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