Women entrepreneurs are still puzzled by the lack of inclusiveness in the financing of businesses owned by women. They say, there are mainly social and economic barriers that limit women’s access to funds, especially from financial institutions like banks.
According to the 2020 MasterCard Global Index of Women, Entrepreneurs estimated that women own nearly 40 percent of all businesses. Yet, data from the World Bank indicates that women entrepreneurs earn 30 percent lower profits than men, and women business owners in Uganda face gender-specific barriers, including lower access to capital, and segregation into lower-value sectors.
Related posts
Theopista Sekitto Ntale, the Country Director of New Faces New Voices says the gap has widened with the interruptions of COVID-19 despite the setup of numerous post-COVID recovery programs.
