Women Home Loans – Web Eclair http://webeclair.com/ Tue, 02 Aug 2022 02:20:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://webeclair.com/wp-content/uploads/2021/05/web-eclair-icon-150x150.png Women Home Loans – Web Eclair http://webeclair.com/ 32 32 Local nonprofit sells Guatemalan handicrafts to empower women entrepreneurs https://webeclair.com/local-nonprofit-sells-guatemalan-handicrafts-to-empower-women-entrepreneurs/ Tue, 02 Aug 2022 02:20:02 +0000 https://webeclair.com/local-nonprofit-sells-guatemalan-handicrafts-to-empower-women-entrepreneurs/

From its office in Lakewood, Friendship Bridge works to eradicate poverty in Guatemala

By Lydia Shoaf

Friendship Bridge, a local nonprofit that creates opportunities for women in Guatemala to grow their businesses, has renovated part of their Lakewood office into a store selling authentic Guatemalan products, handcrafted by their artisan customers. rural areas of the country.

The showroom in the office features a collection of handmade handbags, scarves, home decor baskets, ornaments and other gift items in rich colors and textiles. “Guatemala is well known for its vibrant colors and very rich culture that began with the Mayan civilization,” said Maya Colop-Morales, Handicrafts Program Manager, Handmade by Friendship Bridge. “We see these colors in traditional clothing as well as in street art and paintings on buildings in the city.”

Shoppers can also find beaded jewelry made by women like Mirian, a Friendship Bridge customer who lives in San Jorge la Laguna, Sololá, Guatemala, who hopes to one day buy a tiny house so her children can have their own bedroom. . “When I fulfill orders, I can buy notebooks for my children and also buy groceries for my house. The dreams I have are for my business to grow and be able to help my family,” Mirian said. “I want to educate my children…because I haven’t had the opportunity to study.

Helping artisans sell products is just one of the many services offered by Friendship Bridge to help Guatemalan women entrepreneurs grow their businesses, support themselves and thrive in their home country. Since 1998, the organization has provided small loans and business training to low-income women who would otherwise not qualify for traditional loans.

“An advanced training program that artisans receive focuses on understanding international markets,” Colop-Morales explained. “As a class activity, they are creating two different shopper profiles, including a mood board with cutouts from international fashion magazines. It helps them to design and produce for the buyer.

Support the women entrepreneurs of Friendship Bridge by clicking “Shop” at www.friendshipbridge.org or by making an appointment to shop in person at the office showroom, 405 Urban St., Ste. 140 Lakewood, 9 a.m. to noon, Monday through Thursday. Call 303-674-0717 or email info@friendshipbridge.org.

Lydia Shoaf is Content and Press Officer for Friendship Bridge.

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Democrats in Congress urge Biden to extend pause on student loans https://webeclair.com/democrats-in-congress-urge-biden-to-extend-pause-on-student-loans/ Sun, 31 Jul 2022 10:57:47 +0000 https://webeclair.com/democrats-in-congress-urge-biden-to-extend-pause-on-student-loans/

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Democrats in Congress urge Biden to extend pause on student loans

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How women come together to fight injustice and oppression https://webeclair.com/how-women-come-together-to-fight-injustice-and-oppression/ Fri, 29 Jul 2022 07:09:43 +0000 https://webeclair.com/how-women-come-together-to-fight-injustice-and-oppression/

Sanitary napkins wrapped in newspaper passed under the desk in class, group trips to the bathroom, sly notes in secret languages, mutual aid groups selling crisps, shared recipes and silent solidarity in the kitchen. In India, friendship between women can look like many things. For 17-year-old student Anita (name changed), it took the form of a late-night phone call to an older woman, the daughter of her father’s friend. “I skipped my period for a month after having sex with my boyfriend for the first time. I was freaking out,” Anita recalls. , Anita couldn’t ask her feminist mother for help. “I needed a friend, another woman who would understand what I went through without judgment and tell me what to do.” Anita is not got pregnant. Instead, she was diagnosed with a hormonal disorder called PCOD. But she recalls the shame she felt at the time and adds how grateful she was to have a wife she could call on for help at a time when she couldn’t call on anyone else.

Like Anita Have I got, women are often the first to respond to any crisis faced by other women. Whether it is the common history of oppression faced by women in patriarchal systems in all countries and cultures, or the result of an oft-enforced homosocial norm of existence, solidarity of women arises from the need to support each other in the face of hostile situations and common oppressors. And in India, women’s solidarity and networking has helped spearhead several movements for the socio-economic and political upliftment of women. Yet most Indian women grow up hearing and believing that “women are women’s worst enemies”, a stereotype perpetuated by countless saas bahu soap operas depicting evil mothers-in-law and evil vampires to crowd out innocent, “good” women.

