Ready for Growth : Solutions to Increase Access to Finance for Women-Owned Businesses in the Middle East and North Africa
The Middle East and North Africa (MENA) region is at one of the most critical turning points in its modern history. The Arab spring was driven by the desire for economic opportunity and justice in the face of poverty and unemployment. The developme...
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Format: | Publications & Research |
Language: | English en_US |
Published: |
Washington, DC
2013
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Online Access: | http://documents.worldbank.org/curated/en/2013/05/17795429/ready-growth-solutions-increase-access-finance-women-owned-businesses-middle-east-north-africa http://hdl.handle.net/10986/16445 |
Summary: | The Middle East and North Africa (MENA)
region is at one of the most critical turning points in its
modern history. The Arab spring was driven by the desire for
economic opportunity and justice in the face of poverty and
unemployment. The development of strong economies that
enable both women and men to enhance their livelihoods is
crucial for the future of the region. The growth and success
of women-owned businesses is one of the most profound
changes in the business world today. There is no doubt that
women are an emerging market force. However, many
businesswomen are not accessing commercial credit, an
essential driver of business success. Lack of access to
finance and financial services is repeatedly identified as
the major constraint for women business owners. This report
'ready for growth: solutions to increase access to
finance for women-owned business in the Middle East and
North Africa', is designed to shed a light on those
barriers. It is the result of a unique International Finance
Corporation (IFC) partnership with vital voices and the
Middle East and North Africa Businesswomen's Network
(MENA BWN). Its purpose is to fill a critical gap in our
knowledge of what women-owned businesses need in terms of
financial products and services. Building on our knowledge
of how commercial banks currently reach the women's
market, this survey data can provide banks in MENA with
information to better serve women business owners. |
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