Study Finds Women Entrepreneurs in Latin America Opportunity Driven
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March 27, 2014
Meet These Women Entrepreneurs (FOMIN)
A new study analyzing the characteristics and challenges facing women entrepreneurs in Latin America and the Caribbean has found that they are opportunity driven rather than necessity driven.
The study also found that these women mention economic independence, passion and creating jobs as their main reasons for launching their business ventures.
The new study titled ‘WEGrow: Unlocking the Growth potential of Women Entrepreneurs in Latin America and the Caribbean’ was commissioned by the Multilateral Investment Fund (MIF), a member of the Inter American Development Bank (IDB) Group and produced by Ernst & Young.
It analyses high-growth women entrepreneurs in Argentina, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru, and Uruguay, whose businesses have experienced growth rates of more than 20 per cent for at least three years and compares them to those of their male counterparts, as well as those who reach lower growth rates.
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