Women in Business
The African Angel Alliance intends to empower women in existing small businesses in Kenya. Through its grant program, funding of up to $500 is provided to women entrepreneurs, enabling them to invest in equipment and resources essential for expanding their businesses. As these women increase their income, they use it to not only support their families but also contribute to the betterment of their communities, churches and other businesses through a “pay it forward” approach. To date, AAA has granted 125 women with funds to grow their businesses. The effect of these relatively modest grants has been enlightening and most encouraging, as nearly 100% of the grantees have been successful in their endeavors. Examples of these successes include growing their customer bases, hiring additional staff, improving work locations, and adding credibility and professionalism to their various businesses. African Angel Alliance’s commitment to women’s empowerment is based on these premises.
- A large percentage of Kenyan women are sole breadwinners with many children to support.
- Cultural belief is that women’s place in society is that of childbearing, and six out of ten Kenyan women are likely to be single mothers by age 45.
- Studies show that women in Kenya invest 80-90% of their income back into the family, a significantly larger percent than Kenyan males.
AAA’s commitment to women’s empowerment in business is a vital component in the development of civil society and overall progress of financial independence in Kenya. By providing financial support and resources to female entrepreneurs, AAA recognizes the significant role women play in driving economic growth and stability, thus fostering positive momentum within their communities.
