Even before a global pandemic pushed millions of women out of jobs and millions of girls out of school, female economic security was far below that of their male counterparts. Globally, women make 77 cents for every dollar earned by a man, and according to a January 2020 Oxfam report, men own 50% more wealth than women.
The funding gap has been even worse for female-founded businesses. The World Bank estimates that while women-owned enterprises account for more than 30% of registered businesses worldwide, only 10% of female entrepreneurs have enough capital necessary to grow those businesses.
By Maggie McGrath Forbes Staff ForbesWomen I write about women who run companies, countries and currencies.