Women are underrepresented as entrepreneurs. In Canada, about 4 in 10 entrepreneurs are women, yet represent over half of the working population (source – Canadian Entrepreneurship Initiative).
Women have lack access to capital to grow their businesses. The World Bank Group’s International Finance Corporation (IFC) estimates that as many as 70% of women-owned small-and-medium enterprises in developing countries are unserved or underserved by financial institutions – resulting in a credit gap of around $285 billion.
Catherine saw this as an opportunity – provide funding to women entrepreneurs to help start their businesses
Now, how do this?
Partnering with Canadian-artist, Shakti, Catherine curated The Awakened Project Collection. Unique gemstone jewelry for both women and men, 50% of The Awakened Company profits from the sale of the Collection will go towards a fund to help women entrepreneurs launch their businesses.
50% of The Awakened Project profits from the sale of The Awakened Project Collection go to a fund to help women launch their businesses in North America. We have partnered with Momentum to manage our fund. Our fund goes towards the Momentum Micro Business Loans program, specifically designated for women within the loans portfolio. To date, we have raised over $60,000 for our Awakened Project Fund and for Shakti combined. We are making a difference in supporting and growing local businesses.