Women Entrepreneurs: Giving Credit Where It Is Due
Katie Koch of Goldman Sachs Asset Management provides an update to a 2014 Goldman Sachs report outlining the barriers facing female entrepreneurs around the world and why these business owners represent a substantial economic opportunity.
This year’s G20 in Hangzhou, China met against a backdrop of sluggish global growth, record-low interest rates and weakened commodity prices. For ten of the high-growth-potential countries in this group – Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey – investing in women-owned small and medium-enterprises (SMEs) could provide a significant economic boost. In a new report, Giving Credit Where It Is Due: Spotlight on the G20, Goldman Sachs Asset Management estimates that women-owned SMEs in these ten countries face a credit gap of $160 billion; if it is closed in the next few years, incomes per capita could average nearly 15% higher by 2035.