After Nepal's 2015 earthquake, many village women were left in financial devastation and struggled to support their families. The earthquake destroyed up to 90% of small enterprises and markets, so the United Nations Development Programme trained women how to weave. As a mode of recovery, the weaving industry has helped rebuild the economic and social structures through the Panchakanya group.
Read MoreTo combat unemployment, the Girls2Women Initiative runs 6- to 12-week training programs for girls and women in underserved communities in Nigeria. During this time they learn skills they can use to find a job or start their own business in industries like graphic design, decor, and tailoring.
Read MoreListeners of the Nigerian radio program KaraKata have access to business education, financial literacy information, and empowerment — as well as crowdsourced seed funding to get their own business off the ground. Listeners call in to make a case for why they should become a beneficiary, and the program has awarded funds to 1,250 people since it began distributing seed money in 2017.
Read MoreInmates to Entrepreneurs has graduated 1 million people from its eight-week program that teaches incarcerated people how to start their own low-capital businesses. An extension of a free online entrepreneurship course, Starter U, the program offered in-person workshops until COVID forced it to go virtual. One study shows the unemployment rate in December 2020 for formerly incarcerated people was more than 27%, more than four times higher than the general public. Inmates to Entrepreneurs was started 28 years ago in North Carolina's prison system.
Read MoreFacing the economic strain from the financial fallout caused by the coronavirus crisis, Tenino is printing its own money like it once did in the wake of the Great Depression. The small town in Washington has issued at least $2,500 worth of wooden bills to exclusively be used for small businesses on Main Street. Thirteen residents have applied for the funds and $150 have been spent by residents on necessities as of June. Other small towns across the country have already sent inquiries to the mayor of Tenino, seeking to imitate Tenino's effort.
Read MoreThe German government has spent billions to keep small businesses and freelancers afloat during the pandemic. Entrepreneurs who qualified were sent funds, often within 2 business days, specifically for business-operating costs such as commercial rent. Some businesses are hoping for more support in the form of rent freezes depending on how long the lockdown continues while others lost out on funding by waiting too long. The program ran out of money but the government has announced additional aid packages.
Read MoreThe French government has spent billions to keep small businesses afloat during the coronavirus lockdown in hopes that the stopgap funding will ensure a quick economic recovery once the health crisis abates. The funding has been on a national and regional level, with extra funding for those who have been rejected for bank loans and are suffering the most. Small businesses are also exempt from rent, gas, or electricity payments until the country reopens. The distribution of funding has come with its challenges as some business fall through the bureaucratic cracks.
Read MoreCommunity banks in Wyoming were able to better serve local businesses in securing federal funds from the Paycheck Protection Program. The smaller banks were able to quickly pivot their staffing and operations need to process the overwhelming number of applicants, resulting in an approval rate of 100 percent in some counties. Personal connections in the smaller communities also led banks to work overtime and do everything in their power to help local businesses, in contrast to big banks which appeared to prioritize clients with higher net worth, according to reports.
Read MoreIn Zanzibar, young women are overwhelmingly becoming entrepreneurs in order to combat the high rates of unemployment. “Women's increasing interest in self-employment is more pronounced than men’s: 20.8 compared to 12.7 percent.”
Read MoreWashington D.C. struggles with the highest incarceration rates in the nation that already imprisons more people than any other country in the world. But a few determined individuals, including ex-offender Juan Reid, are working to break the cycle by empowering former inmates to join their business cooperative, Tightshift, catered specifically to those reentering the system by providing job training and paid work, as well as critical emotional healing and support.
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