Women Entrepreneurs in Latin America

July 18, 2019

According to a GEM report, (Global Entrepreneurship Monitor), there are 128 million women in charge of established companies (of all sizes) in the world. The gender gap in the entrepreneurial world has decreased by 30% globally and INC says that over the past 20 years, the number of women-owned firms has increased by 114%.


In the study that GEDI (Global Entrepreneurship and Development Institute) produced, called Female Entrepreneurship Index, they explained that “61%, 47 of the 77 countries analyzed, received a score lower than 50% in their competitiveness of female entrepreneurship, but as part of the countries that passed the test in Latam, figure Chile (ranked 15), with a special mention about his performance as leader of Latam, and Colombia (ranked 29). Both are followed on the list by two other countries slightly below 50%: Uruguay (35th place) and Peru (38th place).


38% of micro-entrepreneurs in Chile are women. Of a total of almost 2 million entrepreneurs in the country, more than 700,000 represent the female gender. This was confirmed by a study published by the BBVA Microfinance Foundation.




BBVA also states that “According to the eighth annual conference of the network of women entrepreneurs launched by Dell, among the 50 best cities for women to undertake, two (Sao Paulo and Lima) are in South America, while Mexico has two others: Guadalajara and Mexico City. A classification based on areas such as reputation for innovation and entrepreneurship centers that have different cities”.


A report from Fondo Multilateral de Inversiones (FOMIN) collects information to better understand them and to explore common aspects of women whose companies have experienced high levels of growth, the report analyzes cases from nine countries in the region, and includes data regarding the average profile of Latin American entrepreneurs:

  • They started their companies driven by opportunity, not by necessity.
  • They are between 30 and 39 years old, live with their partner and have two children on average.
  • They come from families with an entrepreneurial background.
  • Currently they belong to a high or medium-high socioeconomic level.
  • They have a university degree (bachelor's degree or equivalent degree).
  • They trust in their "business sense" and in their technical preparation to start a business.
  • They usually undertake in traditional or mature sectors.
  • They start with the idea of ​​consolidating their enterprise as a medium or large company within their country.
  • They are majority owners of their companies and / or obtain funding through their family and friends.
  • To reconcile the multiple roles that society expects from them, they rely on their closest circle (couple, family and friends).
  • They want to continue growing their company and would be willing to do everything in their power to take it to the next level.
  • In order to expand their companies, they must face certain challenges such as lack of financing, fear of failure and conflict between the multiple roles they play.

How can you get close to these women in Latin America? With our help! One of the services that Infinitus offers you is to connect your business to other commercial partners or distributors in new markets, presenting your product or service to them and building strong partnerships.