Gendered Biased Lending Practices limit access to funding for Female-Led and Owned Businesses in Nigeria

Out-of-date, gender-biased lending practices often mean female entrepreneurs are more likely to get higher interest rates, smaller loan amounts and increased penalties for mistakes.

Tackling Gendered Economic Equity in Nigeria.

ddressing these disparities is crucial for fostering a more inclusive and sustainable business environment. Environment of business scalability is also expensive to run with bills, taxes, resources that at are competent with capacity, infrastructure and security requires evaluation when reviewing loans and funding for women led businesses. 

FUNDING WOMEN-LED BUSINESSES- A SURVEY VALIDATION MEETING

Nigeria has a growing – working population that are youth centred, the unemployment and underemployment figures according to National Bureau of Statistics (NBS), increasing year on year, also shows that women are significantly impacted more than men. The gender implications for women in security, poverty, health, leadership and political representation, is on the rise. While a solution is to create an environment that nurtures everyone inclusively, the economic interventions are still limiting and its impact affects women’s economic power.

Financing Women Owned MSMEs- Financial Investors Need To Be More Inclusive

Female entrepreneurs in Nigeria contribute to 50% of the Nation’s Gross Domestic Product (GDP). McKinsey Global Institute implies that this can go up to 19% in 2025 (up to 90 billion Dollars) if the systems are inclusive and equitable towards women in micro, medium small enterprises (MSMEs). But how can this happen when only 10% of commercial loans go towards women’s businesses and Nigerian women own 40% of businesses?