Unsecured Business Loans For Women: Questionable Credibility
The world has evolved into the highly and modern society of today. In today’s world, men and women both enjoy the same privileges and rights. They get equal opportunity in education and career too. This has also opened up a vast potential of business opportunities for them.
But in reality is it really equally easy for a woman to get a business loan like the men folk? Do the banks and financial institutions treat them at par?
Looking at the business scenario we find the ratio of women-led businesses to be much less than the businesses headed by men. Generally the successful women entrepreneurs have family backing to fall back upon.
Any new venture to be started by women faces a lot of hurdles, right from procuring raw materials, laborers, marketing and financial loans. The banks and other financial institutes doubt the ability of the women to be able to generate enough profit in the business so that the loans taken can be easily repaid back.
Here the society’s .perception of a woman per se comes into play. Since the banks in general are headed by men, women have to prove themselves equal, if not better in dealing and understanding the nitty-gritty’s of finance.
The situation in the cities is still comparatively better than the rural areas and small towns. Higher education and better vocational skills available to city women, makes it comparatively easier to avail business loans as compared to their rural counterparts.
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