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PRESS RELEASE | Ladies Microfinance Leaders Collect in Mumbai to Promote Trade Management

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PRESS RELEASE | Ladies Microfinance Leaders Collect in Mumbai to Promote Trade Management

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With help from Citi Basis, Ladies’s World Banking hosts ladies leaders from throughout South and Central Asia

MUMBAI – Ladies’s World Banking hosts the 2013 Ladies in Management Program in Mumbai, India this week. With Citi Basis help, the five-day program goals to enhance skilled improvement amongst gifted ladies microfinance leaders.

So as to serve low-income shoppers nicely, monetary establishments should have sturdy leaders who can take dangers, problem conventions, and perceive their shoppers’ wants. Since 2006, 230 ladies representing 97 microfinance establishments in 53 international locations have accomplished the Ladies in Management program, which gives alternatives for ladies to research their management fashion and construct a private improvement plan. Previous individuals share tales of non-public revelations and transformations in addition to important outcomes for his or her establishments, together with promotions, higher portfolios, elevated workers, and extra department openings.

“We’re thrilled to collect these inspirational ladies in Mumbai,” stated Mary Ellen Iskenderian, President and CEO of Ladies’s World Banking. “Management performs an irreplaceable position in driving change, the sort of change wanted to convey ladies into the formal monetary sector. This program provides ladies not solely the chance to strengthen management abilities however to navigate progress and alter of their establishments to fulfill the wants of their shoppers.”

Regardless of the microfinance trade’s progress in South and Central Asia in recent times, ladies proceed to be underrepresented in administration. In keeping with the Combine Market, ladies account for under 11 % of managers in microfinance establishments in South Asia, far beneath the common for a lot of areas (starting from 25 % in Sub Saharan Africa to 46 % in East Asia), and a barely greater proportion of managers in Central Asia at 37 %. The Ladies in Management program seeks to deal with this underrepresentation by guaranteeing that girls are geared up with abilities essential to advance their management.

The Mumbai program welcomes 22 leaders representing 12 microfinance establishments from India, Pakistan, Sri Lanka, Tajikistan, and Mongolia. The agenda features a moderated dialogue with Samit Ghosh, Founder and CEO of Ujjivan Monetary Providers; Pramit Jhaveri, CEO of Citi India; and Chanda Kochhar, Managing Director and CEO of ICICI Financial institution; in addition to a panel dialogue referred to as “Investing in Ladies” that includes Dr. Deepali Pant Joshi, Govt Director of Reserve Financial institution of India; Sarah McPhee, CEO of SPP; and Muge Yuzuak, Managing Director and Nation Head of Playing cards and Private Loans, Citi India.

Ladies’s World Banking is a community of 39 international microfinance establishments united within the agency dedication to serving ladies as shoppers, innovators and leaders. Robust management is crucial for guaranteeing that revolutionary merchandise, tailor-made particularly for low-income ladies, are sustainable for establishments.

“We’re happy to help Ladies’s World Banking’s efforts to develop the subsequent technology of ladies leaders inside the microfinance trade,” stated Pamela Flaherty, President and CEO of Citi Basis, which goals to extend monetary inclusion and financial progress for low-income communities. “Via skilled and management improvement, establishments in addition to the broader subject profit from gifted leaders who create merchandise and repair supply to higher meet monetary wants of their shoppers.”

The Ladies in Management Program continues in Latin America in 2014, furthering the trouble to help sturdy ladies leaders who higher serve low-income communities world wide. Ladies’s World Banking can even host Constructing Ladies-Targeted Finance: Center East & North Africa Convention in Amman, Jordan on November 19-20, bringing collectively the worldwide community of 39 monetary establishments from 28 international locations with different microfinance practitioners, buyers, donors, and regulators working within the Center East and North Africa.

Ladies’s World Banking is the worldwide non-profit dedicated to giving extra low-income ladies entry to the monetary instruments and sources important to their safety and prosperity. For greater than 35 years now we have labored with monetary establishments to point out them the advantage of investing in ladies as shoppers, and as leaders. We equip these establishments to fulfill ladies’s wants by way of authoritative market analysis, management coaching, sustainable monetary merchandise and shopper training. Headquartered in New York, Ladies’s World Banking works with 39 establishments in 28 international locations with a attain of 14 million ladies to create entry to finance on a better scale that ever earlier than. Click on right here for extra data on the Heart and the Ladies in Management Program

The Citi Basis is dedicated to the financial empowerment and monetary inclusion of people and households, significantly these in want, within the communities the place we work in order that they will enhance their lifestyle. Globally, the Citi Basis targets its strategic giving to precedence focus areas: Microfinance, Enterprise Improvement, Youth Training and Livelihoods, and Monetary Functionality and Asset Constructing. The Citi Basis works with its companions in Microfinance and Enterprise Improvement to help environmental packages and improvements. Click on right here for added details about Citi Basis

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