CARE Program Delivers $1 Billion in Credit to Women Entrepreneurs in Three Countries
What happened
CARE announced that women entrepreneurs in Pakistan, Peru, and Vietnam accessed $1 billion in credit through the Mastercard Strive program. Partner banks and microfinance institutions delivered this capital after redesigning their products to suit women-led small businesses. The total credit delivered through the program reached $1.2 billion, including men entrepreneurs.
From care.org
Why it matters
The initiative addresses the $1.9 trillion financing gap faced by women-owned small businesses in emerging and developing economies. The program removed traditional barriers, such as requiring collateral or a male guarantor, by implementing flexible repayment and digital loan processes.
From care.org
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- VietnamSpeculative
Women-led small businesses in Vietnam might see increased revenue and investment opportunities due to access to capital.
- PakistanSpeculative
Women-led small businesses in Pakistan could see improved business stability and growth through access to financing.
- PeruSpeculative
Women-led small businesses in Peru may experience higher demand and sales as they gain access to necessary credit.