Financial exclusion further deepens vulnerability: the FinAccess Household Survey (2021) shows that women, especially in informal settlements, have lower access to credit and financial services, limiting their ability to start or grow small businesses. Yet evidence consistently shows that investing in women’s economic empowerment has multiplier effects: the World Bank (2020) estimates that closing gender gaps in the labor market could add $12 trillion to global GDP by 2025, with significant gains for local economies.
For MYM, Economic Empowerment & Leadership is about breaking these barriers by equipping young mothers with vocational and entrepreneurial skills, linking them to markets, and supporting access to start-up capital. Beyond economic skills, building leadership capacities ensures that young mothers can influence decision-making in cooperatives, community associations, and county-level economic programs. This thematic area reflects MYM’s belief that economic independence and leadership go hand in hand — when young mothers earn a livelihood and have a voice, they not only transform their households but also drive community development and social change.