An assessment of the challenges and opportunities in financing rural women entrepreneurship in the micro, small and medium enterprises sector in cameroon

Abstract

Fundamentally, women are one of the major drivers of social and economic growth through entrepreneurship development. Their role in impacting rural entrepreneurial activities by boosting rural employment and capital are praiseworthy. Women entrepreneurs are financial assets for development. For any developing country to emerge, its rural development countryside through entrepreneurship have to be efficient in resources allocation. The dangers to achieving this at the - post-Covid-19 era are enormous considering existing rural business financing challenges. Digital financial transformation could resolve these barriers. Using a qualitative research approach,this study examines the challenges and opportunities in financing rural women businesses. It comments that, financial digitalization, banking proximity, financial inclusion, financial care services and government support system can enhance rural women entrepreneurial productivity and reduce the level of poverty.