"The Aspen Network of Development Entrepreneurs (ANDE) launched the Advancing Women’s Empowerment Fund (AWEF) in 2019 with support from the Visa Foundation and the United States Agency for International Development (USAID). The overall goal of AWEF-funded projects is to address the gender financing gap for women-owned small and growing businesses (SGBs) in developing economies. The first round of grantmaking, AWEF Asia, funded eight entrepreneur support organizations (ESOs) in Cambodia, Vietnam, Myanmar, the Philippines, Pakistan, and India, as well as programs serving the region as a whole. This report summarizes the lessons learned from these grants."
A conversation with ANDE’s Membership and Programs team on recent changes within ANDE’s membership and grantmaking processes to make them more equitable and accessible for smaller organizations based in the developing countries in which we work.
ANDE is analyzing the promising project data from AWEF Asia projects, which concluded at the end of 2021. One of the early key learnings is that women entrepreneurs who participated in AWEF Asia funded programs reported increased confidence, self-efficacy, financial and investment literacy, and ability to critically evaluate potential investment and financing options.
ANDE spoke to Jona Resphiti of MIT-D-Lab about the organization’s ANDE-funded project under the Advancing Women’s Empowerment Fund to better prepare female founders seeking capital and support investors in bringing more inclusivity to their practices, including impact of the COVID-19 pandemic on the project in India and an upcoming simulation of what it’s like to be a female founder trying to raise $5 million.
ANDE spoke to Diep Hong Ngo of the Women’s Initiative for Startups and Entrepreneurship (WISE) Vietnam about the organization’s ANDE-funded project under the Advancing Women’s Empowerment Fund to address the gap in seed and early-stage funding for women-led businesses in Vietnam by increasing market opportunities in the angel investing ecosystem.
"The COVID-19 pandemic has launched the world into unprecedented turbulence and uncertainty. The micro, small and medium sized businesses (MSMEs) that underpin employment and growth in frontier economies have felt the impact on multiple dimensions. By extension, the capital providers that have invested in and financed these enterprises are equally challenged as they seek to support their portfolios in these uncertain times. Even prior to the COVID-19 pandemic, there was a dearth of capital for MSMEs in LatAm of nearly $1 trillion. COVID-19 has exacerbated this situation and has the potential to undermine many gains made in income and gender equality, growth and employment over the last years. The survey looked into who the impact-orientated capital providers are that finance MSMEs in LatAm; how they look at impact, in particular gender; what their portfolio of small businesses is; what the portfolio’s performance pre COVID was; what their financial and non-financial needs post-COVID look like; and whether any changes and opportunities are arising from the current situation?"