The Role of Socio-Economic Support Systems in Promoting Women Entrepreneurs' Sustainability

Abstract

The sustainability of women entrepreneurs is integral to inclusive economic growth and reducing societal inequalities, with socio-economic support systems playing a pivotal role. This study examines the impact of financial services, mentorship programs, and community networks on the sustainability of women-owned enterprises, using data from 144 women entrepreneurs in diverse socio-economic settings. A structured survey captured variables such as access to financial support, mentorship participation, community engagement, and business sustainability indicators, including revenue stability and business longevity. Findings revealed that financial support systems, such as microcredit programs and grants, significantly enhance business stability and growth. Mentorship and training programs were found to improve entrepreneurial resilience, business management skills, and adaptability to market fluctuations. Community and familial networks emerged as critical non-financial resources, providing emotional support, resource sharing, and localized market access. However, systemic barriers, including limited access to formal support systems, were identified as challenges. The study highlights the multifaceted contributions of socio-economic support systems, where financial services address capital needs, mentorship fosters skill development, and community networks offer culturally sensitive support. The findings underscore the need for integrated strategies that combine financial, educational, and community-driven initiatives to promote entrepreneurial sustainability. Policymakers and practitioners are encouraged to develop tailored programs to strengthen formal financial structures, expand mentorship networks, and enhance community engagement. Addressing systemic gaps is imperative to fostering long-term entrepreneurial resilience and achieving sustainable growth. Future research should explore the longitudinal impact of these support systems on entrepreneurial performance and broader socio-economic development.