Turkish feminist scholar Deniz Kandiyoti in her seminal 1988 essay Negotiating with the patriarchy spoke about the strategies employed by women to make the most of oppressive gender structures and move up the social and family ladders. But while pop culture widely promotes the trope of women hating women, Professor Mary E. John, former director of the Center for Women’s Development Studies at Jawaharlal Nehru University, points out that such simplifications undermine the complex set of factors that actually dictate gender relations and dynamics. “Family and marriage form the fundamental blocks of patrilineal and patriarchal society in most parts of India. These institutions are organized with the notion of a male head of household who has a certain notion of power, while women live in direct dependence on male members. On the other hand, there is an emphasis on homosocialization and the application of the public-private divide, which forces women to be grouped together, whether at school or at home,” said John. Outlook. “Negotiating with patriarchy was a way of saying that even within such patriarchal structures, women do not simply become victims of fear, always oppressed and subjugated. Instead, they have the power to bargain because they have something to give, be it sexual gratification, reproduction, the potential for male heirs, or work,” adds John. However, despite their apparent superiority, she points out that the fact that they negotiate means they are not in a position of control.

Most Indian women grow up hearing and believing that “women are women’s worst enemies”, a stereotype perpetuated by saas bahu series.

Kavita Krishnan, secretary of the All India Progressive Women’s Association and a prominent left-wing leader, believes that solidarity among women plays an important role in the socio-political and economic upliftment of women. “I wouldn’t be in politics if it weren’t for the friendship between women and the very strong bonds of friendship that drew me to activism,” she says. Outlook. Krishnan points out that patriarchy compels women to become guardians of patriarchal morality within the family and thus demean other women. “The directive to oppose women who challenge patriarchal norms runs deep and finds a voice in all of us women at one time or another. The fact that friendship and camaraderie among women can provide a safe space where women can challenge this strong directive is important and little talked about,” says Krishnan. Those who impose patriarchy are very aware of this power of female friendships and solidarity and are constantly trying to diminish or undermine these In the 1980s, Krishnan says, there was a wave of self-help groups and micro-finance movements that grew into more expansive movements against women’s issues like domestic violence and sexual abuse. Today, the same government or the same public agencies behind microfinance institutions have begun to encourage women to turn against each other in cases where one of them does not not repay his loan.

Despite these attempts, female solidarity finds a way. During the Covid lockdown, when marginalized women faced job losses and massive debt, women from the microfinance movements banded together and protested; some even got their governments or state agencies to reverse the punitive measure and give women more time to repay their loans. Several sex workers from Telangana and West Bengal Outlook interviewed about the increase in debt during the lockdown, testified to the problems they faced in repaying their debt and to women’s efforts to buy more time and leeway for defaulters instead of acting as loan sharks against them.

The age of innocence 8 years Anoushka Govilhis vision of friendship

In Uttar Pradesh, women’s rights activists who previously worked with the now defunct Mahila Samakhya program tell similar stories of solidarity networks that continue to provide assistance to victims of gender-based violence through meetings and informal sessions that work even without government funding. Activists have attempted to harness the power of female friendships and networking to create constructive resistance, especially in rural parts of India where many women who experience violence or abuse have no social structure or safety net. of security. Since the majority of systemic abuse comes from intimate partners, parents or family members, victims often have no place to file their complaints or even disclose their trauma to anyone. “The need for women’s networks based on mutual trust and cooperation can be critical in such situations,” says Khalid Chaudhry, Regional Director of Action Aid Association, which runs the Adolescent Girls Network at UP to provide an environment protective and supportive by involving women in the community to act as watchdogs against violence experienced by women. One of its members, Anjali, 13, recently succeeded in preventing the early marriage of a friend who was studying at his school in Badaun. “His family was not supportive. It was only up to some of us girls in the school to know what to do,” says Anjali. Outlook.

While male friendship is celebrated in tales of bravery and resistance like Bollywood’s Jai and Veeru or the legends of King Arthur and Lancelot in the West, women’s stories remain untold.

Not all women are activists and not all female friendships lead to movements. Women in a family may come to form solidarity against an oppressive male or form a sisterhood to influence socio-political change. But even the simplest of friendships between women can shape female identities not only by challenging patriarchy, but also the notions of kinship underpinned by Indian caste-based family structures, which mostly result in women being cut off from their own family or sources of socialization outside the home.

Eileen Green, in her 1998 essay, describes how even women’s recreation sites often become gateways to reconstructing femininities. Green argues that phenomena like “women’s discourse” can be examined as examples of “key mechanisms by which female subjectivities are secured.” Interaction in leisure settings with close friends or acquaintances – as when women interact at the common well in villages or “work-woman” discussions in urban office cafeterias during lunch breaks – provide essential spaces for women to “review their lives” and assess their lives. pains and satisfactions through the social “mirror”, humor and shared advice on how to survive. Surabhi Yadav, who has documented women in their leisure time as part of the “Basanti Project”, says: “Leisure brings women together, it is a glue that can bring people together, especially the oppressed, without an agenda.” The Instagram handle, which has over 17,000 followers, is a selection of photographs and stories depicting everyday women at leisure, sharing moments of intimacy, individuality and sisterhood. “Perhaps in leisure, because our guards are down, we are lighter on our human condition, which is often complex and daunting,” Surabhi muses.

