$100 Million for 10,000 Women
Thousands of women entrepreneurs in developing countries have started their own businesses in the past few years, many with help from local microfinance banks and nonprofits that issued them small loans and financial support. The concept has taken off, but there has been one key flaw in the model: Most of the women have little, if any, formal education and lack the management skills and financial savvy to take their business to the next level. On Mar. 5, investment bank Goldman Sachs (GS) announced it would change the equation by pumping $100 million into educational projects for these women over the next five years.
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