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Entrepreneurial Women
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Female Entrepreneurs and OneIN |
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Women in Business in Developing Countries
Women around the world contribute significantly to the economy of developing countries, thus strengthening their communities and supporting their families. According to the World Bank, the number of women entrepreneurs in developing countries is increasing, and there are approximately eight to ten million formal small to medium businesses with at least one female owner in these areas. "Women-owned businesses tend to be informal, home-based and concentrated in the areas of small-scale entrepreneurship and traditional sectors, which primarily includes retail and service" (World Bank, 2019). Not only do women actively participate in the economy of many communities, when they do, they are more likely to direct their earnings back into the community and into their families, thus promoting education for their own children and other children and nuturition and healthcare for their families (Borgen Project, 2017).
Challenges to Women Entrepeneurs
Women face unique challenges in their business endeavors. They face the financial constraints common to small businesses everywhere, but they also often face cultural and legal restrictions. In cultures where women cannot move freely without male escorts, for example, they must start businesses that cater more to female clients, with whom they can interact freely. Sometimes legal restrictions make it difficult for women to own their own businesses at all or without a man to register as a co-owner.
OneIN and Female Business Owners
Women comprise a great number of OneIN's small business owners. They own beauty salons, catering businesses, and shops. They use their profits to educate and care for their families and build their businesses even more. We encourage women to step out in faith and start businesses that will strengthen their families and their communities!
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Sources:
The Borgen Project: https://borgenproject.org/womens-entrepreneurship-in-developing-nations/
The World Bank: http://www.worldbank.org/en/topic/gender/publication/female-entrepreneurship-resource-point-introduction-and-module-1-why-gender-matters
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OneIN's Female Entrepreneurs
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Celinda
Celinda and her three siblings grew up as orphans. They all worked as day laborers to support themselves. Through a lot of hard work, Celinda managed to open a small shop and later approached OneIN for a loan. She used that loan to buy a larger variety of supplies, expanding her inventory. She quickly paid back her loan and took out another one. With this one, she stocked baby food and nutritional supplies. She has built a solid clientele and has listened to her customers' suggestions, stocking supplies they have expressed interest in, so her sales have improved.
Darihun and Edwis
Darihun owns a small clothing store. She has a steady flow of customers and a great deal of enthusiasm for expanding and improving her store. She received a loan that allowed her to buy more seasonal clothes, thus improving sales. Not only is she a OneIN entrepreneur, but her mother, Edwis, also used a loan from OneIN to begin a small clothing business out of her house. This business supports Edwis and allows her to care for Darihun's younger siblings, who still live at home.
These are just a few of the women OneIN works with. Together, we are improving the lives of women and children around the world!
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Please keep the following requests in your prayers:
Pray for Celinda, Darihun, and Edwis, their families, and their businesses.
Pray for people around the world to come to know and love Jesus Christ.
Pray for wisdom for our TIFs and for their contacts working in the business world.
Thank you for your continued support and prayers! |
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