The struggles of the poor U.S. economy has hit everyone, women especially! Many are exhausted from the high cost of fuel, the constant fear of your job being outsourced and Wall Street finding every way possible to reach further into the pockets of hard-working American’s. Although many people are throwing in the towel and ready to give up, fashion designerTory Burch is trying a more proactive approach by schooling entrepreneurs about the world of Microfinance.
Tory Burch Foundation
In 2009 Burch created the Tory Burch Foundation to inspire women to live out their dreams as entrepreneurs by providing financial tools and creating economic opportunities to women in the United States.
The foundation website provides the following statements on how women have been effected by the recent economic crisis:
Women are the majority of poor citizens in the United States, with 13 million women living in what the Census Bureau calls “deep poverty”. Women are less likely to qualify for medical benefits or unemployment insurance. In the U.S., having a baby is a leading cause of a person’s income dipping below what’s needed to cover basic living expenses. Single mothers are at the highest risk of poverty and are the most likely to be self-employed entrepreneurs.Recent studies show that women, especially mothers, have also been disproportionately affected by the recent crisis.
Microfinance and How it Can Help Your Dreams
Microfinance is the provision of financial services provided to low-income clients who lack access to traditional forms of banking and finance. The Tory Burch Foundation has partnered with ACCION USA to assist by providing women, with a dream of creating their own small business, with loans and financial services.
Women, if you are interested in starting your own small business but lack the funding, look into the Tory Burch Foundation and ACCION USA, apply for a microloan and see your dreams come true!
Do Your Part
It takes more than just hard work and effort to help create economic change for women. This change also requires MONEY to get the job done! There are two ways you can help the Tory Burch Foundation:
Donate to the cause Shop for the cause
Check out some of your favorite pieces in the Tory Burch Foundation Collection. All of the products in the Tory Burch Foundation Collection are limited edition and all the proceeds support the foundations work!