Examples of the contribution of female friendships and solidarity to movements against oppression are not lacking in history. Krishnan, in his latest book, talks about the friendship between Shah Jahan Appa and Satya Rani Chaddha during the anti-dowry movement in Delhi in the 1980s, which was intrinsic to the success of the movement. Or the powerful friendship that developed between stalwarts like Savitri Bai Phule and Fatima Sheikh, who played a huge role in empowering thousands of women. Or the kinship and shared love for the forest between the women who were at the center of the Chipko movement to save their trees. While male friendship is often praised in stories of bravery and resilience like Bollywood’s Jai and Veeru or the legends of King Arthur and Lancelot in the West, women’s stories, as usual, remain untold.

(This appeared in the print edition as “Sisterhood of Solidarities”)

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America’s Aging Student Debtors https://webeclair.com/americas-aging-student-debtors/ Wed, 27 Jul 2022 18:15:32 +0000 https://webeclair.com/americas-aging-student-debtors/

On a warm October evening in 1932, Franklin Delano Roosevelt stood on a baseball diamond in Pittsburgh, delivering an impassioned speech on the unlikely topic of passion: the federal budget. “Sometimes somewhere in this campaign I have to talk about dollars and cents, and it’s a terrible thing to ask you to listen for forty-five minutes to the federal budget story, but I’m going to ask you to do,” he told the crowd. At the back of the park, a two-year-old black girl named Betty Ann sat on the shoulders of her father, Robert, as he struggled to choose the man he was sure would become president. Robert was a hard-line Republican – his grandfather, a Virginia slave, had been enfranchised by President Abraham Lincoln. Still, he felt compelled by FDR’s message. Hard times had meant he had begun paying reporters for the Pittsburgh Black newspaper, which he ran, out of his own pocket. Much to his distress, his wife had taken to standing in the relief lines in order to feed Betty Ann and her sisters. A few weeks later, when Robert voted for FDR, he wept in dismay at voting against Lincoln’s party. Thereafter, he became a devoted Democrat and engaged fervently in local politics until he fell ill five years later. He had two final wishes: for his wife to assume her role as Democratic ward chairman and for Betty Ann and her sisters to go to college.

The family was successful on both counts: as parish president, Robert’s wife maintained the family home as the backbone of the community, and Betty Ann, who requested that she and the members of her family are identified only by their first name, grew up with a constant stream of neighbors. through the house. Although her mother had no money, Betty Ann was an excellent student and earned enough scholarships to earn a bachelor’s and master’s degree in education. Over the next few decades, she worked as a public school teacher in Pittsburgh and Harlem, in addition to raising two children as a single mother. But she grew increasingly frustrated with the marks of educational inequity – moldy lunches, shoddy reading materials – that plagued her classrooms. “I thought the only way to change things was to get an advanced degree,” she told me.

In 1983, at the age of fifty-two, Betty Ann enrolled in law school at New York University. As a middle-aged black woman, she wasn’t exactly the typical NYU law student. Her white male classmates slyly pushed her books across the long tables in the library, and once, as she stood in front of her locker, a classmate waved her a check for ten thousand dollars, signed by her father. , in front of his face. Betty Ann had borrowed twenty-nine thousand dollars in federal loans. Today, she owes $329,309.69 in student debt. She is ninety-one years old.

Americans age sixty-two and older are the fastest growing demographic of student borrowers. Of the forty-five million Americans with student debt, one in five is over fifty. Between 2004 and 2018, student loan balances for borrowers over the age of fifty increased by five hundred and twelve percent. Perhaps because policymakers viewed student debt as the burden of upwardly mobile youth, inaction seemed a reasonable response, as if time itself would solve the problem. But, in an era of falling wages and rising debt, Americans aren’t getting old on their student loans — they’re getting old.

Credit assumes that what we cannot afford today can be repaid by the richer self of tomorrow – a self that is the richest because wealth mobilized by these debts. Perhaps no form of credit embodies the myth of a richer future better than student loans. Under the vision of liberal economist Milton Friedman, student loans emerged in the 1950s as an outgrowth of “human capital” theory, which posits the self as, above all, a unit of investment. Lending money so that people were educated was not only a good investment – borrowers were sure to get well-paying jobs that would allow them to repay the loan – but smart macroeconomics: more educated people would increase the Country’s GDP Education would be a perk.

But the influx of aging debtors calls into question the principle of education for human capital. The erosion of union density, falling wages, and skyrocketing tuition fees have all made college less of a path to high-paying jobs and more of an escape for the lowest-paid. Those who have incurred debts are increasingly unable to repay them; many have not even received diplomas. The student debt crisis is particularly severe for black borrowers. Racial wealth gaps mean black debtors borrow more to attend college and carry their balances longer, effectively paying more for the same degree as their white classmates. Four years after graduating, nearly half of black graduates owe more on their loans than their original balance, compared to just 17% of white graduates. As a researcher and organizer with the Debt Collective, the nation’s premier debtors’ union, I am familiar with the notion of debt as a tax on the poor – those who have the least end up paying the most. But it was a revelation to me when I realized that seniors are the fastest growing population of student debtors. Debt, I have since come to understand, is also a tax on time – it seizes the future and corrodes the present, depleting health, wealth and the pursuit of happiness.

