Financial services are important for women who are starting and growing a business, but in Pakistan microfinance providers (MFPs) are not reaching Pakistan’s businesswomen. Only 59 percent of microfinance clients are women, yet the majority of these loans are passed on the male members of the household – husbands, fathers, and sons. The practice of passing on loans to male household members is quite widespread; women may be bearing all the transaction costs and risks of accessing loans, but are not the final beneficiaries. Second, a very low proportion of female microfinance clients are entrepreneurs. The report explores why businesswomen in Pakistan may not be using microfinance products to meet their start-up and working capital requirements, in spite of identifying access to finance as a key constraint to their business operations. Against this backdrop, access to finance remains the biggest challenge for a woman who wants to start or grow a business. Yet less than a quarter of the entrepreneurs identified through business development service providers were currently borrowing from microfinance lenders. Even among those entrepreneurs that borrow, dissatisfaction is high. Why? Women borrower-entrepreneurs are not able to access individual loan products, but instead are consistently relegated to group lending. But group loans are very costly for a woman who is running a business, and the loans are too small to fulfill working capital needs. Businesswomen are rarely given the opportunity to access individual loan products, which are usually offered exclusively to male borrowers, and women are not given opportunities to graduate from group loans to individual loans over time. Lending practices often are discriminatory, requiring husbands’ permission, male guarantors, and unmarried women are rarely considered as potential clients. Although MFIs understand that women’s inclusion is integral to the objectives of microfinance, the practice of passing on loans raises serious issues about consumer protection for women clients, and the best and most effective solutions to these challenges could and should come from the sector itself. Designing better products that reach the needs of emerging women entrepreneurs could prove to be good business, achieving double bottom-line objectives. Investing in financial literacy and education of both men and women borrowers can help curb the demand for pass-through loans and help lower risks associated with deceptive practices.

Global cities with a largely cosmopolitan environment, such as Auckland, Berlin, Dubai, London, New York, Shanghai or Singapore, are successfully developing and attracting entrepreneurs from all over the world. This book elucidates the policy approaches related to the formation of the cosmopolitan environment that supports entrepreneurship in large urban areas. The book’s core theme is the relationship between cosmopolitanism and entrepreneurship, with the latter viewed as a key driver of economic growth, sustainability and prosperity. The book argues that successful entrepreneurship rests on the two pillars of the cosmopolitan environment: diversity and the creation of business opportunities. In contrast to globalisation’s standardised solutions in policy, commerce, banking and social issues, cosmopolitanism allows individualised value and solutions, whereby actors—entrepreneurs, businesses, families, interest groups, governments, non-governmental organisations and virtual communities—enjoy diversity as a norm. The book pays special attention to under-researched topics, such as threats to sustainability in cosmopolitan cities; why cosmopolitan cities attract immigrants with a highly independent mindset; the impact of religious norms on female and male entrepreneurs; varying experiences of local and expatriate entrepreneurs; and the diff erences in doing business by female entrepreneurs, stemming from their nationalities and residence status. The book off ers conceptual insights into the enablers of entrepreneurship in cosmopolitan cities and urban governance, complemented by case studies based on fi eldwork in Dubai, Hamburg, Istanbul, Karachi, Kyiv, London, Moscow and Tel Aviv. The book will appeal to those who study or teach cosmopolitanism, globalisation or urban development concepts, and those professionals who are considering the possibility of doing business or working as an expatriate in a cosmopolitan city.

Disparity in the workplace has been exacerbated in recent years as society faces a number of challenges in promoting inclusion and equality across fields. To ensure appropriate steps are taken to move in the direction of a diverse and equitable future for the workforce, further study and consideration on the key challenges, opportunities, and strategies for advancing business policy to provide for the underserved is required. Sustainability and the Future of Work and Entrepreneurship for the Underserved highlights marginalized labor and entrepreneurial market segments and reviews strategies used to prepare for technological change globally. The book also provides a series of recommendations to assist in growing and sustaining a more inclusive global society. Covering a range of topics such as disparities, class challenges, and entrepreneurs, this reference work is crucial for policymakers, business owners, managers, researchers, academicians, scholars, instructors, and students.

Contextual Embeddedness of Women’s Entrepreneurship brings together a range of research that provides powerful insights into the influences and restraints within a diverse set of gendered contexts including social, political, institutional, religious, patriarchal, cultural, family, and economic, in which female entrepreneurs around the world operate their businesses. In doing so, the contributing authors demonstrate not only the importance of studying the contexts in how they shape women’s entrepreneurial activities, but also how female entrepreneurs through their endeavours modify these contexts. Collectively, the edited collection’s studies make a substantial contribution to the contextual embeddedness of women’s entrepreneurial activity, provide numerous insights, and provoke fruitful directions for future research on the important role of the contexts in which women’s entrepreneurial activities take place. This innovative and wide-ranging research anthology seeks to reframe and redirect research on gender and entrepreneurship and will appeal to all those interested in learning more about female entrepreneurship.

This book analyzes the different policy challenges that Pakistani women face and makes regionally relevant policy recommendations across different areas of private and public life, drawing on secondary data from nationally representative surveys and primary data from qualitative interviews. These areas include family safety, housing adequacy, food security and nutritional adequacy, environment and disaster protection, educational development, employment and formal sector inclusion, and health security. The author examines how the history, culture, and political climate of Pakistan have shaped social policy for women, interrogates gaps in social protections for women, and analyzes the limitations for past interventions. This text also looks at collaboration across South Asian countries, as well as using religion, social media, financing, and a new model of governance for comprehensive coverage and sustainable social policy for women. This book will be of interest to scholars, students, and policymakers with focus on women’s and gender studies and policy studies in South Asia.

The Emerald Handbook of Women and Entrepreneurship in Developing Economies examines women's role in entrepreneurial practices in a range of developing countries and applies unique strategic contextual frameworks to analyse, interpret and understand individual processes, themes and issues.

This book offers a thorough examination of the economics of financial inclusion and management from a contemporary standpoint. It covers a vast array of financial inclusion-related topics, surveying economies around the globe and analyzes the factors that contribute to both financial inclusion and exclusion. The book discusses the role of technology, examining how technological advances have revolutionized financial services and increased access to populations that were previously underserved. It studies the intersection of financial inclusion and sustainability, highlighting the significance of green finance and its role in fostering inclusive and sustainable economic growth. Financial literacy and the theories underlying financial inclusion efforts are examined, as is the impact of financial criminality. Further, the authors consider regional development and the extant gaps in financial inclusion as well as the urban-rural divide, investigating disparities between urban and rural areas and proposing strategies to bridge the gap. They also assess the effect of inflation and recession and discuss how monetary and fiscal policies can impact inclusion initiatives. The book concludes with a management perspective on financial inclusion, with chapters devoted to various aspects of administering inclusive financial systems. It combines theoretical insights with empirical evidence and case studies, from both developing and developed nations, to illustrate the various approaches and challenges and to provide a comprehensive understanding of worldwide advancements and developments. The comparative approach provides readers with insights into diverse strategies and best practices for overcoming challenges and obstacles and for promoting financial inclusion in various economic contexts. Overall, readers will benefit from the book's comprehensive analysis and exhaustive coverage. It is an invaluable resource for advanced students, scholars, researchers and policymakers.