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Assisting Women Build Better Organizations in Latin America

Assisting Women Build Better Organizations in Latin America

Observe how TechnoServe adapted Impulsa tu Empresa, a continuing business accelerator system, to raised target females business owners’ requirements.

The Impulsa Tu Empresa (“Boost Your Business”) program is a small business accelerator program, which aims to assist 850 little and growing companies across Guatemala, Honduras, El Salvador, Nicaragua and Burkina Faso. The Multilateral Investment Fund, the Walmart Foundation, the Citi Foundation and the PIMCO Foundation, TechnoServe provides participating businesses mentorship, market connections, and access to capital to help http://brightbrides.net/review/shaadi/ them grow and expand with support from the Argidius Foundation. This program hopes to improve profits of these organizations by $25 million and produce 750 new jobs by 2017.

Learn how Veronica, creator of IKO Imagen, expanded her company while transforming her community with TechnoServe’s assistance. Learn More

ORIGINAL CHALLENGES FACED with LADIES ENTREPRENEURS

Feamales in Central America face unequal use of financial possibilities as business people, leaders, workers and vendors in comparison to males. Because of this, you can find fewer little and growing organizations (SGBs) where ladies have leadership functions, as well as those SGBs with females leaders, you can find usually greater profitability and growth constraints in accordance with those led by guys.

A number of the key challenges ladies business owners face whenever growing their organizations consist of:

  • Balancing household business and care obligations
  • Accessing finance without appropriate ownership or a warranty
  • Joining business that is traditionally male-dominated

EMPOWERING WOMEN ENTREPRENEURS THROUGH IMPULSA TU EMPRESA

The program team focused on improving the gender approach to the selection and recruitment process, as well as the business training and advisory aspects of the program to better support women entrepreneurs.