“…The first 3 Ms, markets, money and management, are considered as fundamental "building blocks" for viable business (Bates et al, 2007;Brush et al (2009)). An increasing number of empirical studies found that women are in a disadvantaged position in relation to the accretion of entrepreneurial resources (Jayawarna et al, 2015), education (Carter et al, 1997), managerial skills (Zolin et al, 2013), social and professional networks (Jayawarna et al, 2015), finance (Freel et al, 2012) and market, money and management (Woldesenbet Beta et al, 2022). For example, growing evidence exists that shows the gender gap in access to finance (Klapper and Parker, 2011), women are less likely to be financed from formal financial institutions (Aterido et al, 2013) and that they rely more on internal or informal credit.…”