When a girl has access to education, the rate of child marriage decreases, early motherhood is avoided, maternal health improves along with the health of entire families, and the gaps in pay narrow as gender equality improves, according to the UN. Girls, and the women they become, have the power to drive positive social change around the world and yet, two-thirds of girls are denied education globally and just three per cent of venture capital funding goes to female entrepreneurs worldwide. It will take as many as 108 years to reach gender parity at this rate.
yher is an Australian-born campaign working to change that. It is part of ygap, a not-for-profit based in Melbourne but operating in Africa, the Pacific and South Asia, that strives to close the gap in unequally distributed opportunities, specifically for women.
The yher campaign, which was launched in 2017, is entirely led by and for women. yher assisted 63 emerging female entrepreneurs and leaders to make sustainable changes in their communities and countries. Some of the innovative, hard-working women the campaign supported with funding, access to training and mentorship include: Lebo who started an initiative to provide shelter and counselling to women and girls who face gender-based violence in South Africa; tech-savvy Jonina in the Asia Pacific who uses drones to provide water and survey infrastructure; and Azwa who is improving the quality of education in Bangladesh by training teachers.
Nearly 850 women have applied to yher seeking support to achieve their dreams of social impact over the last 18 months. That means yher must grow to match their ambition. The campaign aims to draw $500,000 AUD in funding by 30 June to help support more female leaders change the world. Any donations made before or on that date will be tripled, and all are tax-deductible.
Question: What is yher?
Manita Ray: yher is a female-focused program which is specifically designed to empower emerging female leaders in emerging markets. It is a program designed by women for women. Female founders often do not have the same oppoprtunities provided to them as their male counterparts. yher creates an equal platform so female founders can grow and scale their businesses.
Question: What inspired ygap to create the yher campaign?
Manita Ray: We began yher with the aim of creating a more feminine approach to accelerating businesses in emerging markets. One that provides a welcoming space for women to come together, inspire each other, and address the unique challenges female entrepreneurs face. The global ecosystem has been dominated by male-run programs that often fail to attract women and accommodate their needs - of 131 corporate accelerator programs, 87% are run by men. This is just one of the many reasons that globally, female founders only receive 3% of venture capital funding.
We provide an alternative and in doing so, we are shining a light on the outstanding female led social businesses around the world and will continue to shift more support and capital towards helping them grow. Despite raising less, female founders are likely to produce more revenue than their male counterparts. Women are also more likely to invest three times more of their profits back into their family and community.
The yher program has a proven curriculum to help women refine and scale their business. We ensure that yher provides the psychological safety needed to discuss the barriers that are holding them back and develop the strategies, confidence and business acumen they need to grow their ventures. We do this because in the countries where we work, women have often faced violence or are subject to cultural or religious practices that make it difficult for them to let their guard down, share honestly, or learn effectively in the presence of men.
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