04/06/2021 | Press release | Distributed by Public on 04/06/2021 14:11
Only about 20 percent of startups globally are women-led. Because inequality does not have to remain the status quo, NCBA CLUSA is joining the Cooperative Development Foundation (CDF) to launch the International Women-led Enterprise Fund. As change agents, we aim to break barriers, promote equal opportunity and upward mobility to maximize the potential of women and their communities. Our first pilot will benefit the Women's Advocacy Network of Ouanaminthe (Rassemblement des Femmes Engagées de Ouanaminthe / RFEO), a Haitian small business and social enterprise with 300 women members.
RFEO advocates for women's rights and creates economic growth opportunities for women. RFEO gives women entrepreneurs access to affordable credit to support their businesses and to help them during family emergencies. Your donation will help RFEO scale its impact to:
Financially, your donation will help RFEO's members to:
RFEO is involved in the storage, processing and marketing of moringa, cashew nuts and honey. The social enterprise sources raw materials from local cashew farmers and beekeepers. RFEO creates value-added products such as honey, mead, roasted cashew, dried cashew to sell in local markets and in the Dominican Republic through the binational market of Dajàbon, and farmer's markets.
As with many small businesses, RFEO faces financial obstacles in its quest to empower women and victims of gender-based violence through entrepreneurship. Limited access to credit and lack of cash-flow are just two of the problems facing RFEO. Your support can help RFEO remove some of these obstacles and the post-pandemic economic shock.
-
Your donation to the International Women-led Enterprise Fund's pilot will be allocated to the Women's Advocacy Network of Ouanaminthe (Rassemblement des Femmes Engagées de Ouanaminthe / RFEO), a social enterprise located in Haiti. CDF provided fiscal sponsorship to this campaign. All donations will go to RFEO as a Cooperative Development Foundation grant (a U.S. public charity). Subject to applicable law, donations may be tax-deductible. This campaign's pilot project is restricted to supporting RFEO's enterprise development fund and your donation is made for the support of the above described project. NCBA CLUSA provided technical support to RFEO for this campaign.