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10,000 Women (Phase 1)
Philippines
Mar-08
2013
Keywords
Education (career development); Education (adult); Business development; Entrepreneurialism; Access to finance
Project description
A global grant-making initiative that fosters economic growth by providing women entrepreneurs (in the SME sector) around the world with a business and management education, mentoring and networking, and access to capital. With their local partners in each country, 10,000 Women created certificate programs that provide an average of 180 hours of classroom instruction over a period ranging from five weeks to six months.
The 10,000 Women initiative was launched in 2008 by the Goldman Sachs Foundation to educate women entrepreneurs in emerging economies. The initiative was designed specifically to provide a business
education, access to mentors and networks, and links to capital for 10,000 underserved women operating small businesses.
Post 2014, the 10,000 Women programme continues via a free online course, fellowship activities, and in the form of the Women Entrepreneurs Opportunity Facility.
Primary thematic area
Secondary thematic areas
Skills training
Financial services; Business development
Project details
Umbrella programme
Accountable Org(s)
Goldman Sachs
Funding Org(s)
Goldman Sachs
Implementing/
Partner Org(s)
University of Asia and the Pacific; IESE Business School (Spain)
Project contact
Candida G. Brush, Babson College (cbrush@babson.edu); Goldman Sachs media relations (+212 902 5400)
Funding (USD)
Committed
Spent
$
100,000,000
$
Project website
https://www.goldmansachs.com/citizenship/10000women/
https://www.goldmansachs.com/citizenship/10000women/news-and-events/10kw-progress-report/progress-report-full.pdf
https://www.goldmansachs.com/citizenship/10000women/10000-women-immersive/10000-women-brochure.pdf
https://business.inquirer.net/6702/business-ideas-for-returning-female-ofws
https://www.goldmansachs.com/s/10kwipad/resources/pdfs/10000_Women_Summary.pdf
D-Portal link
Project evaluation
Evaluation source
2014 Progress Report by researchers at Babson College, based on longitudinal participant survey data (at programme entry and at three intervals after graduation). The surveys track business performance,
business practices, community engagement, decision making and access to resources such as mentoring and
advising.
To ensure the accuracy of key data points collected from participants, randomized data validation is performed by the M&E liaison officer after each survey is administered. Thirty percent of the surveys are validated via a site visit to the participant�s business, with the remainder validated over the phone.
Evaluation methodology
Mixed
Programme targets
The founding objective was to spur economic growth and build stronger communities by opening doors for women whose financial and practical circumstances would otherwise prevent them from receiving a traditional business education (Babson College, 2014). Specifically, the programme objectives were:
� educate 10,000 women
� focus on underserved women SME owners
� partner with local academic institutions to build capacity in the selected countries
� rigorously measure results
Results achieved
By the close of 2013, the initiative had enrolled its 10,000th woman, 123 of which hail from The Philippines (Babson College, 2014).
Global results:
18 month after graduation, participants increased revenues by an average of 480%.
69% of participants increased revenue 18 months after graduating.
58% of participants added new jobs 18 months after graduating.
23% increase in confidence to make difficult decisions.
21% increase in confidence in negotiation skills.
Greater understanding and fluency with financial statements.
Targets met?
The founding objective was to spur economic growth and build stronger communities by opening doors for women whose financial and practical circumstances would otherwise prevent them from receiving a traditional business education (Babson College, 2014). Specifically, the programme objectives were:
� educate 10,000 women
� focus on underserved women SME owners
� partner with local academic institutions to build capacity in the selected countries
� rigorously measure results
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