Goldman Sachs to Provide Management Education to Women Social Entrepreneurs

While the work of microfinance institutions such as Grameen Bank and Unitus have done wonders to empower women in developing countries, these budding entrepreneurs continue to lack any formal business training. To address this dearth in education, Goldman Sachs announced last week that it will invest $100 million over the next five years to provide management education to help women microfinance clients scale up their businesses.

In an announcement at Columbia University in New York City, Goldman Chief Executive Lloyd Blankfein said the company is hoping to create a new model of management education designed to help these women learn everything from how to write a business plan to market their own business. The company will be teaming up with a coalition of top business schools, including Wharton, Columbia, Harvard, and Thunderbird School of Global Management is teaming up with the American University of Afghanistan in Kabul to develop a certificate program and a training program for professors.

“This could be the start of something transformational around the world,” says Ruth Simmons, president of Brown University, which will work with the University of Cape Town Business School in South Africa to create a new business training certificate program.

Microcapital.org writes that in addition to funding the program Goldman also intends to build a network of female entrepreneurs throughout the world.

In addition to business training, the 10,000 Women program organizers hope to create a network of female entrepreneurs and advisers who can serve as role models for aspiring business owners. [Maha] ElShinnaway says she hopes [Eman] Yousry [a recruited entrepreneur] will eventually be able to serve as a mentor to women in the program and as an example for case studies the schools will develop on how female entrepreneurs in developing countries overcome societal challenges to become successful business leaders.

Advertisements

4 Responses

  1. […] informasi.beasiswa@gmail.com (Scholarships International) wrote an interesting post today onHere’s a quick excerptTo address this dearth in education, Goldman Sachs announced last week that it will invest $100 million over the next five years to provide management education to help women microfinance clients scale up their businesses. … […]

  2. We are proud to hear that Goldman Sachs is giving women a chance at management scholarships. We want other women to know they can search for additional resources at freetoapply.com.

  3. Hi,
    I want to know what kind of a course is this? Can i apply for it being in India? and how do i get more information regarding this course?

  4. Dear Shatakshi,

    They just launched the initiative and my guess is that they are still working out the modalities. You can check their site for updates:
    http://www.10000women.org or write to them at info@10000women.org.

    Meantime, as always we will cover any specific opportunities on TC-I.

    Thanks!

    Regards,
    Santhosh

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: