What is Gender Gaps in Financing

The purpose of this chapter is to explore the problem of financing women entrepreneurs from the perspective of BiH women entrepreneurs. Using an interpretive research methodology and based on face-to-face semi-structured in-depth interviews with 12 women entrepreneurs, the authors examined their perceptions and identified the key barriers to accessing financial means as they were experienced and faced by women entrepreneurs from Bosnia and Herzegovina (BiH). The results presented in this chapter indicate that in BiH there is a problem of social inadmissibility of women entrepreneurs, as well as open discrimination by banking officers. If these are accompanied by high interest rates on loans, extensive and costly documentation necessary for applying for a loan, and the inability to provide collateral, it leads to financial exclusion and limited access to finance. Making progress on alleviating or tackling the problem of financing women entrepreneurs is a long-term commitment from governments, non-governmental organizations, financial institutions, and investors.