Greater barriers to accessing entrepreneurial support services

Indigenous people, African descendant persons, persons with disabilities, and LGBTQ+ persons in Latin America and the Caribbean have greater barriers accessing entrepreneurial support services. For example, in Brazil, the majority of low-income micro-entrepreneurs do not have access to productive credit, something that is particularly true for African descendant people: 37% had their loan requests denied, a percentage that, for whites and mestizos, stands at 28.6% and 23.1%, respectively. They also pay higher interest rates. Mexico has a similar financial inclusion gap, with only 21% of indigenous persons and 21% of African descendants using banking services, rates that are far lower than the financial inclusion rate for those who identify themselves as white or mestizos. How can we move forward on this agenda? Use our GDLab investigations search tool to learn more.