Womens Initiative presentation to SVMN 2.24.09


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Julie Castro Abrams presented this at the Silicon Valley Microfinance Network (SVMN) event February 24, 2009.

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  • Womens Initiative presentation to SVMN 2.24.09

    1. 1. From Poverty to Prosperity: Microenterprise Training in the US Julie Abrams, CEO Women’s Initiative for Self Employment • ALAS Women's Initiative is the recipient of the President's Award for Excellence in Microenterprise Development
    2. 2. <ul><li>Our Mission: </li></ul><ul><li>To build the entrepreneurial capacity of women to overcome social and economic barriers and achieve self sufficiency </li></ul><ul><li>This is our 21 st Year! </li></ul><ul><li>Over 17,000 women served. </li></ul><ul><li>Designed for low income women ready to start or expand their own business. </li></ul><ul><li>Classes in English and Spanish. </li></ul><ul><li>83% of clients are women of color </li></ul><ul><li>Won Presidential Award in 2001. </li></ul>
    3. 3. Microbusiness as a First Step to Building Assets Start & Grow a Business Increase Income Increase Biz Equity <ul><li>Increase </li></ul><ul><li>Net Worth </li></ul><ul><li>Buy a </li></ul><ul><li>Home </li></ul><ul><li>Increase </li></ul><ul><li>Security </li></ul>Adequate Income and Assets Necessary for Financial Security
    4. 4. Opportunities of Business Ownership <ul><li>Women business owners: </li></ul><ul><li>Gain flexibility to care for their families while building economic independence </li></ul><ul><li>Create their own upward </li></ul><ul><li>mobility, free from the limits </li></ul><ul><li>of the workplace </li></ul><ul><li>Increase their earnings while </li></ul><ul><li>building an asset </li></ul>
    5. 5. Training is Essential for Women Entrepreneurs’ Growth and Success <ul><li>Women are less likely to start a business without training. </li></ul><ul><li>Women generally report lower self-confidence in their entrepreneurial capacity than their male counterparts. </li></ul><ul><li>Business training positively benefits women’s self-efficacy, where no such relationship was found for men. </li></ul>
    6. 6. The Power of Women’s Initiative Lasting Benefits for Women, Their Families and Their Communities
    7. 7.
    8. 8. WI meets the needs of Women Entrepreneurs <ul><li>Business Plan Training in an all women environment </li></ul><ul><li>Culturally competent training in English and Spanish </li></ul><ul><li>Leader in Adult Learning Methodology </li></ul><ul><li>Personal Empowerment compliments technical fundamentals </li></ul><ul><li>Ongoing technical assistance and financing </li></ul><ul><li>WI serves more clients than any other microenterprise training agency in the US </li></ul>
    9. 9. Our Program Produces Results <ul><li>Outputs </li></ul><ul><li>3000 women served this year. </li></ul><ul><li>Over 900 women in the business plan course. </li></ul><ul><li>1,7000 one-on-one technical consultations. </li></ul><ul><li>120 microloans in 2008. </li></ul><ul><li>50 new IDA accounts. </li></ul><ul><li>Outcomes </li></ul><ul><li>$10K increase in income in first year </li></ul><ul><li>Triple net worth in two years </li></ul><ul><li>70% making consistent sales 5 years later </li></ul><ul><li>750 new jobs will be created this year alone </li></ul>For every $1 invested in Women’s Initiative, $30 is generated for the local economy in just 18 months!
    10. 10. Julie Abrams, CEO Women’s Initiative for Self Employment • ALAS  •  jabrams@womensinitiative.org • 415.302.4740  •  • www.womensinitiative.org •