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UN announces support to digital solutions to accelerate economic recovery of women enterprises
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund with partners FMO, Visa and the Government of Canada are pleased to announce the winners of the Women Enterprise Recovery Fund. The 10 winners, which include technology providers, FinTechs and commercial banks, will receive financial and technical support over the next 12 months to pilot and test their innovations. The solutions developed by the 10 winners will support women entrepreneurs to access and use digital solutions and finance technologies which support business recovery and growth.
UN Asia-Pacific fund to support female entrepreneurs in Southeast Asia
Posted : 2021-01-15 12:43
Updated : 2021-01-18 10:06 The U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) has joined hands with the U.N. Capital Development Fund (UNCDF) to launch the Women Enterprise Recovery Fund supporting female entrepreneurs in Bangladesh, Cambodia, Indonesia, Myanmar, Nepal and Vietnam. / Courtesy of ESCAP
By Yi Whan-woo
The U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) has teamed up with the U.N. Capital Development Fund (UNCDF) to launch a fund supporting female entrepreneurs in Bangladesh, Cambodia, Indonesia, Myanmar, Nepal and Vietnam.
Monday, 11 January 2021, 3:52 pm
Bangkok (
ESCAP news) – The United Nations
Economic and Social Commission for Asia and the Pacific
(ESCAP) and the United Nations Capital Development Fund
(UNCDF), with support from the Dutch Entrepreneurial
Development Bank (FMO), the Government of Canada, and Visa
Inc. have launched a ‘Women Enterprise Recovery Fund:
Promoting and Upscaling Digital Solutions for Enhancing
Women Enterprise Growth and Resilience’.
“Through
this Fund, we will support innovative business solutions
that address the constraints faced by women enterprises in
South and South-East Asia. These solutions are especially
crucial today as we know women enterprises have suffered
disproportionately from COVID-19. Now is the opportunity to
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UN rolls out fund for women-led firms
Mon, 11 January 2021
Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP).
With support from the Dutch Entrepreneurial Development Bank (FMO), the Canadian government and Visa Inc, UNESCAP and the UN Capital Development Fund (UNCDF) have rolled out the “Women Enterprise Recovery Fund: Promoting and Upscaling Digital Solutions for Enhancing Women Enterprise Growth and Resilience”.
UNESCAP said in a January 11 press release: “Applicants to the fund can be based anywhere globally, but the project implementation and solution must target women enterprises in one or more of the following countries – Bangladesh, Cambodia, Indonesia, Myanmar, Nepal or Vietnam.”