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Author Topic: HSBC launches $1 billion lending fund for female entrepreneurs  (Read 19 times)

geemong

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HSBC launches $1 billion lending fund for female entrepreneurs
« on: May 12, 2022, 07:49:27 AM »
HSBC launches $1 billion lending fund for female entrepreneurs




HSBC Holdings said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months.

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The fund appears to be the largest of its type established anywhere, although HSBC did not comment on that issue.

"The level of funding received over time by female-led businesses is significantly lower than male counterparts, while the recent impacts of the pandemic have seen these same businesses disproportionately affected," Sam Cooper-Gray, global head of market strategy at HSBC Business Banking, said in a statement.

"Female-owned businesses are also less likely to have global networks, meaning international expansion can prove particularly challenging," she said.

HSBC said access to funding remained one of the biggest hurdles for female business leaders worldwide. Female-owned businesses had received just 3 per cent of start-up funding in 2019, HSBC said.
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GregoryHep

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Re: HSBC launches $1 billion lending fund for female entrepreneurs
« Reply #1 on: December 16, 2022, 07:34:21 AM »
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GregoryHep

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Re: HSBC launches $1 billion lending fund for female entrepreneurs
« Reply #2 on: December 04, 2023, 06:35:10 AM »
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