This video shows work to ensure pastoralists, especially women, get training in financial skills as part of a bundle of products that include a mobile wallet, savings products, and drought insurance. Empowering women financially means changing harmful norms, attitudes, and beliefs that hold women and girls back.
DRIVE, the De-risking, Inclusion and Value Enhancement of Pastoral Economies project, also protects pastoralists against financial losses from natural disasters and the effects of climate change. The project’s aim is to build financial resistance to climate shocks with a package of financial services, which include drought insurance and savings and digital accounts and better integrate pastoralists in value chains. The World Bank has earmarked $360.5 million for the project, which is expected to mobilize $572 million in private capital.