{"id":176973,"date":"2023-06-19T08:09:47","date_gmt":"2023-06-19T12:09:47","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=176973"},"modified":"2023-06-19T08:09:47","modified_gmt":"2023-06-19T12:09:47","slug":"practical-strategies-to-empower-women-led-businesses-in-the-caribbean-revealed-at-cdb-presidents-chat","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/practical-strategies-to-empower-women-led-businesses-in-the-caribbean-revealed-at-cdb-presidents-chat\/","title":{"rendered":"Practical Strategies to Empower Women-led Businesses in the Caribbean, Revealed at CDB President&#8217;s Chat"},"content":{"rendered":"<div id=\"antig-3534196521\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-1269410139\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"ce741a73-c70c-446b-af7f-da2abe2b62bb\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><div align=\"justify\">Creating gender-focused and national inclusion policies,\u00a0providing technical assistance, greater awareness of financial opportunities, and incorporating business skills into primary education were highlighted as practical ways to increase opportunities for access to finance for women-led enterprises in the Caribbean at the fourth edition of the Caribbean Development Bank\u2019s (CDB) President\u2019s Chat, at the Sir Arthur Lewis Community College in Saint Lucia, on Friday, June 16, 2023.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">The President\u2019s Chat, with CDB President,\u00a0Dr Hyginus &#8216;Gene&#8217; Leon, under the theme \u201cInnovative Financing for Women\u201d, aimed to demonstrate how to feasibly and practically provide access to finance for women-owned or led micro small and medium enterprises (MSMEs) on a sustainable basis.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Dr Leon\u00a0was joined by female executives from regional and international financial institutions including\u00a0Ms. Karyl Akilian,\u00a0Director of Marketing and Business Development, Financial Alliance for Women, in the United States,\u00a0Mrs. Sandra Reifer-Wallerson, Senior Manager, Retail, Republic Bank Barbados, and\u00a0Ms. Ashley Outten, Financial Controller, Bahamas Development Bank.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">The event was moderated by\u00a0Ms Sunita Daniel,\u00a0Chief Executive Officer, Export Saint Lucia.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">The discussion targeted policy and decision-makers to provide guidance on actions to improve the enabling environment, as well as women in various spheres of business, seeking to learn how to access finance. Globally, 54 percent of the 1.4 billion adults that are unbanked are women, placing limitations on their ability to access credit.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">CDB\u2019s Gender Assessments for 10 of its Borrowing Member Countries revealed that in the Caribbean, women face barriers such as limited access to collateral, business networks, and information, while women-owned MSMEs are also smaller in size and growth potential.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Ms Akilian\u00a0pointed out that while women face greater hurdles from financing institutions in accessing loans, the perceived risk of financing women-owned businesses was higher than the data supports.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">\u201cWomen have lower non-performing loans; they have equal or better product per customer rate and have higher lifetime value. Most of the reasons women are penalised are factors they cannot control,\u201d she said.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Ms Outten\u00a0noted that a key hurdle that women faced in accessing loans was meeting the collateral requirements, as well as discriminatory policies that include the number of children they have and the belief that being married means women have greater stability.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">\u201cWe don\u2019t have data to determine the perfect product for a woman-led business,\u201d\u00a0she explained.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Highlighting the need for a whole-of-society approach to changing strategy,\u00a0Dr Leon\u00a0said that regional development would only proceed with the embracing of a knowledge-creation process based on evidence.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">\u201cWe need a financing ecosystem that will not only develop markets but develop instruments for purpose and that can promote that ecosystem going forward,\u201d\u00a0Dr Leon\u00a0said, adding that incorporating business management skill teaching into primary school education was one solution to bridging the knowledge gap.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Meanwhile,\u00a0Ms Akilian\u00a0suggested a three-pronged approach:\u00a0\u201cInvolving women needs to be included at the policy level, the private sector level, and the end-user level,\u201d\u00a0she said.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Mrs Reifer-Wallerson\u00a0encouraged women to be fearless in accessing opportunities.\u00a0\u201cFar too often ladies sit there and think \u2018It\u2019s not going to work out for me\u2019, but women marginalise themselves because we think we\u2019re not going to be successful,\u201d\u00a0said Reifer-Wallerson.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">This sentiment was echoed by\u00a0Ms Outten:\u00a0\u201cDo not wait until the perfect scenario because you are going to miss some opportunities along the way. Do it now!\u201d\u00a0she said.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">The President\u2019s Chat is part of the schedule of activities being staged for CDB\u2019s 53<sup>rd<\/sup>\u00a0Annual Meeting, currently underway in Saint Lucia. 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opportunities, and incorporating business skills into primary education were highlighted as practical ways to increase opportunities for access to finance for women-led enterprises in the Caribbean at the fourth edition of the Caribbean Development Bank\u2019s (CDB) President\u2019s Chat, at the Sir Arthur Lewis [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":176981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-176973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Practical Strategies to Empower Women-led Businesses in the Caribbean, Revealed at CDB President&#039;s Chat - Antigua News Room<\/title>\n<meta name=\"robots\" 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