n Determinants of Financial Inclusion of Female Entrepreneurs in Somalia - SIMAD University
Determinants of Financial Inclusion of Female Entrepreneurs in Somalia
Oct 09

Determinants of Financial Inclusion of Female Entrepreneurs in Somalia

This study investigates the financial inclusion of female entrepreneurs in Somalia, focusing on determinants such as age, education, business characteristics, and form. Data from 385 female entrepreneurs in key urban centers reveals that most have bank accounts and savings, but fewer have received bank loans. Older entrepreneurs are more likely to have bank accounts, while younger ones are more inclined to save and borrow from banks. Education level significantly impacts financial inclusion, with those holding university degrees having higher rates of bank account ownership, savings, and borrowing. The study underscores the importance of gender-inclusive financial policies, improved financial infrastructure, and financial education to empower female entrepreneurs in Somalia and promote their success. Read the full article here…..

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