Older student debtors are not exceptional cases in the growing student debt crisis; their experiences are, in fact, indicative of its distinctive characteristics. Rising interest, looming balances, faulty relief methods, and falling wages are forcing all borrowers to take loans for longer and longer, pushing student debt through generations. Older debtors mix their income between credit card bills, house payments, auto loans; student debt, often the furthest removed from their daily lives, is repaid last or not repaid at all. For aging borrowers with declining incomes, the crisis is acute: student debtors over sixty-five are defaulting at the highest rates. In 2015, more than a third of borrowers in their age bracket defaulted on their student loans.

“Years and years of erosion of labor rights means that wage power has not kept up with student debt,” Randi Weingarten, president of the American Federation of Teachers, told me. As such, student loans don’t get people out of the working class; they only change the accounts of the people who live there. David Ormsby, 50, for example, had worked for eight years at a Home Depot in Detroit when he decided to go back to school. “I wouldn’t call it a dead-end job,” he said, but he felt he couldn’t progress without a higher degree. In 2005, he began studying part-time at a local university to earn a bachelor’s degree in supply chain management, while raising his two sons and working more than fifty hours a week. Today, he has close to ninety thousand dollars in student debt. The degree helped him get a job in automobile manufacturing with higher earnings and more satisfaction than his previous job. Yet the monthly loan payments of five hundred dollars are difficult to manage. Ormsby started working a second job delivering groceries to make his loan payments. “Going back to school was good,” Ormsby said, but he’s frustrated at turning seventy before he can start saving for retirement.

Fifty-year-old David Ormsby started a second job delivering groceries to pay off his loan.Photography by Jarod Lew for The New Yorker

Although most older student debtors borrowed money for their own education, about a third took out loans in the name of a child or grandchild. Unlike direct federal loans, which have borrowing limits, parents can take on virtually infinite debt—up to the full cost of schooling each year—to fund their children’s education through a program called Parent Plus. Loans to parents often come with punitive conditions, such as significantly higher interest rates and few options for redress. Parent Plus recipients are only eligible for one type of income-based repayment program, which requires loan consolidation; the possibilities of canceling public service loans are extremely limited. Some parents are obligated to pay loans even if their child dies. Eighty-year-old Calvin Nafziger pays two hundred and fifty dollars a month for private loans for his son, who died three years ago. “I’ll probably be dead myself before I finish paying them,” Nafziger said.

Student debt can plague borrowers to their last breath, jeopardizing even the government’s meager protections for seniors: Social Security. Student loans in default can prompt the Department of Education to order the garnishment of tax, salary, and Social Security refunds. In 2015, more than two hundred thousand student debtors over the age of 50 saw their social security seized. One of them was Olivia Faison, a retired analytical chemist who is now seventy-one. Faison studied biology, chemistry and music at Queens College in the early eighties. “I was very lucky to be able to go to college with very little debt,” she said, receiving scholarships that paid for the majority of her degree and borrowing about nine thousand dollars for the rest. After graduating, she worked in private industry for several decades. But, when her company downsized in the early 2000s, she was made redundant. As an older black woman looking for a job in science, Faison struggled to get her foot in the door of other ventures. Many potential employers asked him to submit his undergraduate transcripts as part of the application. But, because she still owed money for her undergraduate degree, Queens College refused to release her transcripts. (CUNY ended this policy, known as the transcript ransom, last year.) “My way of getting a job after 2001 was very inconsistent,” Faison said; she held mostly temporary jobs for the next thirteen years. As his income declined, his loan repayments became sporadic.

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What is the Population Control Bill? Know its legal challenges and constitutional roots https://webeclair.com/what-is-the-population-control-bill-know-its-legal-challenges-and-constitutional-roots/ Sat, 23 Jul 2022 10:35:00 +0000 https://webeclair.com/what-is-the-population-control-bill-know-its-legal-challenges-and-constitutional-roots/

Indian Population Control Bill: On July 22, 2022, Ravi Kishan, the leader of the Bharatiya Janata Party (BJP) turned actor, said he was going to introduce a population control bill to an MP in the Lok Sabha. Apparently the BJP leader said that we can only be Vishwa Guru when the population control bill is introduced and it is important to control the population. The latest statement has again sparked a debate about the Population Control Bill, whether the law will be implemented, what effect it will have on citizens and whether it will also be related to the employment or other government benefits.

Let us understand in detail what the Population Control Bill is, what are its legal challenges and its constitutional roots.

What is the Population Control Bill?

While the United Nations reports that India has over 1.4 billion people, making the country the second most populous country in the world, the world population review predicts that India will overtake China. as the most populous country in the world by 2030.

India’s Population Control Bill of 2019, which was withdrawn in 2022, proposed a two-child-per-couple policy and aimed to encourage its adoption through educational benefits, better job opportunities, free health care, tax cuts and home loans.

