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Banks don't accept movable for collateral (Risky (No Credit History…
Banks don't accept movable for collateral
Women don't have access to secure loans
Risky
No Credit History
Informal Market
If SME still in informal market, SME is not recognized by government
Banks can't refer back to government
Microcredit is not usually recorded
Many women start their entrepreneurship using microcredit
Views on Women applying for loans
Seen as homeworker
Economic circumstances
Cultural Stigmas
Hard to Value
Many variables going into value of collateral
But banks are much more focused on getting the loan paid back rather than going for collateral
No System
No database to track collateral
No Registry
Don't have resources
Capital
Private Registry
not enough investment
Multiple Registries will reduce efficiency and increase likelihood of fraud
Public Registry
Not enough political will
Not much existing technology infrastructure to build off of (not everyone has internet access, a computer, etc.)
Hard to Set Up
Internet Submissions
Lack of internet access
Could use Paper Submissions
Paper Submissions become too cumbersome and disorganized to work in the real world
Lack of Laws
Need to legally recognize movable collateral
Banks aren't able to choose what collateral to recognize
Hard to enforce