Economic Empowerment
            8. Finance and microfinance institutions
            Plan works with finance and microfinance institutions to develop programs that work for everyone, including girls, women and youth, to improve access to banking services.
         
        
            
                The benefits of microfinance
                Access: Banks will not extend loans to individuals with few or no assets (these
                    individuals are disproportionately women) and generally don’t engage in the small loans associated
                    with microfinancing. Microfinancing is based on the philosophy that even small amounts of credit
                    can help end the cycle of poverty. 
                Better loan-repayment rates: Microfinance tends to target women borrowers, who are
                    statistically less likely to default on their loans than men. These loans help foster the economic
                    agency of women and are often safer investments for those loaning the funds.
                Equality: Through microfinance opportunities, women are able to increase their economic participation, income generation, agency and autonomy, which in turn contribute to breaking down harmful norms and practices.
                Extending education and health: Families with access to microfinancing are less
                    likely to pull their children out of school for economic reasons and more likely to have resources
                    to pay for school fees or health services.
                Sustainability: Even a small working capital loan can be enough to launch a
                    business and help someone lift themselves out of poverty. Small businesses can create new
                    employment opportunities and have a positive impact on the local economy.
                Improved income and nutrition: Through small loans, individuals are able to acquire
                    agricultural supplies such as improved seeds and fertilizers, increasing the productivity and
                    nutritional content of crops and generating more income from their sale.