Women are more concerned about family spending.
Special Unit on Microfinance of the UNCDF explains, “Women success benefits more than one person. Several institutions confirmed the well-documented fact that women are more likely than men to spend their income on household and family needs. Assisting women therefore generates a multiplier effect that enlarges the impact of the institutions’ activities.” 55% increased income is used to purchase household items, 18% percent go for school, and 15% percent is spent on clothing rest of the amount likely to spend on other expenses.
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