10,000 Women is a program organized by

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

and the

Goldman Sachs Foundation The Goldman Sachs Foundation is a New York-based, not-for-profit private foundation that is a subsidiary of the financial services firm Goldman Sachs and has the goal of bettering humanity worldwide, especially regarding health and education. In r ...

with the goal of helping to grow local economies by providing business education, mentoring and networking, and access to capital to underserved women entrepreneurs globally. The program was announced on March 5, 2008, at

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

. The initiative is one of the largest philanthropic projects the bank has been involved with. The program was in its initial years run by

Dina Habib Powell Dina Powell, also known as Dina Powell McCormick ( née Habib , ar, دينا حبيب; June 12, 1973) is an American financial executive, philanthropist, and political advisor, best known for having been the United States Deputy National Securi ...

, a managing director at Goldman Sachs. The program was continuing in 2022; Goldman Sachs published a report on the impact of the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

on female entrepreneursfrom the viewpoint of the 10,000 Women program.

Award process

As part of the program, Goldman Sachs committed

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

100 million in funding and partnered universities in Europe and the United States with business schools in developing and emerging economies.

Vital Voices Vital Voices Global Partnership is an American international, 501(c)(3), non-profit, non-governmental organization that works with women leaders in the areas of economic empowerment, women's political participation, and human rights. The organiz ...

presented the 10,000 Women Entrepreneurial Achievement Award at its annual

Global Leadership Awards The Vital Voices Global Leadership Awards honor international women leaders in the fields of human rights, economic empowerment, or political reform. The event takes place annually in early spring at the John F. Kennedy Center for the Performing Ar ...

event from 2009 to 2011. The award was given to a graduate of the 10,000 Women program, sponsored by Goldman Sachs. Past recipients include Temituokpe Esisi of Nigeria (2009), Andeisha Farid of Afghanistan (2010) and Fatema Akbari of Afghanistan (2011). In September 2013, Goldman Sachs launched a public

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presence for the 10,000 Women program using the screen name @GS10KWomen. In December 2015 the account had over 39,000 followers.

Women Entrepreneurs Opportunity Facility

In March 2014, the World Bank’s

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...

and Goldman Sachs 10,000 Women program launched a $600 million financing program called the Women Entrepreneurs Opportunity Facility to allow 100,000 women entrepreneurs in

emerging markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...

to have access to financing. IFC invested an initial $100 million in the program, and

provided $32 million, with an additional $486 million expected from public and private investors.

Academic partners

References

External links

10,000 Women
Goldman Sachs {{business-stub

Award process

Women Entrepreneurs Opportunity Facility

Academic partners

See also

References

External links