{"id":8139,"date":"2017-06-19T14:42:15","date_gmt":"2017-06-19T14:42:15","guid":{"rendered":"http:\/\/africlub.net\/awdf\/?p=8139"},"modified":"2017-06-19T14:42:15","modified_gmt":"2017-06-19T14:42:15","slug":"a-model-for-saving-new-faces-new-voices-graca-machel-trust","status":"publish","type":"post","link":"https:\/\/awdf.org\/OldSite\/a-model-for-saving-new-faces-new-voices-graca-machel-trust\/","title":{"rendered":"A Model for Saving- New Faces New Voices: Graca Machel Trust"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"A Model for Saving. New Faces New Voices: Graca Machel Trust\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/DOx8bFxgONQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>New Faces New Voices is a pan African advocacy group that focuses on expanding the role and influence of women in the financial sector. \u201cFor us to have inclusive growth,\u201d said NFVF Executive Director Nomsa Daniels, \u201cwe can\u2019t afford to leave 50% of the population behind.\u201d This belief that women have the potential to deliver a significant contribution to economic growth in Africa drives the organisation\u2019s mandate. In 2015, the organisation identified the need to bring women into the formal banking sector to enable them to have access to financial services. NFNV Uganda Chapter director Theopista Ntale had been a banker for over 20 years, and therefore, understood the sector. \u201cShe also saw how the banking sector does not really serve women who are not able to access the full range of services,\u201d explained Daniels. In Uganda, as in many African countries, there are clear gender inequalities in the finance sector with the majority of women lacking access to financial services and remaining unbanked and financially excluded.<\/p>\n<p>The 2013, FinScope Uganda\u2019s national survey on demand, usage, and access to financial services noted that the low usage of the formal banking products and services impacts heavily on the level of savings mobilised domestically through the financial system, which in turn affects access to credit and investment by the private sector. That survey also identified that the level of financial literacy among the adult population also remained low. \u201cLack of knowledge about existing financial products and services was rife among a large proportion of the adult population,\u201d said the Finscope Report. Limited access to financial services is one of the biggest obstacles to development \u2014 especially in rural areas. Often the gap is bridged through the use of savings groups \u2014 most of whom are led by women.<\/p>\n<p>Read the rest of their riveting story below, and watch the interview above for more insight into the work of the advocacy group.<\/p>\n<p><a href=\"http:\/\/africlub.net\/awdf\/wp-content\/uploads\/AWDF_NFNV.pdf\">New Faces New Voices: Grantee Highlight\u00a0 <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Faces New Voices is a pan African advocacy group that focuses on expanding the role and influence of women in the financial sector. \u201cFor us to have inclusive growth,\u201d said NFVF Executive Director Nomsa Daniels, \u201cwe can\u2019t afford to leave 50% of the population behind.\u201d This belief that women have the potential to deliver [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":8141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-8139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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