Women have more difficulties than men in accessing the financial system due to limited access to property or assets, as well as sociocultural prejudices regarding being subject to credit, which is why the National Government encourages employment and financial access, vice president Maria Alejandra Vicuña said yesterday.
“As a Government, we are clear that supporting women’s entrepreneurship generates a spiral of development and wealth for the country,” said the Second President during the International Meeting for an Equitable Economy from the Gender Perspective.
For its part, the manager of the Central Bank of Ecuador (ECB), Verónica Artola, stressed that access to productive credits by women is one of the basic components for financial inclusion. She also explained that access to resources allows women to negotiate within households and therefore if their access to credit is limited, negative effects are generated on their productivity and well-being.
Artola said that Ecuador presents indicators of inequality between men and women regarding salary issues, access to credit and labor participation.
For example, women in the country have a greater chance of being unemployed and have a 10% less chance of accessing a loan.
On the other hand, 67.6% of women do not have access to adequate employment and 40.4% perform unpaid work, which allows establishing a type of gender violence.
For this reason, the official stressed that as a public policy the State should promote gender equity in all areas of society and enable access to credit to women.
One of them is the promotion of lines of credit for which it promotes the construction of a National Plan for Financial Inclusion. He also recalled that there is a commitment to expand and diversify credit, and support for women’s entrepreneurship by public banks. (I)