Researchers have found that women are less likely than men to become entrepreneurs or independent professionals because Securing financing is harder for women.
The likelihood of obtaining a business loan when a woman wants to launch or expand her own company is overwhelmingly against her.
Women who lack the land that banks require as collateral are affected by this, including Yeo from the Ivory Coast, who was unable to obtain a loan for her farming business because she is a woman and does not possess any land.
According to estimates, women currently control over a third of the world's total private wealth, and they are becoming more financially powerful at every level.
The CFA Institute anticipates that women's worldwide income will rise from USD 13 trillion to USD 18 trillion over the course of the next five years, according to a 2017 Ernst & Young analysis titled Women And Wealth - The Case For A Customized Approach.
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