Clsoing the funding gap for women SMEs
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Slides from a presentation I gave at SMO on Friday March 6th, 2015 at the conference "The Power of Entrepreneurial Women Worldwide".
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Clsoing the funding gap for women SMEs
- 1. Investing in women SME’s Overcoming barriers to close the funding gap Nicolette Loonen SMO – Rotterdam - 6 March 2015
- 2. Entrepreneurial women drive wealth • 224 million women entrepreneurs in 67 economies (GEM, 2012) • Women entrepreneurs boost global wealth • Fastest growing group of entrepreneurs • Higher & more stable financial returns • Bigger social impact • Value driven • Invest in their community
- 3. Access to capital hurdle for women • 70% of women-owned SMEs are unserved or underserved by financial institutions (IFC) • Estimated funding gap USD 320 billion (IFC & McKinsey) Mismatch demand & supply
- 4. Challenges for women SME’s • Different view on growth • Lower self-assesment of capabilities • Pitch their business in ‘a different language’ • Unfamiliar with financial jargon • Do it yourself mentality • Undercapitalized • Cultural and legal constraints • Traditional gender roles
- 5. Challenges for investors • Bias • No holistic approach • Gender not identified as an opportunity • Not many female business angels • Focus on start ups
- 6. What can be done? Women entrepreneurs • Look for alternatives • Step out of your comfort zone • Talk to rolemodels • Delegate • Make use of resources • Don’t wait too long
- 7. What can be done? Investors/financial institutions • Look at portfolio from a gender perspective • Be transparant • Be patient • Look for opportunities in different areas • Expand your network
- 8. What can be done? Government • Support female business angel networks • Support initiatives that focus on acces to capital for women SMEs • Increase visibility of rolemodels • Don’t forget the men
- 9. Interested to talk about this topic? Contact me at: Nicolette.loonen@veracommunity.nl +31 - 6 532 88 506 www.veracommunity.nl Twitter: @veracommunity Facebook: VERA Community Link to publication: “De economische kracht van de ondernemende vrouw”: http://www.smo.nl/item/221/nieuwe- publicatie-de-economische-kracht-van-de- ondernemende-vrouw/
Editor's Notes
- IFC International Finance Corporation