In 2020, the Graça Machel Trusts' Women's Economic and Social Advancement (WESA) programme conducted a financial inclusion best Practice study, documenting the experiences of 60 women in the financial sector from South Africa and Zambia. The data published from this study reveals that women still need additional investor strategies to strengthen their business acumen related to financial literacy.
This study was commissioned by the African Woman Development Fund (AWDF) and was a one-year program initially designed pre-Covid-19 and had to adapt to the context of its impact in South Africa and Zambia and what women are experiencing. The study documented best practices by taking a micro-level deep dive into why women entrepreneurs are applying between the range of R450,000 and R7.5 million often fail than succeed.
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