Unlocking Potential: UN Launches $1.7 Million Initiative to Empower Afghan Women Entrepreneurs

Women entrepreneurs in Afghanistan are facing serious challenges, including a lack of funding and limited access to markets. The United Nations has launched a $1.7 million program aimed at supporting 1,500 women entrepreneurs.

Economic Obstacles for Women Entrepreneurs in Afghanistan

A group of women entrepreneurs in Afghanistan, despite possessing necessary skills and experience, is grappling with significant issues such as inadequate funding and lack of access to markets. These obstacles are considered major barriers to the growth of their economic activities.

Financial Support for Women Entrepreneurs

The United Nations Development Program (UNDP) and UN Women have announced the launch of a $1.7 million initiative designed to provide financial and professional support to nearly 1,500 women entrepreneurs. This program will include training in financial literacy and digital skills, as well as assistance in accessing markets.

Challenges in Accessing Financial Services

According to a joint statement from UN agencies earlier this month, only seven percent of Afghan women have access to banking services or mobile money, with most relying on personal savings, asset sales, or loans from family members.

Growth of Licensed Women Traders

Data from the Afghanistan Chamber of Commerce and Industries indicates that in the past five years, the number of women holding official business licenses has surged to approximately 10,000, a fourfold increase. Additionally, nearly 100,000 other women are engaged in traditional and informal work. However, officials from this chamber point out that limited access to domestic and international markets remains a primary challenge for these women, with many only able to meet the basic living expenses of their families.