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Women Investment Series (WISE)
Indonesia
2014
Ongoing
Keywords
Education (adult); Access to finance
Project description
WISE is a financial literacy and inclusion program for women entrepreneurs launched by the Bank, which aims to improve the financial well-being of Indonesian women through an integrated and sustainable financial literacy program. The target participants of the WISE program are small and medium women entrepreneurs. The implementation of the WISE program is conducted through various activities including face-to-face meetings / workshops, educational articles on the WISE mobile application and Micromentor digital mentoring platform.
WISE has three pilars:
� Enhancing formal networks by creating knowledge and capability exchange among women-owned businesses.
� Innovating with technology through the development of new digital learning tools and expansion of the WISE App to achieve nationwide scale and impact.
� Investing in research to understand how together we can advance financial inclusion and equitable economic growth throughout Indonesia.
Primary thematic area
Secondary thematic areas
Financial services
Skills training
Project details
Umbrella programme
Accountable Org(s)
Commonwealth Bank
Funding Org(s)
Commonwealth Bank; Mastercard
Implementing/
Partner Org(s)
Commonwealth Bank
Project contact
Safitri Damajanti, Communications Contact, Commonwealth Bank Indonesia (Safitri.Damajanti@commbank.co.id) (+62 21 5296 1222); Poully Gunharie, Mastercard (+62 21 5790 0325) (Poully.Gunharie@mastercard.com)
Funding (USD)
Committed
Spent
$
$
N/A
Project website
https://newsroom.mastercard.com/asia-pacific/press-releases/advancing-financial-inclusion-for-indonesian-women/
https://www.mastercardcenter.org/insights/accelerating-growth-of-women-owned-business
https://www.commbank.co.id/en/about-us/corporate-social-responsibility/financial-literacy-program---wise
D-Portal link
Project evaluation
Evaluation source
N/A
Evaluation methodology
N/A
Programme targets
The programme aims to:
- deliver a series of ten masterclasses we will host throughout Indonesia in 2018, and;
- re-launch the Women Investment Series (WISE) app with new tailored learning tools for women business leaders, who are unable to attend a masterclass in person.
Results achieved
By mid-2017, more than 2,500 Indonesian women had joined WISE face-to-face classes and more than 3,500 people had downloaded the WISE App.
On 31 August 2017, Commonwealth Bank partnered with Mastercard to invest in the WISE programme and revive the inactive WISE app.
In 2019-2020, Commonwealth Bank:
collaborated with several partners to hold an e-commerce workshop program for Indonesian women;
Presented the MicroMentor program, which is the first digital platform in Indonesia that was built to connect experienced entrepreneurs and professionals from various industries to become mentors and conduct personal mentoring with small and medium entrepreneurs as participants.
Targets met?
The programme aims to:
- deliver a series of ten masterclasses we will host throughout Indonesia in 2018, and;
- re-launch the Women Investment Series (WISE) app with new tailored learning tools for women business leaders, who are unable to attend a masterclass in person.
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