Women’s employment prospects are comparatively lower than those of men. Women are more likely to be unemployed than men, and, thus, are more likely to rely on savings and investments, as well as on aid, remittances and subsidies.
Women are more likely to manage higher proportions of household finances than men.
Purchases and financial decisions, however, are primarily a responsibility of the husband. Women have a limited role in financial decision-making.
A majority of women keep and control less than half of what they earn.
However, there are signs that the traditional gender roles might be changing, as women are assuming more prominent roles in their communities and are now in a better position to start a business.
Mobile money penetration for women is high (80% own a mobile money account), which has the potential of closing gender gaps in Somalia.
Barriers to women’s adoption of mobile money remain; but those barriers are not dissimilar to those faced by men, although they are more severe.
A large share of women feel more financially independent and able to access more opportunities thanks to mobile money. However, women’s perceptions of increased financial independence associated with mobile money usage is not yet accompanied by an actual shift in the household role distribution or household decision-making.
Mobile money might have also had indirect negative effects on household dynamics as one out of five female mobile money subscribers reported that mobile money had negatively affected their relationship with their husband.