Financial challenges faced by women entrepreneurs in Bangladesh

Abstract

Women's entrepreneurship has been increasingly important in recent years in promoting economic growth and development on a global scale. The goal of this study is to examine the unique financial difficulties that women business owners in Bangladesh face while also examining the roadblocks to their economic empowerment and company expansion. The study aims to provide important insights into the formulation of policies and programs that support gender-inclusive entrepreneurship, encouraging their active participation in the growth and sustainability of the country's economy through an in-depth analysis of these issues and their implications. This study employs a qualitative research approach. The results show that Bangladeshi women entrepreneurs face a number of significant financial challenges, including limited access to loans and credit facilities, high interest rates, collateral requirements, genderbased funding discrimination, financial illiteracy, and cultural barriers. The survey's findings show that everyone who took part is aware of Bangladeshi programs aimed at educating and promoting financial literacy among women entrepreneurs in Bangladesh. These kinds of initiatives have the potential to close the gender gap in financial literacy and provide women with the resources they need to manage the financial aspects of their companies, which can help them grow and succeed.