Fredericks Foundation launches £2m fund for entrepreneurial women
Melanie May | 27 September 2017 | News
Fredericks Foundation launches Women’s Loan Fund today, a £2 million fund available to disadvantaged women with a viable business plan who want to launch a new business or need support to develop an existing one.
Fredericks Foundation provides microloans and ongoing business support to people who are seeking to start or grow their own business but cannot obtain mainstream finance. Through the Women’s Loan Fund, the charity will provide loans of up to £10,000 for start-ups and follow-on loans of up to £35,000 to cash-poor women entrepreneurs. As well as financial support, each entrepreneur will also benefit from specialist mentors who will guide and help borrowers to develop and grow their businesses.
Duncan Parker, CEO at Fredericks Foundation said:
“We have created this special fund for women entrepreneurs who can’t access mainstream financing because of the lack of available finance given to female entrepreneurs, and the social impact of lending to women is greater. Their families and communities have higher chances of becoming successful and thrive when women achieve a reliable income.
“Fredericks Foundation aims to help an increasing number of families and communities to move away from a life of financial dependency on benefits and empower them to increase confidence in their future, self-esteem and new skills.”
Advertisement
About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.