Paying attention to your phone instead of your surroundings is what Does It Mean To Invest In A Business, especially while driving. Here are some creative and original answers: The chicken crossed the road. But why did the chicken cross the road? How To Tie A Tie: 8 Knots Every Man Should Master “,”content_video”:null,”content_etag”:null,”content_slug”:null,”avatar_id”:null,”avatar_name”:”Joe Nobody”,”category_title”:”Fashionbeans. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. What Does It Mean to Be a Woman Entrepreneur in the Democratic Republic of Congo? STORY HIGHLIGHTS As a fragile state, the Democratic Republic of Congo is home to two different types of women entrepreneurs — necessity and growth-oriented.
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Key challenges faced by women entrepreneurs include limited access to finance, lack of support services, inadequate regulations, social prejudices, disproportionate family responsibilities, and lower rates of education. Gender-focused reforms, a growing leasing market, and a new generation of training programs targeting women entrepreneurs can contribute to promoting a vibrant and supportive environment for entrepreneurs in the country. WASHINGTON, January 10, 2017 — Every morning, a 40-something-year-old woman lays out fish on one of Lake Tanganyika’s beaches. On the other side of the country, in the capital city of Kinshasa, Kany Véronique Mafuta runs a small company that produces flour from the cassava root. Local demand for her product is booming, but she doesn’t have the necessary resources to buy new equipment and expand production.
When Kany looked for capital, local banks could only offer her loans with high interest rates that she could not afford. Women entrepreneurs play an important role in DRC’s economy. Both Kany and the woman from Kalemie have an entrepreneurial spirit, but their aspirations, challenges, and needs are very different and require tailored support programs. Necessity entrepreneurs reflect the reality of a fragile state’s economy.
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Milaine Rossanaly, a World Bank private sector specialist. The Congolese micro and small entrepreneurs are thus driven much more by fighting for survival than seeking profits. These entrepreneurs, according to Rossanaly, need to be supported through a holistic approach that combines the direct supply of technical equipment with access to education, health care, and social support. Kany Véronique Mafuta in her production facility. We wanted to better understand the challenges they face in order to plan future projects and initiatives that support their efforts to be viable, productive business owners. On the other hand, growth-oriented women entrepreneurs need targeted support to address the legal, institutional, and financial challenges they face in scaling their companies. Women entrepreneurs — necessity and growth-oriented alike — must grapple with several challenges, including inadequate regulations, social prejudices, disproportionate family responsibilities, lower rates of education and, above all, limited access to finance.
And, gender issues aside, they also face general challenges common to all small and medium enterprises in the country. From cultural norms to access to finance, understanding these barriers is the first step to not only empower women, but also help developing countries increase productivity and foster job creation. Lack of technical knowledge and resources, along with restricted access to land and other assets, also undermines a woman’s ability to invest time and capital in her enterprise. To better understand DRC’s complex entrepreneurial environment, the World Bank Group in 2016 launched a pilot study on women-led small businesses. The study included multiple stakeholders who analyzed the status of women’s entrepreneurship at the national and local level, and identified areas of future intervention. One area of focus was DRC’s Family Code.