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Business

80% Pakistani Women Don’t Know How to Procure Business Loans

by Ayesal A September 29, 2022
written by Ayesal A September 29, 2022
LEADHers
IMG 20220929 WA0054

According to a shocking report, 80% of Pakistani women do not know how to procure business loans.

This information was highlighted during a session of civil society activists and news reporters at an event hosted by Oxfam International.

This data came forth after the launch of 4 research reports which highlighted issues faced by women and the need to implement rules to overcome those challenges.

Adaptive-Tec

The session highlighted an overview of key women’s issues in Punjab, Khyber Pakhtunkhwa, and Baluchistan.

The research pool comprised 1,000 women who were interviewed during a span of 2-3 months.

Moreover, it was also found that just 1/4th of women (26.6%) have the authority to spend their earnings independently while the rest are pressured into giving up on their financial independence by their families.

In Lahore, women are most aware of their right to inherit and have the confidence to obtain it. They account for 76.4 percent. Pay disparities are 86.4 percent in Lahore and 90.3 percent in Peshawar.

On the other hand, a whopping 80% of women were unsure with extremely little to absolutely no knowledge on how to obtain business loans, while 75.1 percent of women requested training and assistance in using computers in the country.

Furthermore, 56% of women shared that they purchased food on credit/borrowed money from non-relatives, while 43% were unable to pay their children’s educational fees, and 17% had to withdraw their children from school.

The reports also highlighted that 75.1% of women requested training and assistance in using computers in the country. This shed a spotlight on the importance of having a smartphone so that women can find out how much money they are entitled to.

Another report highlighted the vulnerabilities of home-based workers and the need to equip them with technology to reach out to people.

Do you agree with the statistics? Share your thoughts with us in the comments below.

Stay tuned to WOW360 for more news and updates.

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