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    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for star

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    As women entrepreneurship plays an important role in the development and growth of developed countries, the importance of promoting women in economic activities is being increasingly realized in all developing countries, too. Empowering women by bringing them into the mainstream of development and by improving their economic status and providing them with new employment opportunities for income generation, self-employment and entrepreneurship in different socio-economic sectors is noticeable.

    Experience demonstrates that there are a large number of women in most developing countries, capable of and willing to be involved in economic activities. An important tool of women empowerment is micro credit, which has been accepted as an effective tool for poverty alleviation and an approach to development. Micro credits have become exceptionally popular especially in developing economies.” A specific solution for solving women’s difficulties in obtaining financing has been micro financing. Micro finance appears therefore to offer a “win-win” solution, where both financial institutions and poor clients benefit (Murdoch, 1999). “

    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for start

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    velopment and by improving their economic status and providing them with new employment opportunities for income generation, self-employment and entrepreneurship in different socio-economic sectors is noticeable.

    Experience demonstrates that there are a large number of women in most developing countries, capable of and willing to be involved in economic activities. An important tool of women empowerment is micro credit, which has been accepted as an effective tool for poverty alleviation and an approach to development. Micro credits have become exceptionally popular especially in developing economies.” A specific solution for solving women’s difficulties in obtaining financing has been micro financing. Micro finance appears therefore to offer a “win-win” solution, where both financial institutions and poor clients benefit (Murdoch, 1999). “

    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for star

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    ost developing countries, capable of and willing to be involved in economic activities. An important tool of women empowerment is micro credit, which has been accepted as an effective tool for poverty alleviation and an approach to development. Micro credits have become exceptionally popular especially in developing economies.” A specific solution for solving women’s difficulties in obtaining financing has been micro financing. Micro finance appears therefore to offer a “win-win” solution, where both financial institutions and poor clients benefit (Murdoch, 1999). “

    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for star

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    popular especially in developing economies.” A specific solution for solving women’s difficulties in obtaining financing has been micro financing. Micro finance appears therefore to offer a “win-win” solution, where both financial institutions and poor clients benefit (Murdoch, 1999). “

    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for star

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    Women in Africa today represent 52% of population that is 805 million. Therefore, they should be seriously considered and investment made towards their education as well as in their employment in the formal sector of the economy. Micro credits are especially important for starting their own businesses, considering the increasing interest among women who tend to become or already are entrepreneurs. Studies of Yoruba women in Nigeria, has revealed all of the attributes of women entrepreneurs. These women have been engaged in commercial or trading activities since pre-colonial times (Akinwumi, 2000). Akinwumi mentioned two types of women entrepreneurs: “Aljapa” (who are itinerant traders) and “Alarobo” (who are described as petty traders). Actually, they are described as very prudent businesswomen. These women have started to take important political positions in their environments, thus increasing their status and positions due to the wealth gained through trading activities. Interestingly, these women entrepreneurs started micro or small businesses with minimum finances and without sufficient knowledge about new businesses. This research also shows that women develop their businesses but mostly in informal sector with certain exceptions.

    According to United Nations Development Program (UNDP), 2004, it could be concluded that Africa has only 6% of female work force on higher positions, like man

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