Objective

India’s proposed population control bill aims to deter couples from having more than two children. The bill states that policy couples with more than two children should be made ineligible for government jobs and subsidies on various government-provided facilities and goods.

However, India’s two-child policy has been tabled in parliament almost three dozen times but has not received a green signal from either house.

Indian Population Control Bill: What Does the Constitution Say?

Article 22 of the 1969 Declaration on Social Progress and Development, adopted by the United Nations General Assembly in a resolution, guarantees that couples have the right to choose freely and responsibly the number of children they will have. ‘they will have.

Policies, such as the Population Control Bill, aimed at controlling and regulating the number of children violate constitutional rights such as Article 16 (equal opportunity in public employment) and l 21 (protection of life and liberty).

Indian population control bill: what is the constitutional challenge if the law is introduced?

The Population Control Bill or the Two Child Policy has been introduced in the Indian Parliament 35 times since independence. If enacted, the population control bill would have to take into account the rights of divorced couples as well as the Islamic religion.

Bills that were introduced earlier to introduce the two-child policy lacked these features and were heavily criticized by the general public and opposition parties.

What position have the states taken on the population control bill?

The Assembly of Assam in 2017 passed the ‘Population and Women‘s Empowerment Policy of Assam’, which stated that candidates with two children would only be eligible for government employment, and Existing government employees had to follow the two-child family standard.

In 2021, Assam’s policy was changed to make government jobs prohibited for people with more than two children.

Similarly, in 2021, the Uttar Pradesh Law Commission came up with a proposal that anyone with more than two children will be barred from getting government grants. The draft bill is still under consideration.

Indian Population Control Bill: What are the ramifications of such a law?

Coercive population control measures such as the introduction of the Population Control Bill will further encourage sexual selection and unsafe abortion due to the collective desire to have a male child. Women will seek more abortions as an alternative, compromising their health and increasing illegal practices.

Population control bill in other countries

  1. China has taken the initiative to institute a strict one-child policy for families. It is the most populated country in the world.
  2. Kenya has launched a family planning campaign with the aim of matching population size to available resources.
  3. Russia, on the other hand, is experiencing a population decline due to high death rates which are likely due to factors such as alcohol and drugs.

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Booming Maori economy, growth largely driven by growing number of Maori women owning their own businesses, says new report https://webeclair.com/booming-maori-economy-growth-largely-driven-by-growing-number-of-maori-women-owning-their-own-businesses-says-new-report/ Thu, 21 Jul 2022 06:53:24 +0000 https://webeclair.com/booming-maori-economy-growth-largely-driven-by-growing-number-of-maori-women-owning-their-own-businesses-says-new-report/

Business owner Nichola Te Kiri loved designing and making clothes long before she decided to quit her old job and turn her passion into a business.

“For me it started as something incidental, a hobby, when I was working full time, and I gave the commitment 100% in 2016 and haven’t looked back.”

The Te Matapaeroa report found that Maori-owned businesses are growing steadily, but more so with Maori women in the lead.

And Maori women now own almost 40% of all Maori businesses.

“We are so passionate about what we believe in and who we do things for and that is often not just ourselves but our whānau our hapū and iwi,” Te Kiri said.

The Māori Women’s Development Incorporation supports women starting or expanding businesses and their demand for loans and services has increased over the past financial year. CEO Linda Clay said when COVID got tough Maori women hit the ground running.

“Over the past two years, we have seen how resilient our women are. When the 2020 shutdowns hit, we had women in event management who branched out into courier and delivery services and retail outlets to be fully online.”

Sectors where Maori female landowners thrive include education, health care, accommodation, food services and retail.

Entrepreneur Rhonda Kite has been operating in the media space for 30 years. His company Kiwa Digital translates the multimedia content of the apps into different languages.

She thinks Maori women approach business from a different angle.

“We look at things in a totally different way. We look at people, we look at the planet, and then we look at profit,” she said.

“It doesn’t mean profit is a dirty word, it means we approach it from a different perspective. The mainstream tends to see it immediately as profit.”

Maori women do not generally invest in non-Maori businesses, but non-Maori women certainly invest in Maori businesses – 61% of these businesses have non-Maori women as active shareholders.

And that may be because the Maori economy is growing faster than New Zealand’s economy as a whole, which is following a trend seen around the world with indigenous businesses.

Indigenous trade and economies consultant Carrie Stoddard-Smith sees a “genuine thirst” to export Indigenous economies.

“So a big interest in trade and expansion, like tribal assets. Being able to use tribal assets in a commercial way where people can bring in I guess more income through trade income, rather than to rely solely on domestic markets.”

Maori women have realized the untapped potential of and interest in their heritage both in Aotearoa New Zealand and around the world.

“There is a real openness and I feel things are really changing in our environment and in our society in terms of Maori and Maori businesses in particular,” Te Kiri said.

