women’s entrepreneurial venture scope weventurescope
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Women’s Entrepreneurial Venture Scope
WEVentureScopeCommissioned by
Project methodology presentation for the Women’s Entrepreneurship: Women’s Entrepreneurial Venture Scope Panel
October 2, 2013
Programme overview
The Economist Intelligence Unit developed the index in close collaboration with the Multilateral Investment Fund.
The Index
The WEVentureScope is the first comprehensive assessment of the environment for female entrepreneurs in Latin America and the Caribbean.
• Measures the environment for women seeking to start and grow micro, small and medium-sized enterprises
• Benchmarks 20 countries in the region
• Measures the environment across five categories: Business Operating Risks, Entrepreneurial Business Environment, Access to Finance, Capacity and Skills, Social Services
• Develops new indicators on women entrepreneurs
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WEVentureScope research methodology
Convene panel of experts on women’s entrepreneurship and economic development
Develop indicator framework
Design new synthetic indicators
Conduct primary and secondary research
EIU country analysts score indicators
Review scoring, develop Excel model
EIU & MIF jointly review results
Analyse results and produce report & data visualisation
Access to finance
Entrepreneurial environment
WEVentureScope 2013: Indicator framework
Capacity & skills
Social services
Output variables
Business risks
Index
• Property rights (2)• Business sophistication (4)
• Costs of doing business (4)
• Macroeconomic risk*
• Security risk (2)
• Vulnerability to corruption (2)
• Supporting regulation*
• Female households • Supplier-diversity* (2)• General access to finance (5)
• Access to SME finance (6)
• Access to microfinance*(3)
• Microenterprise tech support*• SME technical support*• Business networks*• Educational levels* (4)• Access to technology (3)
• Childcare*
• Elderly care (2)
• Maternity & paternity leave*
• Healthcare, including maternal mortality (2)
• Female participation in firm ownership
• Female top manager• Early-stage female
entrepreneurial activity
And many more…
*Denotes EIU proprietary data(#) Denotes number of sub-indicators; not all listed due to space constraints
WEVentureScope2013
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We were able to advance data collection and analysis for women’s entrepreneurial ventures in this study in several ways:
• 8 EIU-created indicators pertaining to women entrepreneurs including
Supplier diversity initiatives for women-led MSMEs
Technical training programmes for female business owners
Business networks for women Availability of childcare Maternity & paternity leave
WEVentureScope: New data on women entrepreneurs
• 16 gender-disaggregated data series on women-led MSMEs
EIU disaggregated World Bank Enterprise Survey data to capture the experience of women leading MSMEs
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Overall, this category focuses on women’s access to financial instruments as a tool for starting and developing their businesses These indicators identify products for which women’s use is strong/weak Measures the availability and use of formal financial products by female managers of MSMEsHas the highest number of gender disaggregated sub-indicators, which reflects the progress in data collection in this field
Access to Finance category: Some specifics
Indicator What it measures SourceGeneral access to finance
5 elements of women’s usage of financial products (bank accounts for business purposes, loans, savings accounts, withdrawals and deposits)
Global Financial Index
Access to SME finance
6 elements of sources of funding for women-led SMEs and importance of collateral
World Bank Enterprise Surveys
Access to microfinance
3 elements of the environment for microfinance and the importance of women’s microloans in MFIs’ portfolios
MIX, Microscope on Microfinance
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Access to Finance category: Overall results
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Access to Finance category: Mexico resultsMexico vis-à-vis its peers
Indicator Rank
General Access to Finance 3
Access to SME Finance 15
Access to Microfinance 1
Mexico is not only way above average but leads the category.
Mexican women who are entrepreneurs enjoy a wide access to microfinance: most microloan borrowers are women and they represent the largest MFI portfolio in the region
Women-led SMEs have low access to financing vehicles for business growth
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Exploring the results: Website
Explore the drivers of women’s entrepreneurship
Compare country scores
Find country profiles
Explore relationships with additional elements of the national environment
Download the Findings and Methodology paper and the Excel model
Visit www.weventurescope.comAlso available at www.eiu.com
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THANK YOU
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