Most Senegalese women-led businesses are micro-enterprises, yet many have tremendous potential for growth. Low literacy rates (only 29 percent for adult females) and lack of access to finance are top constraints to business growth. A study by Fundera, a global financial resource for small businesses, reveals that women entrepreneurs are more likely to face higher interest rates, be required to collateralize a higher share of the loan, and have shorter repayment terms compared to their male counterparts.