Empowering Women’s Entrepreneurship in Developing Economies Through Policy and Financial Inclusion

Abstract

Entrepreneurship serves as a key driver of economic growth, innovation, and social progress, particularly in developing economies. Despite their increasing participation, women entrepreneurs continue to face structural barriers that limit business sustainability and expansion. This study examines the critical challenges hindering female-led enterprises, including financial exclusion, gender bias, institutional constraints, and socio-cultural limitations. Through an in-depth literature review, the research identifies key gaps in financial accessibility, digital transformation, policy frameworks, and entrepreneurial support systems. The findings emphasize the necessity of gender-responsive financial policies, inclusive legal frameworks, digital literacy programs, and targeted capacity-building initiatives. Furthermore, the study highlights the role of mentorship, business networks, and regulatory reforms in fostering a more equitable entrepreneurial ecosystem. Overcoming these challenges requires a multi-stakeholder approach involving policymakers, financial institutions, private sector actors, and development organizations. This research contributes to the discourse on gender-inclusive entrepreneurship and provides strategic recommendations for promoting sustainable business opportunities for women entrepreneurs in developing economies.