Director of Consumer Insights and Engagement, Cathleen Tobin, is interviewed in this piece.
Activists for economic development focus on financial inclusion because without it, it’s difficult for those in developing countries to save and practically impossible for them to make transactions outside of their immediate surroundings if they want to start or expand businesses—and therefore contribute to their local economies. The financial inclusion of women in particular is important because they put about 90% of their income into healthcare, education, nutrition, and shelter, Cathleen Tobin, director of product development at Women’s World Banking, tells the Wall Street Journal. “The more income that a woman controls, the more she is able to further the stability of her family.”
