Better access to capital
There’s still much inequality in terms of providing women with loans and another financing that they need to start and grow businesses. When it comes to financing, women face particular hurdles, from a lack of collateral to discriminatory regulations and gender bias. Small loans can make a big difference.
Increased networking and collaboration
Much more needs to be done to help women realise that the change begins with them. Collaborating with other women, being part of networks and communicating more with others is vital to helping women gain the confidence to start their own businesses. In Nigeria, networking and non-profit organisations like Women in Business (WinBiz) and Women in Management and Business and Public Service (WIMBIZ) among others are playing a strategic role in supporting and boosting female entrepreneurs. Women should not hesitate to join these organisations.
Entrepreneurship has to feel accessible to women. More training and education programmes geared towards women could help build confidence and reduce the fears that starting a business is a high-risk endeavour.
New mentorship opportunities