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Posted: Wednesday 4 December, 2013 at 3:45 PM

Women Entrepreneurs Network of the Caribbean (WENC) Awarded US$58,500 WEAmericas Grant

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By: WENC, Press Release

    December 4th, 2013  --  The Women Entrepreneurs Network of the Caribbean (WENC) has been awarded a grant of US$58,500 from the WEAmericas Grant Initiative, a fund administered by the US Department of State, Office of Global Women’s Issues.  The Grant will assist the network in achieving its mandate of increasing the voice, visibility and viability of women-led businesses in the Caribbean through advocacy, training, networking, identifying and sharing best practices and resources to support the entrepreneurship development of its members.

     

    According to President of WENC Agnes Francis, there are a number of challenges which confront female entrepreneurs throughout the Caribbean.  Research findings from organizations such as the United Nations (UN) and the International Finance Corporation (IFC), point to the underlying trend that the economic participation and contribution of women owned businesses to their respective countries is adversely affected by factors such as access to formal networks, lack of mentorship, lack of advocacy and lack of access to funding.  We are therefore excited about this grant which will help to strengthen and increase the capacity of women businesses throughout the Caribbean. 

    Expressing pleasure at the success of WENC on winning the grant, Grants Officer Natika Washington stated that “they are impressed by the work being done by WENC and wishes the network success in easing the challenges and breaking the barriers faced by women and girls.”

    Signing the grant on behalf of WENC, Ethnie Miller-Simpson who will assume administrative responsibilities for the grant, “we will first identify the needs of our members and assist in addressing these needs by guiding members to existing training resources, developing and conducting in house training and matching members to mentors in similar industries throughout the region. In addition, WEN Caribbean will register chapters in each of our current respective membership countries and develop initiatives to increase our membership.”

    The grant will be utilized over a one year period September 2013 to September 2014, with oversight by the Executive of WENC and the US State Department.


    About The Women Entrepreneurs Network of the Caribbean (WENC)
     
    The Women Entrepreneurs Network of the Caribbean (WENC) was launched in March 2012 with the view of creating an organization that would address some of the main challenges affecting women-owned business in the Caribbean. To date WEN Caribbean has members in 10 Caribbean countries, namely Barbados, Bahamas, Dominica, Grenada, Guyana, Jamaica, St. Lucia, St. Vincent & The Grenadines, Suriname and, Trinidad and Tobago. WEN Caribbean is currently headed by a five member Executive Committee.


    About WeAmericas Grant Facility
     
    With funding from the WalMart Foundation, the WEAmericas Small Grants Initiative supports the needs of women across the economic spectrum and throughout the Latin America and the Caribbean region. The initiative is a key way to promote the Secretary of State’s commitment to increasing women’s economic inclusion around the globe as a critical component for economic growth. The ultimate goal of the small grants is to support women-owned businesses and women entrepreneurs at the micro, SME, and high growth potential levels. The grants will focus on increasing necessary infrastructure to support and encourage a women’s entrepreneurship ecosystem, including improving access to skills and capacity building, capital and markets inter alia.
     
     
     
     
     
     
     
     
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