Web Eclair http://webeclair.com/ Mon, 21 Jun 2021 17:23:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://webeclair.com/wp-content/uploads/2021/05/web-eclair-icon-150x150.png Web Eclair http://webeclair.com/ 32 32 Biz2Credit to organize forum with US Senator Jeanne Shaheen https://webeclair.com/biz2credit-to-organize-forum-with-us-senator-jeanne-shaheen/ https://webeclair.com/biz2credit-to-organize-forum-with-us-senator-jeanne-shaheen/#respond Mon, 21 Jun 2021 17:03:10 +0000 https://webeclair.com/biz2credit-to-organize-forum-with-us-senator-jeanne-shaheen/

NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) – Biz2Credit, Paychex, Inc. and CPA.com announced today that they will co-host an online forum featuring U.S. Senator Jeanne Shaheen (D-NH) , one of the US Senate’s mainstream small business owners.

The Paycheque Protection Program – A Look Back and The Way Forward with Jeanne Shaheen The roundtable will include time for the Senator to answer questions from the audience of business owners, including many who have received government-backed funding through the P3 and are now asking for a loan forgiveness.

How vital was PPP to the survival of small businesses? According to Melinda Kaye, owner of tekHouse, a computer consulting company based in Tulsa, Oklahoma, the program has been a lifeline.

“After applying for funds, it took us about 3-4 weeks to get approval and funding. The loan cancellation took about 4 to 5 months, ”Kaye said. “PPP funding saved me. There is no doubt about it. “

The second round of the PPP, which closed on May 28, was a success for millions of small businesses across the country. In total, roughly $ 800 billion has been distributed to small businesses in America through nearly 12 million loans, reaching nearly every community across the country, from New Hampshire to Hawaii and everywhere in between.

This online forum will give business owners the opportunity to hear Senator Shaheen, co-author of the PPP, explain how the federal government and the private sector have partnered to support business owners during the pandemic of COVID-19. She and her fellow sponsoring company panelists will discuss how and why the PPP has been successful in providing a financial lifeline to small businesses that have been negatively affected by the closures and reduced economic activity caused by COVID. -19.

To subscribe to the online forum at Wednesday 23 June, at 11:30 a.m. (EDT) / 8:30 a.m. (PDT), visit the Biz2Credit COVID-19 Webcast Center.

Key topics will include:

  • Understand Congress’ approach to authorizing P3s and the results small businesses are now seeing.
  • Find out about upcoming initiatives the federal government is considering to provide additional support to small business owners.
  • Learn from the American Institute of CPAs (AICPA) the vital role CPAs and accounting firms have played in the success of P3s thus far.
  • Hear the latest data from Paychex | IHS Markit Small Business Employment Watch, an indicator of the resilience of small businesses during COVID-19.
  • Get ready for the sequel with Biz2Credit’s presentation on the future of corporate finance following the Paycheck Protection Program.
  • Question and answer session with Senator Shaheen, who will answer questions from business owners.

“We are honored that Senator Jeanne Shaheen is attending our event and speaking to business owners who are still trying to recover from the huge disruption COVID-19 has had on their businesses,” said Rohit Arora, CEO of Biz2Credit, who organized the event. . “This online forum offers information that will help small business owners better overcome the lingering economic challenges caused by the pandemic. “

Panelists will discuss the recovery process from the devastating economic impact of COVID-19 on small businesses, especially those owned by women and minorities.

  • Senator Jeanne Shaheen is the first woman in American history to be elected both governor and senator. She is a trailblazer with a reputation for working across the aisle to get things done and is known for her thoughtful leadership, hard work and dedication to improving the lives of the middle class. She has served in Washington since 2009 and is a member of the Senate Committee on Small Business and Entrepreneurship and other important committees. Senator Shaheen will speak about government-backed programs for corporate relief in the COVID-19 pandemic and the work she and her colleagues are doing on behalf of American small businesses.
  • Erik Asgeirsson, President and CEO of CPA.com, the business and technology arm of the American Institute of CPAs (AICPA), will discuss AICPA’s work in building a coalition to support PPP implementation and the role CPAs played in advising small business owners during this critical time. He will also speak about the ongoing efforts of the AICPA coalition to help create a common approach to the PPP loan cancellation process, including the development of tools to automate and simplify the steps applicants must take. Erik will be joined by Michelle McVetty, CPA, partner at Cohos Advisors PLLC, based in Lancaster, NH and a member of both AICPA and the New Hampshire Society of CPA. She has helped many small businesses get PPP loans and now advises them through the forgiveness process.
  • Franck Fiorille, Vice President of Risk, Compliance and Data Analytics at Paychex, to Discuss Ideas from the Company’s 680,000 Small and Medium Business Customers and Share Paychex Data | IHS Markit Small Business Employment Watch, an indicator of the resilience of small businesses during COVID-19. It will also detail how Paychex has supported businesses throughout the pandemic with tools, resources, and advice to navigate stimulus programs, HR challenges, and more. The stimulus support provided has helped Paychex clients maximize more than $ 65 billion in PPP loans and $ 2.5 billion in employee retention credits and paid sick leave.
  • Rohit Arora, CEO of Biz2Credit, will detail proprietary data from Biz2Credit’s Small Business Cash Flow Report, which examined the effects of PPP on small business performance during the COVID-19 pandemic. He will also talk about the status of PPP loan cancellation and the important role SBA-approved FinTech companies have played in the success of the Paycheck Protection Program. Rohit will be joined by Steven Pawlyk, owner of Innovative Performance Productions, a music organization based in Windham, NH.

