QNET is proud to partner with the Foundation for The Support of Women’s Work (KEDV) in Istanbul, Turkey, to improve financial literacy among women.
The partnership is part of QNET’s signature financial literacy programme, FinGreen, which aims to foster financial autonomy and inclusion for vulnerable groups, such as women, by addressing knowledge gaps and empowering individuals to make informed financial decisions.
Financial literacy, or the ability to understand and effectively use financial tools, is key to making informed decisions for one’s economic well-being over the long term.
QNET believes that financially literate individuals can experience a better quality of life and financial resilience as they know how to handle their personal finances, plan for the future, and recover from economic shocks or distress. The OECD’s 2020 International Survey of Adult Financial Literacy highlighted an imbalance in financial literacy rates between genders, where men have statistically greater financial knowledge than women worldwide.
In Turkey, only 54 per cent of women have a bank account, compared to 83 per cent of men, making it one of the most significant gender gaps in financial literacy and inclusion in a developing economy. This stems from various social and structural barriers, such as:
Many women not opening a personal bank