This was the recommendation of the multilateral lender in a report that looked at challenges faced by women entrepreneurs in Indonesia, the Philippines and Vietnam.
"By serving more WMSMEs, digital lenders can not only expand their outreach and have a higher social impact but can also improve their loan portfolios by adding a segment known to have lower risk profiles and higher loyalty," the ADB said.
While digital lenders have several products that can be useful for WMSMEs, the ADB said most fintechs do not focus specifically on women.
It said many fintech firms also need to track the number of women they serve.
This story is from the August 04, 2024 edition of The Philippine Star.
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This story is from the August 04, 2024 edition of The Philippine Star.
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