Archive for the ‘Finance’ Category.

Women Owned Businesses in Jamaica

Yaneek Page is president of the Women Business Owners (WBO) association in Jamaica.  WBO was founded in 2003 to foster and promote the success of women business owners through education, research, mentorship and education.

In 2005-2006 Women Business Owners (WBO) Jamaica completed a study of women and family owned business in Jamaica (the survey counted 2,916 family-owned businesses (FOBs) and 1,718 owned by women (WOBs)). The study was done in partnership with the Jamaica Conference Board, the Bank of Nova Scotia Jamaica Ltd., the United States Agency for International Development and Mona School of Business at the University of the West Indies. The themes covered in the study included the business characteristics, business leadership, business relationships, succession and resource planning, and governance and citizenship. The key findings from the study were:

  •  There were 315 operations categorised as both FOBs and WOBs, largely based on the uncertainty of respondents attached to those businesses.
  • The highest number of FWOBs, approximately 1,512, was recorded in the Kingston and St. Andrew metropolitan area, skewed 60 per cent to FOBs; followed by St. Catherine with 1,308; and St. Ann with 449.

Building on this report, WBO has recently launched a program with Scotiabank Jamaica and the Inter-American Development Bank to support businesswomen who seek to grow their enterprises.  Under the new endeavor, Scotiabank has set aside J$300 million for members of WBO who need working capital, re-tooling of processes, upgraded technology, and other investments needed for growth.

The executive summary which is reproduced here, details in point form the main findings of the study: Continue reading ‘Women Owned Businesses in Jamaica’ »

CIPE Entrepreneurship Update

Zimbabwe - CIPE’s partner the Women’s Alliance of Business Associations in Zimbabwe is hosting a series of breakfast meetings called ‘Breaking Financial Barriers to Success’ for women entrepreneurs as part of ongoing efforts to empower women entrepreneurs in Zimbabwe. Twenty two participants attended the meeting and interacted with a series of presenters, which included the Director of Women Affairs and Gender and Community Development, Research Manager for FBC Bank and the Business Development Manager for Micro King Finance. The Meeting was attended by the Zimbabwe Broadcasting Corporation (ZTV) which aired footage during the nightly news. CIPE is supporting WABAZ to empower women entrepreneurs in Zimbabwe through technical assistance, advocacy, and research on issues affecting women in business.

Comment here or share a message with the Community of Women Entrepreneurs: partners@cipe.org

The Coca-Cola Company Hopes to Empower 5 Million Women by 2020

In a blog featured on the www.businessfightspoverty.org website, Dr. Susan Mboya, Group Director for Eurasia Africa Women’s Economic Empowerment at the Coca-Cola Company, describes a recent event on the economic empowerment of women, as well as her company’s work in supporting women through their value chains. The Coca-Cola Company’s own micro distribution center (MDC) model allows women to establish small, independently-owned, and low-cost distribution businesses within their value chain to serve urban and peri-urban retail markets. Programs like the new 5BY20 initiative seek to empower 5 million women entrepreneurs throughout Coca-Cola’s global system by the year 2020.

Continue reading ‘The Coca-Cola Company Hopes to Empower 5 Million Women by 2020’ »

Workshop on Financing Issues of Women Entrepreneurs

The Development Finance Support Unit, SBPBSC-Lahore arranged a workshop on the financing issues of Women Entrepreneurs on 9th March, 2010 at SBPBSC Lahore. The purpose of arranging this workshop was to discuss the finance related issues of women entrepreneurs with the senior representatives of banks extending SME finance in the Lahore region. In this workshop, the senior officials from the banking sector, chambers of commerce & industry and other relevant institutions participated and shared their views and experiences.

The unique feature of this workshop was that the women entrepreneurs who have actually faced difficulties in obtaining loans from banks shared their problems particularly with the banks whereas the senior bankers discussed their viewpoint in assessing SMEs for a loan and gave clarification on certain issues. The workshop was conducted in the form of the following presentations delivered by various stakeholders to discuss their points of view on the financial problems of women entrepreneurs/SMEs, the impact of finance on their earnings and policy recommendations.  

Continue reading ‘Workshop on Financing Issues of Women Entrepreneurs’ »

Commercial Loans for Pakistani Women Entrepreneurs

“At the CIPE’s business policy roundtable on Women Entrepreneurship Development held in January 2007, one of the major impediments for women entrepreneurs identified by the participants was the ability to access finance through banking channels.”

Read Hammad Siddiqui’s update on expanding access to finance in Pakistan, posted on the CIPE Development Blog.

Bank Campaign for Business Women

Starting from May 2008 a private bank active on the Romanian market, Credit Europe Bank, has decided to get involved in supporting business women. It launched a campaign dedicated to women entrepreneurs under the slogan “Women Love to Hear Nice Figures”. Any SME where at least one woman is shareholder, manager or administrator is eligible for participation. The bank provides a wide range of credits and savings products for SMEs under favorable conditions to companies owned or managed by women. As part of this campaign the bank also launched a portal dedicated exclusively to business women (www.femeiadeafaceri.ro).
Besides the information about the bank’s products, the portal highlights success stories of women entrepreneurs and supporters of women entrepreneurship. The portal is available in Romanian and English.