Olajumoke Daramola has worked in the financial sector for over a decade. She currently provides advisory services with Women’s World Banking, an organisation that aims to empower low-income women around the world through financial inclusion.
We talked about:
What Women's World Banking does
What financial inclusion is and how women are left behind
Closing the financial gap
The importance of using the right approach to connect with your target audience
Being flexible and always having backup plans
Key takeaways:
Financial inclusion leads to economic empowerment and financial independence.
Less than 50% of women in Nigeria have bank accounts and even less than that make use of them.
Women’s World Banking pushes for and creates opportunities for women to be financially included.
Understanding your target audience makes it easier to connect with them.
Everyone benefits when you create solutions for marginalised groups.
Be flexible and ready/willing to pivot because not everything is in your control.
Find Olajumoke
LinkedIn: https://www.linkedin.com/in/olajumoke-daramola-5b6786163/
Find Iwalola
Instagram: https://www.instagram.com/iwalolaa/
Twitter: twitter.com/IwalolaSobowale
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In this episode we cover:
0:00 Intro
1:58 Icebreaker
6:05 Olajumoke's background
7:49 Her experience at Sterling Bank
9:15 People that have influenced her
13:56 Why she transitioned into product management
15:43 Her career highlights
19:41 What financial inclusion is and how Women's World Banking comes in
22:05 Countries Women's World Bank operates in
22:51 Are women financially included?
27:23 Women's World Banking’s impact so far
28:56 Why Women's World Banking is focused on women
30:45 The financial gap that exists against women
33:47 How Women's World Banking identifies with clientele
37:37 Does Women's World Banking invest in people?
38:35 How Women's World Banking chooses partners
40:38 Women's World Banking’s success stories
42:35 Challenges faced by women in relation to access to financial services
46:10 The most difficult parts of solving the financial inclusion problem
48:55 Navigating policy changes that affect the business
54:13 Olajumoke's advice for African women with businesses
58:08 How to get in touch with Olajumoke and Women's World Banking
1:00:07 Outro
We referenced:
EfinNA Access to Finance Report 2023
World Bank’s Global Findex Report
Previous Episodes
Here are some previous episodes for you to enjoy:
Until next time, stay curious!
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