HSBC: Opens $1 billion lending fund for female entrepreneurs
- HSBC announces the launch of a Female Entrepreneur Fund which will provide US$1bn in lending to female-owned businesses
- This comes alongside the introduction of the Roar initiative, which enables female entrepreneurs to access
- These initiatives aim to break down the barriers faced by female entrepreneurs and provide the infrastructure
- Access to funding remains one of the biggest hurdles for female business leaders worldwide
- Boston Consulting Group estimates closing the gender gap for women-led businesses could boost global GDP by US$5 trillion[iii]
- The Female Entrepreneur Fund will be open to both new and existing customers across 11 markets[iv]
