MANILA, Philippines — The coronavirus pandemic has disproportionately and negatively affected women entrepreneurs in the Philippines, highlighting the need to arm them with the digital know-how and access to financing in able to survive.
A report prepared by the International Finance Corp. (IFC), a sister organization of the World Bank, in partnership with online selling platform Lazada, said that sales of women-owned businesses in the Philippines shrank by 27 percent in 2020 following the hard times caused by the pandemic-induced economic recession.
Two-thirds of sellers in the app’s Philippine marketplace were women, who ventured into online selling last year as they lost their o…
Keep on reading: Pandemic toll heavier on women entrepreneurs