Young women entrepreneurs say financial institutions need to swiftly review regulations regarding access to loans in a drive to support youth-run business ventures.

Prisca Chipao, Sector leader for Commonwealth Business Women in Malawi said they realizing inclusive economic growth depends on finance institutions aligning regulations to boost young women businesses.

She cited financial institutions’ collateral requirement when issuing loans as one major drawback for young women entrepreneurs.

Chipao also suggested financial institutions should consider partnering with young business minds keen on making a huge mark in business.

This, she noted, would give room to young women entrepreneurs to build capacity and have sustainable financing.