Despite being one of the most pivotal drivers of sustainable economic growth, women-owned businesses around the world continue to face barriers when trying to access both markets and capital. Through Moody’s ReshapeTomorrow™
program, we’re helping women business owners gain better access to capital and markets as well as promoting greater prosperity and opportunity at every level of the market.
In 2019, Moody’s launched the ‘Financing Your Growing Business’ program with WEConnect International
to support women in growing their businesses. The program consists of interactive bootcamps and online training modules that focus on credit training and accessing markets and capital. In the past two years, our boot camps served more than 200 women in 7 countries including Australia, Canada, Germany, France, Nigeria, Malaysia and Singapore. In addition, our online training module is accessible to 11,500+ women in 125 countries. In 2021, we’re proud to expand the program to Costa Rica, Japan, Mexico and South Africa.
Moody’s also collaborated with WEConnect to form the ‘Council on Scaling Women-Owned Businesses.’ Moody’s Global Head of CSR, Arlene Isaacs-Lowe, chaired the Council which conducted research and explored the best solutions for scaling women-owned businesses. These findings were illustrated in the report, How to Rebuild Global Business for Good
published in June 2020, which identified the barriers facing women business owners and outlined a global strategy to support inclusive economic growth during and after the COVID-19 pandemic.
Moody’s has also expanded its partnership with Village Capital in support of their ‘Future of Work’ Africa program with the International Finance Corporation (IFC) Women’s Entrepreneurs Finance Initiative (WeFi). The program will source, support and scale up to 30 startups, with a focus on women-led startups, that are providing services to help solve the youth unemployment crisis. The program will also test interventions focused on mitigating the gender financing gap. The findings will inform broader research under the IFC’s WeFi program, which will be released in 2021 along with a toolkit of best practices for key ecosystem builders around the world.