From Forbes/Written by Geri Stengel

 

A vast majority — 85 percent — of micro through medium size enterprises in emerging markets suffer from a lack of access to credit, according to the International Finance Corporation and McKinsey. When an African female entrepreneur can’t borrow money, she must rely on her own limited savings to invest in her business, which limits her prospects.

Some would think this is an insurmountable problem, but not Kate Woska, an entrepreneurial bank analyst who wanted to do good.

Woska researched the market to understand what was working and what wasn’t. She learned about the players in the sector. She learned about the marketplace trends that were impacting the sector, including use of mobile. In developing regions, the adoption rates of mobile are growing faster than access to TV or electricity.

Read more at Forbes