According to a new study by the No Ceilings initiative of the Bill, Hillary & Chelsea Clinton Foundation, a woman in Nigeria is four times as likely to be an entrepreneur than a woman in the U.S.
The info-graphic above published on their website shows that 41% of women in Nigerian are entrepreneurs, making Nigeria the country with the highest number of female entrepreneurs. 42% of these women are shown to have received loans from family and friends to start their businesses while only 2% have received from financial institutions.
Below is the note that accompanied the infographic;
Female entrepreneurs are on the rise. Particularly in Sub-Saharan Africa and Latin America, women are making significant contributions to the surge of entrepreneurial activity in their countries. As women make gains for their communities and economies at large, they often receive financial support from family and friends more often than from formal financial institutions, such as banks.