AfDB’s AFAWA - Affirmative Finance Action for Women in Africa – To Showcase at AWIEF 2016
Access to finance is widely cited as one of the major factors impeding the growth of women-owned businesses in Africa.
The gender gap in financial resources for small and growing businesses led by women is established at USD40 Billion. Women face particular challenges and are considered less attractive clients for business financing for reasons related to culture, collateral, inexperience and capacity.
Banking and financial institutions may also lack the knowledge to offer products tailored to women’s preferences and constraints.
The African Development Bank (AfDB) joins AWIEF to address the challenges and to economically empower African women entrepreneurs and innovators in its commitment to advance the Gender Equality Agenda, with particular reference to access to finance.