Financial Education and Entrepreneurship Development ,the Path to Women Economic Empowerment

Gladys Shumbambiri
Posted May 14, 2015 from Zimbabwe

Introduction

•About 60% of the Zimbabwean population live in the rural areas .•Women constitute a higher percentage of this rural population with very low levels of literacy (educational and financial) •Majority of Zimbabweans are forced into SMEs and the informal sector due to many company closures and retrenchments.

•85% of MSME owners do not borrow from any financial institutions due to fear of failing to pay back. An estimated 24% of the country’s US$10,81 billion Gross Domestic Product (GDP) remains largely unbanked.(Source: Finscope Survey ( 2011,2013), World Bank Stakeholder Consultative Workshop (July, 2014).

Intelligent Business Consultancy has taken this disparity and has planned a Financial Education and Entrepreneurship Development Program for the women and the youths.

It has been trainedin February 2015 on Financial Education by Microfinance Opoortunities through its local partners and the plan is to train as many youths and adults especially women on savings, budgeting,remittances and a number of financial courses to empower the girl child and the women.This will reduce finacial illiteracy levels among the female population in the country.

Intelligent Business Consultancy has started training women vendors in its community on business management basics and for those groups trained , it gives them small business loans to enhance their vending business and this program is working well and to date about 8 woimen groups have been traineds and accessed some finance.

We strongly believe that our contribution will make an impact in the country by reducing financial illiteracy and empowering the women with business skills.

Attachments

entrepreneurship_development_and_financial_education_program_by_ibc-no_ceilings.ppt
The Path to Participation Initiative from World Pulse and No Ceilings

Comments 3

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Alyssa Rust
May 14, 2015
May 14, 2015

Dear Gladys Shumbambiri,

Thank you so much for sharing. I really enjoyed reading about all the work that the Intelligent Business Consultancy has been working on in Zimbabwe. It sounds like the programs make a lasting impact on women and youth. Thank you for including the PowerPoint slides. Reading the program objectives really created a clear picture of what the consultancy is working on achieving. Thank you for all the work that you are doing with the organization and I hope that you will continue to share your successes with the World Pulse Community.

Sincerely, Alyssa Rust 

Kika Katchunga
May 18, 2015
May 18, 2015

Proud to Zibabwe wife Glady shumbambiri, I also hope that your contribution will have an impact. I pray to our God that it is so.

Olivia
May 21, 2015
May 21, 2015

Hi Gladys,

Thank you for sharing the story of women and business in Zimbabwe. I believe women could be more independent when they are given trust to run a business. When women have their ability to earn money by themselves, they become less dependent to their partner and thus they will be more empower. I am glad to know that Intelligent Business Consultancy has done some programs to encourage entrepreneurship in Zimbabwe. I believe with lot of supports, the organization could bring more impact to women and thus will slowly help the economy of the country. I sincerely wish the best for the work of the organization that is needed the most in the country.

Cheers,

Olivia