BSR Insight | BSR Launches HERfinance to Improve Financial Literacy for Women in Global Supply Chains
About the Author(s)
Racheal Meiers (née Yeager), Director, HERproject
Publication Date
November 13, 2012
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Today, BSR is launching HERfinance, an initiative that will create a financial literacy curriculum to educate female factory workers in global supply chains and help them access financial products.
An estimated 2.5 billion adults worldwide do not use formal financial services to save or borrow money. Increasing financial literacy and access to formal services can help people save and invest funds, build credit worthiness, and reduce risks related to illness or loss of employment.
HERfinance will begin with a pilot program in India and eventually expand in Asia and Africa. The initiative was created with a founding grant from the Walt Disney Company.
HERfinance builds on BSR's efforts to empower women in the global economy through programs such as HERproject, which has promoted health education among more than 200,000 female workers in factories and farms in eight countries. For more information about BSR's work on women's issues, contact Racheal Yeager.
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