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Founder's ProjectsWomen's Economic Development

Women’s Economic Development

Committed to the core belief that women are central to economic growth, the Women’s Economic Development Initiative supports partners who promote market activity which brings women to economic independence.

Since 2007, 872,845 women have enrolled in training and education programs across Bloomberg Philanthropies’ Women’s Economic Development Initiative, directly benefiting 3.4 million of their children and family members. These investments have increased the number of children educated and their parents purchasing their own health insurance.

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Partnership with Women for Women International

Since 2008, Bloomberg Philanthropies has worked with the nonprofit Women for Women International in marketable skills so they can increase their incomes and support their families. To date, Women for Women International, with the support of Bloomberg Philanthropies, has trained 320,000 women in income-generating activities. 

 

With construction and supply vocational training programs, the women participated in building a six-classroom training facility. Photo Credit: Elizabeth Felicella/Sharon Davis Design

Partnership with Sustainable Growers

Since 2013, Bloomberg Philanthropies has invested in the innovative training of coffee farmers and producers, bringing smallholder farmers up through the coffee value chain. More than 58,000 women have been trained and produced coffee that is served in hotels, cafés, and airlines. Sustainable Growers was showcased at Expo 2020 in Dubai, and in an independent evaluation, it was shown that this model indicated that yields on farms worldwide can increase by up to 30%. 

 

Before Bloomberg Philanthropies’ investment in training, women would pick cherries off the coffee tree that were not high quality. Less than 2% of their crop could be sold. Once they learned the “Color of Excellence”, worn on a vest or as a bracelet, the quality of their coffee increased by 40%, resulting in a higher yield price on the international market.

Partnership with Nest

In 2014, Bloomberg Philanthropies invested in the non-profit Nest to build the capacity of small organizations to reach artisans and handmakers, while creating market access to a global workforce. Since that time, Nest has reached more than 435,000 handworkers, while makers increased their incomes over the minimum wage by 108%. 

 

The beginning stages of a utensil holder on the lap of an artisan weaver in Uganda. Photo credit: Nest
The beginning stages of a utensil holder on the lap of an artisan weaver in Uganda. Photo credit: Nest

Partnership with CARE

In 2020, Bloomberg Philanthropies partnered with CARE to increase women farmers’ income and agricultural productivity through collective investments in Village Savings and Loan Associations. Building on the success of the program, which mobilized 29,000 Village Savings and Loan Associations, the partnership was expanded to train 41,000 Village Savings & Loan Association presidents reaching over 150,000 farmers.

 

Women part of a Village Savings and Loan Association in Tanzania.

Partnership with African Women Entrepreneurship Cooperative

In 2021, Bloomberg Philanthropies and the African Women Entrepreneurship Cooperative partnered to support women entrepreneurs in Africa. Following a skills-based individual plan, women entrepreneurs develop long-term strategies and sustainable business models to ensure sustainable impact on their businesses and employees. 

 

Since launching in 2017, the African Women Entrepreneurship Cooperative has trained 1,200 women entrepreneurs representing 52 countries.

Evaluations

See reports about the work of the Women’s Economic Development program and our partners.

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Hands to Heritage Documentary

Bloomberg Philanthropies has supported basket weaving initiatives in South Carolina and Africa to increase economic opportunities for people who work with their hands.

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Rwandan master weavers exchange techniques with a master weaver from South Carolina during her visit in Africa.

Product Catalog

See a Product Catalog featuring partners of the Women’s Economic Development Initiative.

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Top photo: Women enrolled in Bloomberg Philanthropies funded training programs.

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