However, women entrepreneurs have limited access to finance and access to markets for a variety of reasons, including:
- Limited awareness/understanding of the formal financial sector’s products/services;
- Informal nature of their businesses and relatively smaller sizes in terms of turnover and equity;
- Lack of ownership of property or land title to pledge as collateral; and
- And inadequate documentation in terms of business records needed to determine borrowing capacity.
In addition, those banks that do develop custom products for empowering women’s entrepreneur may have difficulty reaching new, qualified, prospective customers, or have concerns about their ability to repay loans.
Emerging360’s Solutions for Empowering Women Business Owners
Emerging360 develops products for empowering women business owners with the skills, knowledge, and attitudes necessary to access finance, access markets, and grow in sustainable ways. Furthermore, our instructional design approach is unique in focusing on gender and cultural obstacles to finance.
In addition to custom offerings for clients, Emerging360 is developing a cutting-edge, mobile platform that enables banks and other financial institution partners to build their brands and reach new women-owned MSMEs while increasing repayment rates, etc.
Contact us to learn more!