Challenge: Lack of confidence or hesitation to approach financial institutions

Women entrepreneurs tend to have less experience with banking institutions and could feel intimidated to approach a bank. Poor financial literacy often translates into inadequate accounting...

Challenge: Lack of reliable information

Due to inadequate financial knowledge, women-owned enterprises do not always maintain necessary financial documents. This makes them less attractive to financial institutions.

Challenge: No customisation of products/services to suit woman entrepreneur needs

Banks rely on personal track records when reviewing loan applications. In the case of women, these are often not strong enough as women entrepreneurs lack proper...

Challenge: Bank branches appear unwelcoming

One criticism expressed by women entrepreneurs is that bank branches have few women relationship officers and an unwelcoming environment.

Challenge: High transaction costs

The average finance needs of men-owned enterprises are more than that of womenowned organisations. The cost of administering and servicing small loans to women entrepreneurs is...