Posts Tagged 'World Bank'

Female Entrepreneurs Are About to Transform the Global Economy

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.  WB has raised $325 million from numerous countries, with $50 million coming from the United States and other contributions from Germany, Saudi Arabia, the United Arab Emirates, Japan, China, the United Kingdom, South Korea, and the Netherlands.

Less than a third of global businesses are owned by women, and the initiative aims to grow women-run enterprises across Africa, Latin America and the Middle East. It will also help facilitate loans to entrepreneurs, ranging in size from between a few hundred dollars to several hundred thousand dollars, depending on the applicant’s needs. World Bank officials said they hope to make the capital available later this year or in early 2018.

We cheer on the WB because it has a long history of providing support to women who are challenged by economic disadvantages.  For example, they launched the Women’s Leadership in Small and Medium Enterprises (WLSME) program, supported by the U.S. Agency for International Development (USAID).

Read more about how the WB will help women globally to reach their full potential here.


Note: Don’t miss our next WEGGinar™ 7/12/17 on “How to Finance Your Exports,” and presented by Xiomara Creque-Bromberg, Export Finance Manager, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Register here:
Event is no charge but you must register in advance to attend.

Coca Cola Co. and IFC Initiative to Help Female Entrepreneurs in Emerging Markets


Atlanta-based Coca-Cola Co. is working on a new project to benefit Coke and empower female entrepreneurs around the world.

Coke is teaming up with the International Finance Corp. (IFC), a member of the World Bank Group, which will provide $100 million in financing over three years to female members of the supply chain who are key to Coke’s ability to sell beverages in more than 200 countries.

Read the entire article here.  More here.

Related article:  5by20 | Women Entrepreneurs GROW Global

Photo courtesy:  5by20 News Center:  The Coca-Cola Company

Posted by:  Laurel Delaney

How Kenyan Businesswoman Succeeds After Receiving U.S. Training

Our sister organization, The Global Small Business Blog, under its parent organization, just published their latest monthly e-newsletter, “Borderbuster,” (Issue No. 116 – sign up here) and it is only fitting for this blog post to mention the quote that was featured under the Wind Behind Your Sail section:

“We make a living by what we get, but we make a life by what we give.” ~Winston Churchill

That said, two years ago, Eunice Mwongera (pictured left) decided to grow her Hillside Green Growers and Exporters Company, a family-owned fruit and vegetable business. A graduate of Nairobi University and former finance officer at the Kenyan Ministry of Agriculture, Ms. Mwongera, applied for the USDA Norman E. Borlaug International Agricultural Science and Technology (Borlaug) Fellowship Program.

Within a year of completing her fellowship, Ms. Mwongera had successfully applied many of the business skills and concepts she learned. Not only had she succeeded in increasing export markets for Hillside Green from three to seven countries, but Mwongera also started her own poultry, rabbit, and fish farming operation. In addition, Mwongera modified her company’s strategic and export plans, aligned Hillside Green’s food safety standards with international industry standards, and adopted new technologies.

Learn more about Ms. Mwongera’s success story here and visit the Borlaug Fellowship Program here.

So back to Churchill’s quote above, yes, Mwongera is giving back after receiving U.S. training.  We are delighted to know and we wish her continued success with her business expansion initiatives.

Related article:

Eunice Mwongera of Hillside Green Growers Is Featured in World Bank’s Quarterly Publication

Photo courtesy here.

Posted by:  Laurel Delaney

Opportunity Abounds for Women Entrepreneurs in Emerging Markets


Businessses see opportunity in emerging markets for women, especially women entrepreneurs. Read more here.

World Bank is involved too.

Posted by :  Laurel Delaney

Free Program Enables GROWING Global


Yes, you read that right. In follow up to our last post, if you are stuck on how to grow global, get unstuck fast with this cool resource — the SME Toolkit — for yourself, your team, your business and your world.

IBM and IFC, the private sector arm of the World Bank, launched this small business toolkit specifically for small business owners in emerging markets as well as women, Black, Hispanic, Native American, and Asian entrepreneurs in the U.S., to receive highly developed business information, tools, and training services usually reserved for Fortune 1000 companies.

The SME Toolkit is a free program that enables entrepreneurs and small businesses to learn how to implement the sustainable business management practices needed for growth in areas such as finance, accounting, international business, marketing, human resources or legal.

Now go take on the world in a BIG way! No excuses, just do it.

WEGG Mission

Our mission is to educate, inspire and nurture women business owners and entrepreneurs worldwide on how to go global so they can run healthier businesses and create a new future for themselves, their families and their community.

Women Entrepreneurs GROW Global is a 501(c)3 nonprofit organization. EIN/Tax ID #47-2956522.

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