Impact of Women Entrepreneurship on Women Empowerment in Pakistan

4099 Words 17 Pages
1.1 Background
Women in Pakistan face several challenges due to their economic, social, and cultural status. They constitute 52% of the total population of Pakistan but unfortunately, they function from a subordinate position inherit in both traditional and state institutions. The Gender-Related Development Index (GDI) helps us to understand gender inequalities and its connection to vulnerability, particularly inequalities between men and women. When this measure is taken into consideration, Pakistan ranks 152 of 155 countries which show greater gender disparity. A similar index on gender issues is the Gender Empowerment Measure (GEM), which takes into account gender inequality in economic and political spheres. According to the United
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The idea of self employment or entrepreneurship can bring female empowerment through access to business loans in an environment where informality is the only affordable venue for operating a business venture (Dessy & Ewoudou, 2006). Basic economic theory supporting the empowerment potential of micro finance targeted at women emphasizes access to credit and the resulting opportunity of entrepreneurship. Credit or access to the credit is not enough for the creation of successful women entrepreneurship. Successful Entrepreneurship is the blend of access to capital, skills and access to market, and almost every micro financing institution trying to build the blend through the different services for the women empowerment. Vocational training programs and creation of selling points are the evident efforts of the micro financing institutions. These programs also vividly indicate the seriousness of these institutions for creation of successful women entrepreneur which further lead to wards the women economic empowerment.
Researches further enhance the importance of this blend for women entrepreneurship and empowerment, as Hashemi & Scheler (1996) identified that as credit-program participants were significantly more empowered than non-clients on the basis of their physical mobility, ownership and control of productive assets.
This model of linking microfinance with women

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