The Central Bank of Ecuador has a fund of $ 10 million in conjunction with BanEcuador to promote women’s ventures, especially those that are victims of violence. This was highlighted in Cuenca by the Central Bank of Ecuador’s manager, Verónica Artola.
The official showed statistics that reflect inequality, in the framework of the event “Equitable economy from a gender perspective”, which was held on May 2 at the University of Cuenca, with the participation of students and people linked to the economic sector.
She said that women are less likely to be employed than men. The world average of unemployment is 5.5% among men, while among women it reaches 6.2%. She also noted that women are 10% less likely to access a loan in a financial institution.
Artola indicated that in Ecuador, 67.6% of women do not have adequate employment, a figure that is reduced by 17% when analyzing the male panorama. “This means that women are in informal jobs and we are less paid than men,” said the manager.
She also announced that the labor income of men is 1.25% times more than that of women, “even doing the same job”.
Added to this is the difference in the time that men and women devote to unpaid household activities. For example, to take care of children, clean the home, among other similar activities, they register 13.9% of their free time, while women occupy 40.4%.
To reduce these gender gaps, the government promotes policies for women, such as access to credit. This opportunity allows them to be “independent” or to generate their own sources of work and to depend less on men.
Carmen Solórzano, president of the National Network of Popular and Solidarity Finances of Ecuador, explained that 95% of the members of the Agroecological Integration Network and the EPS are women who undertake associative production and marketing and that their results benefit to 1,200 families from azuay. (I)