We Believe in Empowering Women

When women work, economies grow. According to various sources¹ women empowerment is key to sustainable economic development.

Women’s empowerment is a central key to reduce poverty and promote development around the world. Economic empowerment includes having control over income and family resources, ownership of assets, opportunity for employment and access to markets and representation in economic decision-making roles. With economic empowerment, women can gain financial independence, enter the workforce, and have equal opportunity to gain positions of economic power².

The empowerment and autonomy of women and the improvement of their political, social, economic and health status is a highly important end in itself. In addition, it is essential for the achievement of sustainable development. In all parts of the world, women are facing threats to their lives, health and well-being as a result of being overburdened with work and of their lack of power and influence. In most regions of the world, women receive less formal education than men, and at the same time, women's own knowledge, abilities and coping mechanisms often go unrecognised³

In the past decades, the health and education levels of women and girls in developing countries have improved a great deal - in many cases they are catching up to men and boys. But no such progress has been seen in economic opportunity: women continue to consistently trail men in formal labor force participation, access to credit, entrepreneurship rates, income levels, and inheritance and ownership rights. This is neither fair nor smart economics: Under-investing in women limits development, slows down poverty reduction and economic growth⁴.

Benefits of Empowering Women

  • Women’s economic empowerment is central to realising women’s rights and gender equality.

  • Empowering women in the economy and closing gender gaps in the world of work are key to achieving the 2030 Agenda for Sustainable Development⁵

  • When more women work, economies grow.

  • Increasing women’s and girls’ educational attainment contributes to women’s economic empowerment and more inclusive economic growth.

  • Women’s economic equality is good for business⁶.

Women make up 50 percent of the entire world population but sadly also represent 50 percent of the world’s extreme poor. We are currently not harnessing the full potential of women and how they can contribute to the economy and society of a country.

When 6° talk about women empowerment it includes economic, social and cultural, legal, political and psychological factors. By empowering women to gain financial independence through vocational skills training and support in finding gainful employment and/or start small businesses their families and communities prosper and grow. Learning allows women to acquire new skills, knowledge and the self-confidence to participate fully in society and contribute to the sustainable economic development of their country. By offering vocational skills training opportunities in occupations traditionally practiced by men we aim to help break down cultural and societal barriers as well.

 

Sources: ¹UNFPA, World Bank, ResearchGate and the Borgen Project; ²The Borgen Project; ³UNFPA; ⁴World Bank; ⁵UN; ⁶UN Women

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“There is no tool for development more effective than the empowerment of women.”

KOFI ANNAN