In 2009, armed for the first time with a business strategy and newfound confidence, she successfully applied for two loans to purchase new equipment, upgrade her facility and hire staff. Gircilene's business revenue has now increased by 900% and her team has expanded to 45 employees, most of whom are women.
Gircilene from Brazil was able to grow her business after graduating from the Goldman Sachs 10,000 Women program, and is just one example of what is possible when ambitious women entrepreneurs have the resources and capital they need to grow their businesses. We are encouraged by these stories and the many organizations, institutions and innovative public private partnerships that are working around the world to empower women entrepreneurs and address the challenges they face in growing their businesses. But extensive research shows that access to capital still remains the biggest obstacle to the growth of women-owned SMEs."
Read article by Jin-Yong Cai from The World Bank.