Saving instead of lending: women's bank

"We know that we cannot eradicate poverty with credit" says Sindy Dastile, managing director of South African cooperative Masimbonge, which finances micro-businesses run by women. Instead, Ms. Dastile calls for creating saving schemes for women.

Women's bank will be a topic on October 15 at the second Pan-African Women's Conference in Johannesburg. In the meantime, see the story on women in finance in the late 18th century.