Micro-loans, in which poor people are provided small loans so that they can jump-start or grow an enterprise, are often associated with least developed countries, but, according to a new study, this model has proved highly effective when applied to poor American women over the last decade.
The Grameen Bank model was pioneered in Bangladesh during the 1970s and 80s, and aimed to reduce poverty through the provision of loans, financial training, and peer support to those unable to access traditional credit mechanisms. It turned out a that small amount of funds enabling the purchase of such basics as tools, seeds, and livestock enabled many to lift themselves out of the most desperate kinds of poverty.
When a Dior fashion show begins amid the black ties and flashing cameras in the Musee Rodin, the last thing you’d expect to see is a tee shirt. But this is exactly what kicked off the display for Dior’s Autumn/Winter 2019 collection — a plain white tee-shirt, silk-printed with the words SISTERHOOD IS GLOBAL.
Pulled directly from the cover of the 1984 book by the same name, the SISTERHOOD IS GLOBAL design features the familiar blue letters against a simple white background. At a glance, the shirts are a beautiful representation of the global sisterhood movement — but at their core, the shirts say so much more.
The Prince of Wales, Prince Charles, announced this week the launch of a new $100 million fund that aims to reach half a million women and girls in South Asia with education and professional opportunities in five years.
“The sustainable development goals endorsed by 193 member states at the United Nations cannot be achieved unless radical new approaches are developed,” said Prince Charles, upon unveiling the new fund. “I am very proud that the British Asian Trust is at the forefront of developing such innovations.”
San Jose, California was the most recent city to host a feminist procession that has been traveling the globe for the past several years, and could be coming to your town soon. Suffragette City, created by artist Lara Schnitger, is “a participatory procession and protest” and is both free and open to the public. The ritual allows participants to “celebrate female empowerment in a culture of patriarchy,” according to a press release announcing the procession’s occurrence in San Jose. The procession in San Jose started at the Museum of Art, and involved participants wearing costumes and chanting while carrying portable sculptures and banners.
So much of what I worry about with corporate philanthropy is just how much it is used to grease the pill, so to speak, of the public swallowing all the damage that corporations do in the world. Corporate philanthropy asks us to believe, for example, that Nike cares about gender equality, even as much of its subjugation of labor in developing countries puts added pressure on women as both workers and providers, with very little given in wages in return.
Whenever corporate funders part with millions for gender equality initiatives, this is good news for feminist philanthropy. Recently, Cognizant U.S. Foundation announced that it has made a $4.1 million grant to the National Center for Women & Information Technology (NCWIT). The grant will fund both digital skills education programs and an awareness campaign aimed at increasing interest in tech careers for women of all ages.
Cognizant U.S. Foundation is a nonprofit focused on supporting STEM (Science, Technology, Engineering and Math) education and skills initiatives for U.S. workers and students. NCWIT is a non-profit community comprised of more than 1,100 universities, companies, non-profits, and government organizations across the U.S. With this new award, NCWIT will establish coding skills camps for women and girls, and provide training for school counselors in communities underserved communities. With an initial focus on the Southern United States, NCWIT will launch programs in areas where it can provide corporate internships.
Take it from Phaidra Knight, retired professional rugby player, who speaks in the above video about the value of funding initiatives like Sports 4 Life:”It really doesn’t matter your speed, your size, it’s just what you bring, your unique self, to the game,” said Knight. She went on to emphasize that with sports, young people have the opportunity become part of a team, which can lead to personal growth and improved self-confidence. “I think it’s so important, especially that girls from disadvantaged backgrounds have that opportunity. That is sometimes their ticket and access to greater things across the board.”
The Sports 4 Life Initiative is particularly aimed at increasing and retaining African-American and Hispanic girls in youth sports programs. Sports 4 Life was cofounded by the Women’s Sports Foundation and espnW in 2014. This year, the Ralph C. Wilson, Jr. Foundation also joined the initiative, providing regional support to eight organizations in Southeast Michigan and Western New York.
As the tech industry continues to recognize its gender and race gaps, foundations are committing funds to address these gaps, particularly for girls. A recent example: an announcement by the TE Connectivity Foundation that it will grant $1.25 million to three nonprofit organizations this year: Girl Up, FIRST Global, and SMASH. The foundation’s mission is to bring innovation to engineering and technology by providing opportunities for women and minorities to learn and take part in such innovation.
With every day in America bringing news of regressive political changes that will negatively impact women, it’s important for those who want to increase gender equality to explore different strategies for reaching women who need resources. One strategy that recently caught my eye was Grameen America’s announcement that, in celebration of its 10-year anniversary in the U.S., it would enter the fray of impact investing and disburse an added $11 million in capital in microloans to low-income women across the country. With this new fund, over a five-year period, Grameen will make $140 million in loans to low-income women who are struggling to get a foothold in the U.S. economy as entrepreneurs.
In case you haven’t noticed, nowadays people get around by Ubering or Lyfting instead of taking a cab or taxi. As these web-based transportation services grow, an exciting collaborations appears to be growing as well, specifically between Take the Lead, the women’s leadership organization steered by longtime feminist leader Gloria Feldt, and the company Lyft. To demonstrate its support of Take the Lead, the growing multi-billion dollar rideshare business is offering discounts on rides in honor of Take the Lead Day on November 14th.