Study found female-led companies at global level tend to be 30—40 per cent less profitable than male-led companies due to such barriers like lack of coaching, restricted entry to finance, networks and being primarily responsible for home care Adema et al. Nevertheless, ladies entrepreneurs within the Caribbean play an important position in supporting the Caribbean financial system.
When interviewed, many women expressed that their race and class background are larger obstacles in comparison with their gender to take part in economic opportunities.
In Jamaica, educated females make up a sizable part of the lending officers in banks. In deciding on who they lend money to, they are more likely to favour wealthy over poor or feminine clients.
These discriminatory practices reinforce not solely the obstacles to female entrepreneurship but additionally have a negative impression on the economy at giant as a result of it increases intersectional inequalities as an alternative of lowering it Hossein, , pp. The enterprise surroundings wants to enhance, so fewer individuals are driven to wants based entrepreneurship. Currently, 42 per cent of Jamaican households are single-headed feminine households.
While at the same time, the unemployment for girls stands at The greater unemployment fee of ladies is expounded to the truth that women additionally have to fulfil their domestic responsibilites as mothers and sometimes as head of single households and care for the elderly and hence their unemployment is so high. This condition of getting to take look after several other, younger or older, makes ladies extremely susceptible to exploitation.
