Designer Tory Burch To Lend Women Entrepreneurs A Hand
Designer Tory Burch doesn’t just outfit hundreds of thousands of American business women with chic and stylish clothes that help them look and feel their best. Now, the female fashion founder is lending a hand to empower women entrepreneurs too. In a guest post for Fortune Magazine this past week, she unveiled the new Tory Burch Foundation, which is dedicated to “help mothers provide for their children,” inspired in part by her three sons and her own dream of helping women entrepreneurs. Recognizing that moms across the globe struggle to support and provide for their children, Burch saw an opportunity to get involved. The foundation will focus in part on microfinance loans and other strategies to help small business owners launch and sustain companies. It’s already been proven that microfinance can help low income people — Kiva.org is a great example of that model. As Burch notes in her article, loan amounts are larger in the U.S. than developing countries, but through research has learned that only 2% of people who could benefit from microfinancing have access. That leaves out a large gap the designer hopes to fill. Burch goes on to share additional insight about her plans for the foundation. It’s an inspiring read. To learn more about the Tory Burch Foundation, you can visit it online here.
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