Need For More Women Entrepreneurs To Partake In Bhutan’s Economic Development

Email

The 2018 Global Gender Gap Report has ranked Bhutan 122nd out of 149 countries on a global index.

Pema Choden Tenzin is the owner and editor of Yeewong Magazine. (Source: Facebook/Yellow Bhutan)

  

By Sonam Pem BBS 

Despite a significant rise in the number of Bhutanese women entrepreneurs, they still lag behind compared to their male counterparts.

According to a study conducted on the growth of ‘Women Micro and Small Enterprises’ last year, the increase is largely in numbers but not in terms of business innovation and progression.

Results of the study

The study mentioned that women-owned and managed only 35.5 % of the registered micro, small and medium enterprises as per 2016 Department of Cottage and Small Industries (DCSI) report.

While the number is a considerable accomplishment, a huge number of women still operate their enterprises informally and at the micro level. And this remains a major concern as per the study.

“The majority of the people engaged in entrepreneurship are in the unorganised sectors which are often referred to as the informal sector. So when you are talking about the informal sector, there is no documented data,” said Damchoe Dem, the CEO of the Bhutan Association of Women Entrepreneurs (BAOWE).

 

Source: Bhutan Association of Women Entrepreneurs

 

“If you look at the engagement of women, mostly women are entrepreneurs but what are they doing? Had they succeeded? There’s no data. How will you go forward without data, how do you know you have succeeded?”

The study has found that the main motivation for women to participate in economic activities is not only to earn a livelihood, but also to enhance their social and economic status.

Hurdles which need to be overcome

According to the study, obstacles that need immediate attention are: poor access to finance, labour shortage, inadequate business skills, competitions among similar enterprises, lack of proper business premises, lack of formal education and lack of training opportunities.

“We need to create a formal platform, where women can come and drop in with their questions, where they can sit in the comfort of a friendly environment and discuss our issues and our problems. I think it will go a long way in solving problems because of networking,” said Damchoe Dem.

 

 

Photo: 2018 Global Gender Gap Report

 

The study suggests that there is need to close the gap between men and women, in terms of their economic participation and achievement.

It is also important to promote formal economic entrepreneurship among women and facilitate their advancement from micro-enterprises to small and then towards medium and large enterprises.

Insight from the 2018 Global Gender Gap Report

The 2018 Global Gender Gap Report has ranked Bhutan 122nd out of 149 countries on a global index.

The Global Gender Gap report provides a comprehensive overview of the current state of the global gender gap as well as the efforts and insights required to close it.

 

Photo: 2018 Global Gender Gap Report

 

In terms of economic participation, opportunity and political empowerment, Bhutan ranked 104th and 138th respectively.

This means that gender disparity still exists in terms of opportunities and participation in economic activities and political empowerment.

In a bid to attain a more gender-balanced world, this year’s International Women’s Day encourages a 'balance between men and women' in all aspects.

In Bhutan, it is economic participation and opportunity that calls for a balance.

This is largely because women’s economic participation holds huge potential in addressing a host of national development issues such as poverty, unemployment, inequitable distribution of wealth and imbalanced regional development.

 

This article first appeared in BBS and has been edited for Daily Bhutan.

 


Related Posts

RENEW’s Microfinance Loans Empower Women In Rural Regions Of...

Most women in the rural communities do not have access to financial services but this initiative has been a turning...

Jan 23, 2019 18:02

Bhutan's Drukair Celebrates International Women’s Day By...

It is the first time in the history of Bhutan’s aviation industry that a flight has been handled by an all-female crew.

Mar 10, 2019 21:27

Founder Of ‘Sushi’s Candles & Crafts’ Wants To Inspire More Women...

Sushanta wants to set a shining example for more women in Bhutan to fulfil their dreams of starting their own...

Jan 05, 2019 15:19

Celebrating Bhutan's Entrepreneurs: Tshewang Dema Of Tshejor's...

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 02, 2019 19:59

Celebrating Bhutan's Entrepreneurs: Thinley Yangzom Of Bhutan...

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 07, 2019 20:26

Bhutanese Bakery 'Rolling Pin' Boost Sales With Social Media

Using social media, Rolling Pin's products have been selling like hot cakes.

May 09, 2018 15:12

Latest

News

Ten Years Since The Inception Of Democracy, Bhutan Has Made Steady Progress In Human Development

The National Human Development Report highlights positive results during ten years of democracy in Bhutan.

Mar 21, 2019 15:08

Tiger Numbers Increase In Bhutan

As the world tries to double tiger number from where it was in 2010, Bhutan’s increase in tiger numbers shows that at least one country is...

Mar 19, 2019 14:18

Features

National Geographic Photo Camp Team Trained Some Bhutanese On Story-telling Through Photography

Around twenty participants were trained on story-telling through photography at a photo camp from 9-14 March.

Mar 23, 2019 16:08

Bhutan Addressed Climate Change Concerns With Foreign Delegates At The 14th Round Table Meeting

Prime Minister Dr. Lotay Tshering said at the Round Table Meeting that climate change is real and efforts must be made to reduce its impact.

Mar 22, 2019 18:45

Sports

Bhutan To Hold First 'Sports And Culture Festival' For Runners And Cyclists

There are two tiers to the event, comprising of a full-race distance of 50km and a half-race of 25km.

Mar 06, 2019 17:14

Bhutan’s HRH Princess Eeuphelma Choden Wangchuck Attended The General Assembly of the Asian Paralympic Committee In Dubai

The General Assembly is the highest decision making body of the Asian Paralympic Movement.

Feb 08, 2019 18:15

Business

Celebrating Bhutan's Entrepreneurs: Sonam Choki of Bhutan Herbal Tea

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 24, 2019 19:15

Celebrating Bhutan's Entrepreneurs: Sonam Lhamo Of Bumthang Milk Processing Enterprise

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 18, 2019 10:19

Travel

The Magical Waters Of Gasa Tsachu – A Popular Hot Spring In Bhutan

While most people visit the hot spring in the hope that it could cure them of various ailments, it has become an annual visit for many to...

Mar 25, 2019 14:38

Tourists Visiting Bhutan Can Look Forward To Exciting Heli-Biking And Heli-Hiking Services

Heli-Biking and Heli-Hiking services are in the pipeline to attract more tourists to visit the remote parts of Bhutan.

Mar 20, 2019 20:18

Lifestyle

Food Review: Cloud9 Cafe & Bar

Cloud9 has always been known in Thimphu for dishing out handcrafted gourmet burgers.

Mar 09, 2019 09:44

Tshering Zangmo Represents Bhutan At The 5th Young Chef Olympiad In India

Tshering Zangmo has successfully made it to round two of the Olympiad.

Feb 04, 2019 16:35

Subscribe to our newsletter

Never miss out on new happenings and news stories!