The dream of owning and successfully running a business is restricted by significant barriers for

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The dream of owning and successfully running a business is restricted by significant barriers for any person that wishes to become their own boss. Financial capital may be one of the only true barriers that prohibit a male from beginning a business; while depending on the country, a woman may face financial constraints in addition to religious, legal and cultural limitations. These obstructions will not only limit the financial independence of women, but also limit the growth and personal freedom for the entire country. According to the Secretary General of the United Nations Kofi Annan, achieving gender equality is fundamental to economic development. Nations that oppress the personal freedoms of women have laws in place to restrict…show more content…
They are often relegated to informal sectors such as family labor and the harvest side of farming. Therefore the poorest of women are normally those that do not own land. These female laborers have even more significant barriers to overcome in their effort to be financially successful. According to Islam, “the greatest obstacle women face is the lack of capital required for building the permanent structure of the enterprise, labor- saving tools to ease domestic burden, and raw materials and growth-enhancing machineries needed to increase productivity in their enterprises” (Islam 12). Bangladesh is not alone in its treatment of women; developing countries around the world are discriminating against women from aspiring to be anything more than housewives with limited rights. Therefore without an intervention to help women escape from this oppression and poverty trap, they will continue to be marginalized and will remain invisible in the specific country’s markets (Islam 11-13). One of the most common forms of intervention that is imposed throughout the world to benefit both men and women (though primarily targeted at women) escape from a poverty trap is microfinance. Numerous studies about microfinance have been published, all of which seem to present a different perspective on whether the program is actually effective. One interesting study conducted in 2006 by Mark Pitt, Shahidur

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