Women in Leadership at All Levels: Empowering Women To Become The Next Generation of Microfinance Leaders 17th Microcredit Summit 2014 Summit

1. Opportunity and Hope
Over 25 Years of Putting Dreams to Work
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Development that is not
Engendered – is Endangered…
Women are 70% of the world’s
1.3 billion absolute poor
Women are sole earners
in 40% of world households
Women hold 21% of Parliamentary
seats worldwide
Women are 48% of the world’s 15.4 million refugees

3. The Global Economy NEEDS
the other 51% (women!)
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Investing in Women
Pays Dividends:
Women worldwide are more likely to…
Put their income back in their community
Drive literacy
Push mortality rates down and gross domestic
product up

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Investing in Women
Pays Dividends:
Former Secretary Hillary Clinton has said,
“There is no doubt, that the increasing numbers
of women in the economy… has fueled
significant growth everywhere. And the
economies that are making the shift more
effectively and rapidly are dramatically
outperforming those that have not.”

6. Women and Economics in the U.S.:
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Women’s Assets
28% women in the U.S. outearn their
husbands (1 in 4)
Women equal 43% of Americans with
assets greater than $500,000
Women earn 40% of the world’s GDP
Women own 60% of all assets in the
United States

7. Women’s Economic Market
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In the U.S., women control….
80% of household spending
81% of retail sales
82% of grocery sales
And are responsible for….
61% of all travel and consumer
electronics

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Women of Influence
Women have been the
majority of voters in
the U.S. since 1964

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Women in Business
8.6 million women owned business in the United States
Women owned business generate $1.3 trillion in revenues and
employ 7.8 million people
Women-owned firms are exceeding overall sector growth in
eight of the 13 most populous industries
The relative strength of million-dollar women owned firms is
greater now than a decade ago.
Source: 2013 State of Women Owned Business
Report by American Express OPEN

10. Experts predict that by 2018, women’s
businesses will create more than half
of the new small business jobs and a
third of the nation’s total new jobs.
Beyond that, anything is possible.
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Credit: Library of Congress

11. Economic Independence
Sheds Light on the World
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Particularly for women
Transformation about freedom
Transformation about power
Transformation about abundance

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Strategic Planning
Who We Are:
The Wisconsin Women’s Business Initiative Corporation (WWBIC) is a
leading innovative statewide economic development corporation
“Putting Dreams to Work.”
Who We Care About:
We focus on individuals who face barriers of traditional means.
What We Do:
We open doors of opportunity by providing targeted individuals who are
interested in starting, strengthening or expanding businesses with access to
necessary resources and tools such as quality financial and business education,
and responsible financial products

15. Improve the economic well-being of targeted individuals
by building assets and advancing self-sufficiency.
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Strategic Planning
Our Social Goal:
Indicators of Social Goal:
• Job Creation
• Businesses Started, Expanded, or Strengthened
• Increased Individual Income
• Increased Assets (personal and business)
• Higher Credit Scores
Macro Impact:
• Individual Achievement of Personal Financial and Entrepreneurial Goals
• Increased Individual Financial Acumen
• Economic Self-Sufficiency through Less Reliance on Public Assistance
• Community Stabilization through Business and Home Ownership
• Social Responsibility

16. WWBIC Social Performance
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Measurement and Impact

17. Social Goal and Indicators
Job Creation
Higher Credit
Scores
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“Improve the
economic wellbeing
of targeted
individuals by
building assets and
advancing self-sufficiency.”
Businesses
Started,
Expanded,
Strengthened
Increased
Individual
Income
Increased Assets

18. Wisconsin Women’s Business
Initiative Corporation (WWBIC)
Statewide economic
development organization
501(c) 3; founded 1987
Offices in Milwaukee, Madison
and Racine/Kenosha
Local, Regional, National and
International Partnerships
Emphasis: women, low-wealth
individuals, people of color
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Mission
Quality Business Education
Access to Fair Capital
Economic Self-Sufficiency

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Challenges
The Next Generation of
Microfinance Leaders
Need a strong commitment
to education
Need to elevate pay and
secure pay equity for women
Need managerial experiences
Need healthy entrepreneurship
spirit

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Successes
The Next Generation of
Microfinance Leaders
WWBIC businesses successfully growing
and giving back to WWBIC
WWBIC businesses sharing their
talent and time with WWBIC
WWBIC businesses speaking on behalf
of the industry
WWBIC Team – our employees and their
Professional Development

22. You Can Make a Difference
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Time
Talent
Treasure

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Thank You

24. Wendy K. Baumann
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President/ CVO
The Wisconsin Women’s Business Initiative Corporation
National Member
Association of Enterprise Opportunity
Opportunity Finance Network
The Association of Women’s Business Centers
SBA National Advisory Board
Office Depot Women’s Advisory Board
National Business Incubation Association
Consumer Federation of America – America Saves
wendy.baumann@wwbic.com

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Thank You
Please call with any questions.
A member of the WWBIC Staff will be more than happy to assist you.
Milwaukee / West Allis
Phone: 414-263-5450
South Central
Phone: 608-257-5450
Southeast
Kenosha
Phone: 262-654-1234 ext. 114
Racine
Phone: 262-925-2850

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