WEGROW

Kitchen Table Eect

Marital Status
Married

Age
63% 19%
Single

PROFILE

UNLOCKING THE GROWTH POTENTIAL OF WOMEN ENTREPRENEURS IN LATIN AMERICA AND THE CARIBBEAN
High-Growth Women Entrepreneurs
ENTREPRENEURIAL ACTIVITIES

3 out of 4 women
Education level

Come from entrepreneurial families

32% 78%
have children

are 30-39 years old

15% 3%

Children

Divorced

3 out of 4 women

Widowed

Have at least a bachelors degree

In which sector do they specialize?

What motivates them to grow their businesses?

54%

What were their main sources of nancing to start their businesses?

2
Business services

3
Manufacturing

90%
IN STARTING THEIR BUSINESSES Fear of failure

Food and beverages

16%

start their businesses in sectors where they see a market opportunity or where they have technical expertise/knowledge

15%

3
TO EMPLOY OTHERS

4
PERSONAL CHALLENGE SAVINGS FAMILY PRIVATE AND FRIENDS BANKS

4%
BUSINESS PARTNERS

11%
OTHERS

ECONOMIC PASSION INDEPENDENCE FOR OWN BUSINESS

What challenges do they face? PERSONAL 1 2 3 1 2 3

IN GROWING THEIR BUSINESSES Maintaining work/life balance

SOCIAL & CULTURAL

What are their ambitions?

1 1

Do not face any social or cultural challenges in starting or growing their businesses

2 2

See a negative perception media in starting or growing their businesses

Household/child care responsibilities

Conict among the multiple roles performed by women

BUSINESS ENVIRONMENT
in starting and growing their businesses
Lack of access to funding Strong competition in the sector

Lack of condence or motivation/poor self-image

At the beginning, they look to grow their businesses into medium or large companies within their countries

78% 85% 88%

As their businesses grow, they do not feel completely satised with their achievements Want to continue growing their businesses
Building a better working world
Multilateral Investment Fund Member of the IDB Group

Are willing to do whatever it takes to take their businesses to the next level

Lack of commercial or negotiating skills

For the complete WEGrow 2014 study, go to: http://wegrow.fomin.org