Grants for women living in refugee camps have helped recipients start businesses and learn new skills, allowing them to improve their quality of life. Additionally, the women created an informal cooperative and take turns investing a percentage of proceeds from each successful business into another member’s business.
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 MoreA disproportionate of the world's money is concentrated in the pockets of a handful. Muhammad Yunus sees the importance of social business in helping change this trend and distribute wealth more evenly.
Read MoreNew crowdfunding options can help even the smallest donor's contributions to have a meaningful impact, bolstering a sense of personal involvement, maximizing knowledge about causes, and inspiring greater participation.
Read MoreA group of Kenyan coastal women used a blue economy grant to establish a mud crab-fattening enterprise in Jomvu Creek, generating up to $310/month in collective income and planting nearly 1 million mangrove seedlings.
Read MoreAfter Boko Haram's insurgency deepened religious divisions in Adamawa State where Christians and Muslims had resorted to trading on separate market days, 200 women participated in a 2020 peacebuilding program led by the British Council and the Women and Youth Economic Advancement and Health Initiative. They received conflict management training and micro-grants to start or strengthen their businesses, and formed an interfaith group that established the Tumba Ra Ngabili community market, where Christians and Muslims now trade side by side.
Read MoreThe Heurich House Museum in Washington, D.C., has created two targeted initiatives—the Urban Manufacturing Incubator and the DC Makers' Guild—to support local small-scale artisan businesses facing barriers to growth such as high rent fees and limited visibility. These programs provide mentorship, business coaching, market entry opportunities, like various mini markets throughout the year, and advocacy support to improve market conditions for these small businesses.
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