This article is part of public interest journalism funded by NZ On Air

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Where does Utah rank nationally for women business owners? https://webeclair.com/where-does-utah-rank-nationally-for-women-business-owners/ Sun, 17 Jul 2022 22:15:38 +0000 https://webeclair.com/where-does-utah-rank-nationally-for-women-business-owners/

Natalie Rasmussen, left, and her mother-in-law, Marci Rasmussen, owner of Especially For You, your downtown florist, create floral arrangements at the Salt Lake City boutique on Jan. 12, 2021. (Scott G Winterton, Deseret News)

Estimated reading time: 5-6 minutes

SALT LAKE CITY — Utah’s economy and business environment have historically been ranked among the best in the nation, but new analysis reveals there could be room for improvement when it comes to owned businesses to women in the state.

Women-owned businesses play an important role in the US economy, employing 10.1 million workers and racking up $1.8 trillion in revenue, according to data from the US Small Business Association. Yet despite numbering 1.1 million in 2019, women-owned businesses only accounted for around 20% of all employing businesses across the country.

A recent analysis of the US Census Bureau’s Annual Business Survey by backgroundchecks.org determined the locations with the most women-owned businesses by metro and state.

Where does Utah rank – and which metros were included?

Overall, Utah ranks 45th among states, with 16% women-owned businesses. States following Utah included New Hampshire, Iowa, Idaho, North Dakota, and South Dakota.

Of the 100 largest metropolitan areas for which data is available, Salt Lake City ranked 85th, at 16.5%. Other Utah metros on the list include Provo-Orem with 15.9% and Ogden-Clearfield with 13.7%.

Hawaii has the highest share of women-owned businesses at 24.5%, with Virginia 23.9% and Colorado 23.8% ranking close behind.

The recent report is just one of many that have highlighted the inequalities that minority groups may face in the state. After Utah was ranked by WalletHub as the worst state for women’s equality for the fourth straight year, prompting Utah leaders to call for collective action. The Utah Women’s Leadership Project analyzed 17 key indicators in the areas of work environment, education, and health and political empowerment and next steps for advancement.

The nonprofit’s analysis reached similar conclusions to previous reports, but also highlighted key differences. The data, when broken down, can be more nuanced than it appears, said Susan Madsen, director of the Utah Women and Leadership Project at Utah State University.

A closer look at the Utah data

In the analysis, backgroundchecks.org recorded 11,054 women-owned businesses in the state, while data from the SBA district office in Utah indicates that more than 101,000 businesses are owned by women.

Why the contradiction?

The difference in the numbers represents how the data is collected and counted can significantly alter a result. The 11,054 women-owned businesses shown by the analysis represent only a fraction of businesses using data that represented employer businesses, excluding businesses without employees.

The exclusion disqualifies 90% of women-owned businesses across the country that have no employees, according to data from the US Small Business Association. Among Utah’s women-owned businesses, 90,500 have no employees.

And while expanding the scope may elevate Utah’s rank, the data may still not completely capture the full picture.

“There are different measures of female entrepreneurship and they contradict each other a bit,” Madsen said. “It’s really hard to find really good data, so that’s one of the things we’re working on to change.”

While business owners in Utah can indicate female ownership during registration, this box is rarely checked. The race or gender of business owners is not directly recorded by the state in the process, which can make it difficult to access comprehensive data.

“We can’t get the message out to all of these women who are starting their businesses because we don’t collect gender information, and as a result there are a lot of businesses in Utah that are starting up and failing” , Madsen said. “We don’t find the people to help them.”

Obstacles to female entrepreneurship

Equitable access to capital

Women only receive 16% of conventional small business loans and 17% of SBA loans, despite 30% of businesses being owned by women. Studies also indicate that women may be more reluctant to take out loans or take on debt than their male counterparts, according to Madsen.

Insufficient jobs in federal contracts

The US federal government, the world’s largest buyer, awards less than 5% of federal contracts to women-owned businesses, according to a previous report by the Utah Women’s Leadership Project.

Access to specialized business advice and training

Despite the multitude of resources available through the Utah Women’s Business Center, many Utah women business owners are unaware of the center’s existence. The lack of representation in state industries may also contribute to the lack of mentorship for women seeking to enter the workforce in these fields, Madsen said.

Advancing higher education for women in male-dominated industries can also improve access, she added.

“We still have a lot of businesses that start up and don’t grow and fail, but there really is a formula in terms of businesses that tend to be more successful and have more education about it,” said Madsen said.

COVID-19[feminine]

Not only have women in the workforce been hit harder by the COVID-19 pandemic, but 64% of women-owned businesses have seen their revenues decline and around 25% – 5% more than those owned by men. — have completely shut down, according to research by Inc.com.

“Women tend to gravitate towards certain types of businesses and these are the types of businesses that have been hit the hardest,” said Ann Marie Wallace, Utah Women’s Business Center.

Top employment industries include healthcare, accommodation and food services, and administration and support. These three sectors account for 47% of total industry employment by women-owned businesses, according to the US Small Business Bureau.

