Women are more concerned about family spending.

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.