Women entrepreneurs are controlling 44 percent of micro businesses supervised by the Social Fund for Development (SFD), the fund’s secretary-general Soha Soliman said Wednesday. Around 83,000 micro projects are seized by Egyptian women entrepreneurs.
Additionally, there are around 4,390 women-led small projects, representing 23 percent of the SFD’s small-sized businesses, Soliman added.
Soliman made those remarks at a session entitled “Empowering Women through Financial Inclusion: Measuring our Impact”, as part of the 18th Microcredit Summit, that takes place in UAE running from March 14 to 17.
Under the rubric ‘Frontier Innovations in Financial Inclusion’, the Summit will run from March 14 to 17 at the Jumeirah Etihad Towers. It is jointly organised by UAE Khalifa Fund for Enterprise Development, the Arab Gulf Programme for Development (Agfund), and the Microcredit Summit Campaign.
The session discusses methods to measure impact and the tools and resources that can improve women’s social inclusion and increase their economic empowerment. It will also delve into innovations that are helping close the gender gap in financial inclusion and ways to improve access, capabilities, and usage for women.