Other barriers identified by the US Small Business Bureau include:

  • Women are more likely than men to run home-based businesses.
  • Women with children were more likely to have a home-based business.
  • Men with children were less likely to operate their business from home.
  • Women with children at home were less likely to work in high-growth industries, while the reverse was true for men.
  • Women with a university degree were more likely to work in high-growth sectors such as construction and accounting/reservation services; while men in high-growth industries tended to have proportionally fewer college degrees.

What can be done?

Solutions include increased education for women business owners, increased awareness and access to resources such as the Women’s Business Center, creating incentives for contact work with women-owned businesses, mentoring , advocacy and networking opportunities.

“If a woman wants to start a business, she shouldn’t have any obstacles in front of her just because she’s a woman. There are still obstacles out there and some of them are unconscious biases and other things are flat out wrong and people can make changes to that,” Wallace said.

To learn more about resources available to women-owned businesses, visit SBA.gov’s Women’s Business Centers webpage.

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Ashley Fredde covers social services, minority communities and women’s issues for KSL.com. She also enjoys reporting on arts, culture and entertainment news. She graduated from the University of Arizona.

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Suze Orman has this one warning for door-to-door sellers https://webeclair.com/suze-orman-has-this-one-warning-for-door-to-door-sellers/ Sat, 16 Jul 2022 11:00:19 +0000 https://webeclair.com/suze-orman-has-this-one-warning-for-door-to-door-sellers/

Image source: Getty Images

You don’t want to ignore what she has to say.


Key points

  • For many months, home sellers have had the upper hand in the real estate market.
  • Suze Orman warns sellers not to be too pushy and wait too long to list their homes.

Ask the typical person if they would rather sell a house or buy one right now, and most people would probably prefer the former. The reality is that today’s real estate market is fiercely competitive and buyers are constantly faced with challenges ranging from rising mortgage rates to exorbitant home prices to bidding wars.

The vendors, on the other hand, have been seated enough. Record inventory levels have given sellers a clear advantage, and many have taken the opportunity to demand ultra-high prices for their homes. In fact, buyers have been so desperate to pick up homes that sellers have been able to get away with not making repairs that would otherwise be breaks.

But financial expert Suze Orman says the tide may finally be turning when it comes to the housing market. And those looking to sell a home in the short term may want to act sooner rather than later.

Sellers could lose their edge

Right now, sellers have an advantage over buyers in that they have a product that is in short supply. But in a recent episode of his podcast women and moneySuze Orman noted that buyer demand is slowly declining, likely due to rising mortgage rates and recession fears.

Additionally, Orman says that in some areas, homes are on the market longer than they have been in recent months. And that means those looking to sell a home may want to list as soon as possible.

The reality is that while mortgages have gotten expensive over the past six months, borrowing rates for home loans could rise even more in the second half of 2022. That’s because the Federal Reserve is going to forward with interest rate hikes in an effort to slow inflation. If borrowing becomes more expensive across the board, consumers are likely to start spending less, which could lead to more moderate prices.

Now, if mortgage rates continue to rise, it could lead to more buyers pausing their home search and pulling out of the market. Once that happens, demand should decrease. But at that point, sellers won’t have as much of an advantage, and some might be disappointed with the amount they can order for their home.

This is why anyone seriously considering selling a home may not want to wait. Buyer demand is still reasonably strong right now in most markets, so it might be worth taking advantage of that.

Hire an agent or go it alone?

Those looking to sell a home may wonder whether to tackle the process solo given high buyer demand or work with a real estate agent. And the answer is, it depends.

Selling a house is not easy. Neither does marketing. But those with properties in very hot markets can sell very well on their own and save realtor fees.

Either way, listing a home is something that today’s sellers shouldn’t put off. Those who do so will end up taking unnecessary risk and potentially losing money because of it.

The Best Mortgage Lender in Ascent in 2022

Mortgage rates are rising – and fast. But they are still relatively low by historical standards. So if you want to take advantage of rates before they get too high, you’ll want to find a lender who can help you get the best rate possible.

This is where Better Mortgage comes in.

You can get pre-approved in as little as 3 minutes, without a credit check, and lock in your rate at any time. Another plus? They do not charge origination or lender fees (which can reach 2% of the loan amount for some lenders).

Read our free review

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Meet Benaisha Poole-Watson, one of the top 1% real estate agents and bank owners for Prime One home loans https://webeclair.com/meet-benaisha-poole-watson-one-of-the-top-1-real-estate-agents-and-bank-owners-for-prime-one-home-loans/ Thu, 14 Jul 2022 17:30:51 +0000 https://webeclair.com/meet-benaisha-poole-watson-one-of-the-top-1-real-estate-agents-and-bank-owners-for-prime-one-home-loans/

Born in Los Angeles, California. to an immigrant mother from Guatemala and African American father. At the age of 7, Benaisha became a turnkey kid, coming home from school, encountering gang members, drug dealers and prostitutes on the streets of the Crenshaw district of South Central Los Angeles. Early on, she was exposed to losing many classmates and in sixth grade year saw his first friend killed by gang violence.

