In the Middle East, only 7.6% of women are early-stage entrepreneurs compared with 11.8% of men. Although there has been a gradual increase in the number of women running businesses, women entrepreneurs still face considerable barriers on their path to success. Many women, for example, still struggle to access financing options, coaching opportunities and networks.
The women accessing our project completed vital business training, delivered by our partner on the ground, grow.ME. This in-depth training helped to boost women’s confidence by enhancing their skills and capabilities in key business areas. The women who graduated from the project will now be able to pass on their experiences and learning through mentoring support to future intakes of women entrepreneurs. The project also formed strong links with financial institutions and banks in order to facilitate women’s access to capital – a key component in ensuring the success and sustainability of women-owned businesses.
The UAE is one of the most important economic centres in the Middle East, and through this initiative, we worked to strengthen women’s economic contribution to their families and their wider communities.
The JPMorgan Chase Foundation is an affiliate of J.P. Morgan Chase & Co. Through strategic partnerships with organisations across the region, the JPMorgan Chase Foundation focuses its investments on the most vulnerable people and supports sustainable programmes that have a clear and measurable impact.
grow.ME is a Dubai based, impact development consultancy whose mission is to power people and businesses to achieve transformative results. Grow.ME has extensive experience delivering entrepreneurship programmes in the region, which focus on personal confidence, business models and financial acumen.