Freedom from Hunger Receives U.S. State Department Grant
SAN FRANCISCO, CA (July 2013)
Freedom from Hunger is proud to be among 25 organizations sharing $1.5 million in grant funding through the U.S. State Department’s Women’s Entrepreneurship in the Americas (WEAmericas) initiative.
The WEAmericas initiative was launched by President Obama and former Secretary of State Hillary Clinton at the Summit of the Americas in April 2012. It leverages public-private partnerships to increase women’s economic participation in Latin America and the Caribbean by reducing barriers that women often confront when starting and growing small and medium-sized businesses (SMEs). These grants are helping provide access to training, networks, markets and financing to promote economic opportunity and social inclusion for woman entrepreneurs in the Western Hemisphere.
The potential for turning successful micro-entrepreneurs into small-business owners is compelling and a logical extension of Freedom from Hunger’s work in the field of financial inclusion. Recognizing the additional challenges that women micro-entrepreneurs face, Freedom from Hunger, in collaboration with Agora Partnerships, is using the $59,000 grant to help poor rural women in Mexico with subsistence micro-enterprises grow their businesses and become investment-ready and ultimately effect positive change in their communities.
“We are delighted to partner with the U.S. State Department through the WEAmerica’s Initiative to develop and test appropriate interventions that will enable woman micro-entrepreneurs to address their greatest personal and external barriers to business growth and successfully enter the SME marketplace,” commented Freedom from Hunger CEO, Steve Hollingworth.
WEAmerica’s Founding Partners include the Cherie Blair Foundation for Women, ExxonMobil Foundation, Goldman Sachs 10,000 Women, Inter-American Development Bank (IDB), Kauffman FastTrac, Thunderbird School of Global Management, Vital Voices, Wal-Mart Foundation and WEConnect International.