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Saturday, September 9, 2017

How Ivanka Trump is Influencing Her Dad to Help Millions of Women Entrepreneurs Get More Funding

Ivanka Trump with her dad, President Donald Trump
When her dad won the election, Ivanka Trump was appointed as special assistant to the president and she immediately started focusing on an agenda to address women's entrepreneurship. She can relate to the challenges that many women entrepreneurs face because she too is a business woman.

She, like her father and brothers, owns a real estate firm. But she also owns a fine jewelry collection and a fashion label with an assortment of chic shoes and handbags. Her products can be bought from major department store retailers including Bloomingdale’s, Lord & Taylor, Dillard’s, Macy’s, and more.

Her plan to empower women

Because women looking to start their own businesses have far less access to capital and other financial resources, Ivanka has already spearheaded at least two major global initiatives.

#1 - First, she helped her dad establish the United States-Canada Council for Advancement of Women Entrepreneurs and Business Leaders. This council aims to increase the number of women in science, technology, engineering and math (STEM); attract and encourage more women to start businesses; support and help grow exisiting women-owned businesses; increase women’s access to capital; and advance women as leaders in the private sector.

#2 - Secondly, after holding several international meetings on the topic of women's empowerment, Ivanka rolled out the Women Entrepreneurs Finance Initiative also known as "We-Fi." In partnership with World Bank, this initiative focuses on promoting women's entrepreneurship in developing countries. It will ultimately provide both financial and non-financial resources, including loans, technical assistance and guidance, mentorship opportunities, and policy reform to eliminate barriers for women in developing nations.

Show me the money

In July 2017, President Trump, publicly acknowledged the program that his daughter created and confirmed that the United States government would pledge $50 million to the cause. Canada then pledged $20 million, and Saudi Arabia and the United Arab Emirates have ince pledged $100 million. All in all, more than 180 countries are expected to participate.

The goal of the facility is to leverage donor grant funding of over $325 million and mobilize more than $1 billion in international financial institution and commercial financing, by working with financial intermediaries, funds, and other market actors

For more details about her Women Entrepreneurs Finance Initiative and how to gain access to the funding, visit www.worldbank.org/en/programs/women-entrepreneurs

For more details about Ivanka Trump and her businesses, visit www.ivankatrump.com

Watch her remarks below:



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