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Article

Commentary: Nepali women entrepreneurs struggle to raise capital; financial institutions can explore global financial models to create effective schemes for women

"Enhancing access to finance for women", 5 September 2021

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[...] Women entrepreneurs generally find it challenging to raise capital or obtain a bank loan. A study by HSBC Private Banking entitled She’s The Business has revealed that more than one-third of female entrepreneurs face gender bias while raising capital for their businesses.

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Access to finance is a persistent problem for Nepali women entrepreneurs. Despite numerous schemes that have been introduced thus far, having access to easy and accessible funding remains difficult. [...] Banks and financial institutions, along with the government, international organisations and civil societies, can explore and take inspiration from global financial models to create an effective scheme for women entrepreneurs in Nepal.

It is not an easy feat, but slow and steady steps can be taken. The first step can be research—research on international practices and the actual needs of women entrepreneurs in Nepal. This can help identify the actual needs of women entrepreneurs, and international practices can help decide and select useful products. The second phase can be selecting banks and introducing pilot projects to assess the success of products, similar to what was done in Peru. Researching and introducing new financial products based on the needs and conditions of women entrepreneurs can help accelerate ease of access to finance and develop the quality of women entrepreneurs in Nepal.

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