Business

70% of women entrepreneurs do not have access to any type of financing

According to INEGI (2012), women entrepreneurs in Mexico contribute 37% to the Gross Domestic Product (GDP).

2 min read

Many women own small and medium enterprises in developing countries, but more than 70% do not have access to financial institutions or receive adequate financial services to meet their needs. At least this is reported by a World Bank study.

70% of women entrepreneurs do not have access to any type of financing
70% of women entrepreneurs do not have access to any type of financing

According to the Mexican Association of Women s ( Ammxe , 2013), women allocate more than 70% of their profits to their family and community, while men only contribute between 30 to 40% of their resources for these purposes .

Marlene Ochoa spokeswoman and marketing manager of Sofom Serfimex Capital considers “that Mexican businesswomen have access and control of resources is a strategic element to achieve their empowerment, since it favors their position to participate and make decisions in family, community and empower to the Mexican market. ”

Ie, it s and should consider stimulating economic participation of women will boost benefits for families, communities and economies. If women had the same opportunities as men in labor markets, some economies could grow by up to 34 percent more .

Data from the National Occupation and Employment Survey (ENOE) 2019 shows that 2.4% of women employed in the labor market are employers. In absolute terms, it means that 526 thousand women are employers, that is, one fifth of the total number of employers are women, a very attractive market and little attended by other financial companies.

Today in the world five out of 10 women are self-employed, the majority do so in the informal economy, according to figures from the Organization for Economic Cooperation and Development (OECD). Mexico ranks fourth in Latin American countries that has the business environment conducive to women seeking to start or grow a business. This is where sofomes created to empower small businesses can make a difference in the growth of Mexican businesswomen.

Similar Posts