10,000 Women

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10,000 Women is a program organized by Goldman Sachs and the Goldman Sachs Foundation with the goal of helping to grow local economies by providing business education, mentoring and networking, and access to capital to underserved women entrepreneurs globally. [1] [2] The program was announced on March 5, 2008, at Columbia University. [3] [4] The initiative is one of the largest philanthropic projects the bank has been involved with. [5] The program was in its initial years run by Dina Habib Powell, a managing director at Goldman Sachs. [6]

Contents

The program was continuing in 2022; [7] Goldman Sachs published a report on the impact of the COVID-19 pandemic on female entrepreneursfrom the viewpoint of the 10,000 Women program. [8]

Award process

As part of the program, Goldman Sachs committed US$100 million in funding and partnered universities in Europe and the United States with business schools in developing and emerging economies. [6] [9]

Vital Voices presented the 10,000 Women Entrepreneurial Achievement Award at its annual Global Leadership Awards event from 2009 to 2011. [10] The award was given to a graduate of the 10,000 Women program, sponsored by Goldman Sachs. Past recipients include Temituokpe Esisi of Nigeria (2009), [11] Andeisha Farid of Afghanistan (2010) [12] and Fatema Akbari of Afghanistan (2011). [13]

In September 2013, Goldman Sachs launched a public Twitter presence for the 10,000 Women program using the screen name @GS10KWomen. In December 2015 the account had over 39,000 followers.

Women Entrepreneurs Opportunity Facility

In March 2014, the World Bank’s International Finance Corporation and Goldman Sachs 10,000 Women program launched a $600 million financing program called the Women Entrepreneurs Opportunity Facility to allow 100,000 women entrepreneurs in emerging markets to have access to financing. [14] IFC invested an initial $100 million in the program, and Goldman Sachs Foundation provided $32 million, [15] with an additional $486 million expected from public and private investors. [16]

Academic partners

See also

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References

  1. ↑ Krothen (2008-03-05), GOLDMAN SACHS LAUNCHES 10,000 WOMEN (PDF), Goldman Sachs, archived (PDF) from the original on 2011-07-24, retrieved 2009-03-18
  2. ↑ "Goldman Sachs Welcomes First Japanese Partner to 10,000 Women", The Financial , 2009-06-13, archived from the original on 2010-02-23, retrieved 2009-06-14
  3. ↑ Damast, Alison (2008-03-05), "$100 Million for 10,000 Women", BusinessWeek, archived from the original on 2009-05-22, retrieved 2009-03-18
  4. ↑ Lewis, Carol (2008-09-16), "The 10,000 Women initiative", The Times, London, archived from the original on July 1, 2009, retrieved 2009-03-19
  5. ↑ White, Ben (2008-03-06), "Goldman in $100m drive to educate women", Financial Times, New York, retrieved 2009-03-19
  6. 1 2 Gunther, Marc (2008-03-12), Goldman sees gold in helping women, CNNMoney.com , retrieved 2009-06-14
  7. ↑ "10,000 Women". Goldman Sachs. n.d. Retrieved 3 March 2022.
  8. ↑ "Womenomics: COVID-19's Impact on Goldman Sachs 10,000 Women and 10,000 Small Businesses Alumni". Goldman Sachs. 15 June 2021.
  9. ↑ Kelly, Kate (2008-03-06), If It's Good for Goldman, It's Good for the World, The Wall Street Journal, archived from the original on 2008-03-11, retrieved 2009-06-14
  10. ↑ "Past Global Leadership Awards". Vital Voices: Women. Vital Voices: Global Partnership. Archived from the original on 2016-10-27. Retrieved 22 May 2014.
  11. ↑ "Temituokpe Esisi". Vital Voices: Women. Vital Voices: Global Partnership. Archived from the original on 22 June 2014. Retrieved 22 May 2014.
  12. ↑ "Andeisha Farid". Vital Voices: Women. Vital Voices: Global Partnership. Archived from the original on 22 June 2014. Retrieved 22 May 2014.
  13. ↑ "Fatema Akbari". Vital Voices: Women. Vital Voices Global Partnership. Archived from the original on 25 April 2011. Retrieved 22 May 2014.
  14. ↑ "Women Entrepreneurs Opportunity Facility (IFC WEOF)". IFC - International Finance Corporation. Retrieved 15 May 2022.
  15. ↑ Talley, Ian (5 March 2014). "$600 Million Credit Program Aims to Encourage Female Entrepreneurs". Wall Street Journal.
  16. ↑ Douglas, Danielle (2014-03-05). "Goldman floats World Bank $50 million for fund to help women entrepreneurs". The Washington Post. Retrieved 2022-06-08.
  17. ↑ Parke, Kerry (2008-03-05), HARVARD BUSINESS SCHOOL JOINS 10,000 WOMEN, Harvard Business School, retrieved 2009-03-19


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