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Article

14 Jun 2007

Author:
Andrew England, Financial Times

FT Report - Leading Businesswomen: Lack of networks hampers entrepreneurs

[F]or women operating in traditionally conservative societies [setting up a business in the Middle East] can be exacerbated by age-old discrimination and prejudices…Nadereh Chamlou, a senior adviser at the World Bank…says the main barriers for women seeking to start-up companies are: access to capital; the lack of networks for women to mingle with other business people and potential clients; and the challenges of juggling running a family with managing a business…Access to credit is another problem, with women forced to use a man - husband or father - to act as guarantors for loans. [refers to Global Cargo and Traveller's Services]