Giving preference to women when lending at McAsante Micro-Credit Enterprise is a strategic approach that contributes significantly to the economic empowerment of women in the communities we serve. This practice recognizes and addresses the historical and systematic barriers that women face in assessing financial resources.
By prioritizing women in lending, McAsante Micro-Credit Enterprise actively promotes gender equality and addressing gender-based financial exclusion. In many societies, women have traditionally faced challenges in assessing credit and financial services. By deliberately giving them preference, we address these barriers, ensuring that women have access to the financial resources needed to start or grow their businesses.
We empower women entrepreneurs … when women have access to credit, they become active participants in the formal economy. This inclusion contributes to economic growth and development at both the individual and community level.
A diverse and inclusive business community is more resilient and dynamic. By encouraging the participation of women entrepreneurs, McAsante contributes to the creation of a business environment that reflects the diversity of skills, perspectives, and talents in the community.
Women’s economic empowerment has a ripple effect on poverty reduction. When women have the means to generate income and build sustainable businesses, they can contribute to the economic well-being of their families. This breaks the cycle of poverty and creates opportunities for future generations.