At the age of 17, she graduated high school early with honors, took a weekend off and started college where she went on to complete a bachelor’s degree in criminal justice, a dual master’s degree in public administration and political management of george washington university and a law degree from the University of Maryland. At 19, Benaisha became a mother working more than 50 hours a week to improve the life of her child, in various jobs such as joining the army, becoming a flight attendant and working in law enforcement ( United States Air Force for 9 years).

Today, Benaisha Poole-Watson is known nationwide as being listed in the top 1% of real estate agents in America with over 400 homes sold annually. Benaisha has been recognized as a real estate investor, developer and builder of custom homes and also the owner of the Bailey-Watson Real Estate Group with licensed agents across the country.

Benaisha is the proud owner of her own federally chartered bank, Prime One Lending Group/Prime One Home Loans, where she operates as a direct lender. Prime One Home Loans is a direct lender, Fannie Mae approved.

(Image: PR Newswire)

Quick Facts About Benaisha Poole-Watson

– Sells over 400 homes per year (over the past 3.5-4 years).

– Has real estate agents nationwide, in every state.

– Is in the top 1% of real estate agents in America.

– Has its own bank, Prime One Home Loans.

– Member of the National Association of Real Estate Brokers (only black woman in management).

– Gives back to his community and helps educate and sponsor activities to enrich the community.

– Is a renowned speaker focused on women‘s interests, real estate, mortgages and loans.

– Military veteran.

– Website: www.BenaishaPooleWatson.com.

– Phone: 817-939-0848.

– Email: benaisha@baileywatsongroup.com.

–Instagram: @benaisha__.

– Facebook: Benaisha Poole-Watson with real estate group Bailey Watson.

– Bank website: www.PrimeOneHomeLoans.com.

]]> India has the highest fintech adoption rate in the world Capri Loans Rahul Agarwal https://webeclair.com/india-has-the-highest-fintech-adoption-rate-in-the-world-capri-loans-rahul-agarwal/ Tue, 12 Jul 2022 09:54:48 +0000 https://webeclair.com/india-has-the-highest-fintech-adoption-rate-in-the-world-capri-loans-rahul-agarwal/

In an interview with BW Disrupt, Rahul Agarwal, Founder of Capri Loans, talks about the intersection of technology and problem solving

Capri Loans leverages state-of-the-art technology tools to become a leading FinTech company. The company’s digital transformation initiative aims to modernize the legacy system. Below are excerpts from an interview with Rahul Agarwal, who leads business transformation at Capri Loans:

What is your view on the Indian FinTech industry?
With nearly 34 million Indians connected between 2021 and 2022 and rapid technological advancements seen daily, the fintech industry and the nation are witnessing a surge of bright ideas and talent. These, combined with the government’s outlook and initiatives to drive the growth of the FinTech industry, have led to India having the highest fintech adoption rate in the world.

What is essential right now is revamping the education system to be more conducive to these developments and technologies, while continuing to retrain and upskill the current workforce. An employee who is not on the path of constant growth (*personal and professional) will be left behind. This desire to constantly consume information and to develop must be inculcated right from educational establishments. The process of learning and “unlearning” has gone on for too long!

What are your main product offerings?

  • MSME loan: through this, we offer personalized financial solutions to small business owners, enabling clients to seize opportunities and grow their business.
  • Home loans: overcome the financial difficulties associated with the acquisition of your own home
  • Gold loan: loans against gold pledged as collateral
  • Wishwas: this product aims to build an egalitarian, poverty-eradicated and inclusive economy by providing loans to women in rural and semi-rural areas
  • Construction Finance: Our construction finance is available for small to mid-sized property developers looking to gain the edge needed to complete their project.
  • Prime Affordable Housing Loans: an affordable housing loan tailored to salaried employees working in government, public and private enterprises, meeting the growing demand for affordable housing in urban and rural areas
  • ECLGS: an emergency line of credit guarantee program, which offers pre-approved unsecured loans to finance small and medium-sized business owners who are eligible for loans to support their business.

What technology is used in the retail gold lending industry?
We have integrated a new age loan system for gold loan. We have also built our own in-house DSA platform and lead management system to power our Gold Loan business.

What are your hiring plans in the technology sector?
Recruitment is in full swing! As we continue to improve our internal systems and capabilities, we are constantly looking for bright and talented people who can bring value and enable growth to the organization. While outsourcing may have its own benefits for some organizations, we prefer to rely on our in-house so operations and scale are in our hands.

What are the future projects of Capri Loans?
The plan is to keep going full throttle! We are currently hosting massive hiring camps across the country for our gold lending and retail businesses. We are launching a 100 person fully dedicated state of the art technical office in the most prime location of Gurgaon. We run a very comprehensive internship program to harness talent at a very early stage. At many levels, we have also developed policies for permanent work from home. We have developed policies for our employees to train them for any work-related certification or program they wish to pursue.

What is more essential than even is staying abreast of relevant technologies and methods to implement them due to the rate at which they are maturing. We are strategically and rapidly moving from a conventional NBFC to a cutting-edge FinTech in order to provide the best possible financial products and solutions to our clients.

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