December 3, 2019
Dear Friends of wegg®:
“Every time a bell rings, an angel gets her wings!”
This memorable line from the beloved holiday film It’s a Wonderful Life (with a change of pronoun) reminds us how important it is to help others.
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A new analysis by Boston Consulting Group (BCG) shows that if women and men participated equally as entrepreneurs, global GDP could rise by approximately 3% to 6%, boosting the global economy by $2.5 trillion to $5 trillion. However:
… unleashing the power of women entrepreneurs will require action from a range of groups,
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If you have a question about the financial risks and rewards of international expansion, ask Moji Eagan.
As senior vice president and relationship manager for the Business Banking market in Commercial Banking at Bank of America Merrill Lynch, a sponsor of Women Entrepreneurs Grow Global™,
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In a recent East Asia Forum article, “Unleashing the capabilities of women-led SMEs in Indonesia,” author Naimah Talib reports that 43 percent of the 26 million small-to-medium enterprises (SMEs) in Indonesia are women led or women owned (WSMEs). Not only do these WSMEs make up for ten percent of the country’s GDP,
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Through collaboration and a passion to help small businesses succeed, EXIM Bank and Women Entrepreneurs Grow Global (WEGG) were able to arm KOVAL Distillery with the resources and support needed to exceed its global business growth goals.
One of WEGG’s members,
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Jeff Deiss, Regional Export Finance Manager, Northern California | International Trade Finance Manager-Western US | US Small Business Administration – Office of International Trade | US Export Assistance Center (www.sba.gov/international) recently gave a substantial WEGGinar™ on “
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On our July 12th WEGGinar™, “How to Finance Your Exports,” we ran out of time and had a couple of remaining questions that we didn’t have a chance to address. Below, Xiomara Creque-Bromberg, Export Finance Manager,
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India-based Yes Bank (private sector) has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.
This is the third round of funding to the bank as part of arrangement with the Overseas Private Investment Corporation (OPIC) –
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The World Bank (WB) unveiled a new program, the Women Entrepreneurs Finance Initiative, that is designed to boost women entrepreneurs in developing countries and fight the norms that hold them back, such as uneven access to loans and shaky property rights.
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Ottawa, Canada researchers Clare Beckton and Janice McDonald are eager to try to determine if factors such as a lack of access to capital make women more likely than men to devise inventive new ways of doing business out of necessity, such as taking a business global.
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