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Valuing Women Entrepreneurship in the Informal Economy in Bangladesh

Mukit Mohammad Mushfiqul Haque, Nabila Nusrat Jahan, Islam Mohammad Safiqul and Abdel-Razzaq Assim Ibrahim
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Mukit Mohammad Mushfiqul Haque: Department of Economics, Jahangirnagar University, Dhaka, Bangladesh.
Nabila Nusrat Jahan: Department of Business Administration, University of Asia Pacific, Dhaka, Bangladesh.
Islam Mohammad Safiqul: Department of Economics, Jahangirnagar University, Dhaka, Bangladesh.
Abdel-Razzaq Assim Ibrahim: Accounting & Finance, Prince Mohammad Bin Fahd University, Al-Khobar, Kingdom of Saudi Arabia (KSA).

Economics, 2020, vol. 8, issue 2, 37-54

Abstract: The study aims to address issues related to valuing women entrepreneurship in the informal economy in Bangladesh. To achieve the above objective, both qualitative and quantitative methods have been used. The author reviewed several articles, research reports, and included face to face in-depth interviews of fifteen entrepreneurs. Moreover, the applied five-point Likert scale questionnaire responded 100 random entrepreneurs from the rural areas of Bangladesh to recognize the barriers in accessing financial institutions and figure out how financial inclusions can contribute more in the informal economy. The results of this study suggest that complicated loans process, high-interest rates, absence of a life skills program, lack of financial freedom for women and property rights, entrepreneurial paradox, absence of collaterals, financial institutions negligence, mismanagement of loans, lack of interactions with local successful entrepreneur and imbalance of family and professional promise are the major barriers in accessing financial institutions in Bangladesh. In addition, financial inclusions are required to bring about changes in their lives. The results of the study will help Bangladesh and other developing countries break down the barriers for women entrepreneurs and develop the business opportunities created by women. In this regard, future research will anticipate both urban and rural areas, with a larger sample and quantitative studies will be conducted.

Keywords: collaterals; entrepreneurship; financial inclusion; informal economy; rural (search for similar items in EconPapers)
JEL-codes: C54 E26 F43 O11 P52 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:8:y:2020:i:2:p:37-54:n:11

DOI: 10.2478/eoik-2020-0020

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