Cross-sector partnerships and digital products are empowering women-led businesses to help advance an equitable economic recovery.
By Payal Dalal, Luz Gomez & Avni Patel
In December 2019, Pham Phuong Thao set up a small shop selling flowers and ornamental plants in her home district in northern Vietnam. Four months later, the pandemic hit, devastating her fledgling storefront business.
Despite the challenges, Thao was able to secure one of the things that hold many women back — affordable financing. “As we are a young family, we have no collateral, and it was very difficult to mobilize cash flow,” says Thao. “It is extremely difficult to access loans from commercial banks.”
Since 2011, SAMBAZON has donated $410,975 to Whole Planet Foundation to fund 9,795 microloans and created 53,392 opportunities for low-income entrepreneurs – mostly women. We welcome SAMBAZON this year to the $25,000 Poverty is Unnecessary Fund and look forward to continuing our work together towards our collective mission of empowering people to change their own lives.
Under normal circumstances, many people around the world face discrimination around menstruation as well as difficulty obtaining hygiene supplies, either due to unaffordability, lack of access or inadequate information.
Kristin Meekhof is the author of A Widow’s Guide to Healing, who after meeting microcredit clients in New York, is donating $1 per book sold to alleviate poverty through Whole Planet Foundation. Here’s why.
Q: What inspired you to start writing and start supporting Whole Planet Foundation?
Principal Foundation contributed more than $200,000 to match loans made on International Women’s Day, through Kiva to support women entrepreneurs around the globe. These micro loans, which reached 4,800 women in 30 countries, provide women business owners the capital they need to fund their businesses, support their communities, and empower them to build financial security on their terms. #InvestInHer
Marie Claire Editor-in-Chief Sally Holmes joins Pro Bono Perspectives host and Common Impact CEO Danielle Holly for a peek behind the scenes at the iconic brand, including insights into the new topics and editorial direction they’re taking on and a closer look at some of the powerful women making headlines in the US and around the world.
Investing in women entrepreneurs is vital part of our global economy
More women are turning to entrepreneurship, and according to Herbalife Nutrition’s second annual Global Entrepreneurship survey, 72 percent of women want to open their own business. Women entrepreneurs create a source of income for themselves and their families. They are a vital part of our world's economic engine that society needs to support with flexible opportunities, mentorship, and access to capital.
Close to 90 percent of men and women hold some sort of bias against women according to analysis in UNDP’s Gender Social Norm Index (GSNI) released earlier this year – providing clues to the invisible barriers women face when it comes to achieving equality.
Women-led businesses, for instance, are particularly hard hit by the pandemic as they face structural barriers, limited access to finance, and information asymmetry.
Extends effort beyond 500 million financially included over the past five years. Maximizes technology, partnerships to deliver aid, insights and access to businesses and communities. Blends support of economic and health well-being.
PURCHASE, NY., April 30, 2020 /3BL Media/ -- The health and economic consequences of COVID-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted.