Grange wants more women to start businesses
The Minister of Culture, Gender, Entertainment and Sport, the Honourable Olivia Grange, says that the Government is making it easier for women to start businesses. On Wednesday, Grange and her colleague Industry, Commerce, Agriculture and Fisheries Minister Karl Samuda signed a Memorandum of Understanding "to promote sustainable and productive entrepreneurial activities in order to generate income among women."
Grange said that although women face many challenges in starting a business, statistics indicate that women are more consistent at loan repayment, especially those in agriculture.
However, the challenge remains "to ensure that financial entities provide services which women can access freely to become successful entrepreneurs."
NO VISIBLE BARRIERS
She also said that "while there are no visible barriers to women's access to the financial sector, too many women, particularly rural women are unable to access specific types of financing."
Grange said that she was pleased to sign the MOU under which strategies will be developed to address the constraints faced by women wishing to start their own businesses.
"We must encourage and build entrepreneurship among our women. We will empower a woman by creating the opportunities for her so she does not have to depend on someone else," she said.
Samuda said that his ministry was doing everything "to ensure that through dialogue with the banking sector and the Development Bank of Jamaica in particular, women play a very prominent role as recipients of assistance in their businesses."