This is especially true in countries where women lack crucial assets (e.g., experience, capacity, cash flows, collateral) that are valued by lenders, as well as in countries where there is a cultural bias against women’s ability to be business owners (OECD, 2012). Although participation in formal banking has improved in Mexico, access to formal credit remains low for both men and women. Although micro, small, and medium-sized enterprises account for almost all of the companies in Mexico, the financing they receive is quite low in comparison to larger firms, and the interest rates for these smaller companies tend to be higher than what their levels of risk should imply (CONAIF, 2016).