About Biz2Credit
Founded in 2007, Biz2Credit has helped organize over $ 7 billion in financing for small businesses. Through its SBA-approved financing subsidiary, Biz2Credit ranked among the most active PPP providers in 2021, securing more than 170,000 PPP loans for small businesses. The company is extending its cutting-edge technology by providing the Biz2X Platform (www.biz2x.com) digital lending solution to banks and other financial institutions. Visit www.biz2credit.com or Twitter @ Biz2Credit, Facebook and LinkedIn to learn more.

About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading service providers, or directly through its own development. The company has established itself as a thought leader in emerging technologies and as a trusted business advisor to practitioners in the United States with a growing global focus. Our company’s primary mission is to drive the transformation of practice areas, advance the profession’s technological ecosystem, and lead technological research and innovation efforts for practitioners. A subsidiary of the American Institute of CPAs, CPA.com is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession.

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits and insurance services. By combining its innovative software as a service technology and mobility platform with personalized and dedicated service, Paychex enables small and medium business owners to focus on growing and managing their business. With over 45 years of industry expertise, Paychex serves approximately 680,000 salaried customers as of May 31, 2020, in over 100 locations in the US and Europe, and pays one in 12 US private sector employees. Visit paychex .com and stay connected on Twitter and LinkedIn.

Media contact: John Mooney, (908) 720-6057, john@overthemoonpr.com

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Supreme Court rules against NCAA in unanimous antitrust case https://webeclair.com/supreme-court-rules-against-ncaa-in-unanimous-antitrust-case/ https://webeclair.com/supreme-court-rules-against-ncaa-in-unanimous-antitrust-case/#respond Mon, 21 Jun 2021 14:38:38 +0000 https://webeclair.com/supreme-court-rules-against-ncaa-in-unanimous-antitrust-case/

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Gyasi Zardes closes Crew Stadium with Memorable Brace vs. Chicago Fire https://webeclair.com/gyasi-zardes-closes-crew-stadium-with-memorable-brace-vs-chicago-fire/ https://webeclair.com/gyasi-zardes-closes-crew-stadium-with-memorable-brace-vs-chicago-fire/#respond Mon, 21 Jun 2021 13:46:12 +0000 https://webeclair.com/gyasi-zardes-closes-crew-stadium-with-memorable-brace-vs-chicago-fire/

As the U.S. Men’s National Team’s Gold Cup roster draws closer to selection, here’s a look at how the domestic pool of players performed in Major League Soccer over the past weekend.

Gyasi Zards gave Historic Crew Stadium the proper farewell, striking twice to carry the Columbus Crew to a 2-0 victory over Chicago Fire in a Major League Soccer game on Saturday night.

This result is a familiar score in the history of the United States Men’s National Team at the stadium.

One of 60 players selected from USMNT’s preliminary roster for next month’s Concacaf Gold Cup, the 29-year-old forward has logged in twice in 16 times during the first half. The defending MLS Cup champions (4-2-2, 14 points) sit fourth in the Eastern Conference.

Zardes, who tied Lucas Zelarayan for the club’s lead with three goals apiece, gave the crew all the scoring they needed in the 18th minute, coming back eight yards into the lower right corner in front of goalkeeper Bobby Shuttleworth after a failed Chicago clearance.

In the 34th minute, Jonathan Mensah threw a long ball down the right side to Derrick Etienne, Jr. Etienne, then returned the ball to the left side to Zardes, who slipped it into an empty net.

And how appropriate is that final score for the home side. The stadium, built in 1999, has hosted many USMNT matches. In particular, four successive “Dos a Cero” victories against Mexico in the World Cup qualifiers (2001, 2005, 2009 and 2013) were contested there.

The site has also been the site of several United States Women’s National Team games, including a 2003 Women’s World Cup group stage game and three MLS Cups.

The Crew’s new 20,000-seat downtown stadium in Ohio’s capital, Lower.com Field, is set to host its inaugural game as Columbus plays the New England Revolution on July 3.


Goalkeepers don’t necessarily need a clean sheet to stand out. Matt Turner can attest to that in the New England Revolution’s 3-2 away win over New York City FC on Saturday. With his scoreless game in the 14th minute, the Revs goalkeeper saved a penalty from Valentin Castellanos.

It was Turner’s fourth penalty save in his MLS career in all competitions and the fifth save in PK’s last 11 attempts with the Revs and USMNT. He also turned down midfielder Maxi Moralez at point blank range for a minute into the second-half stoppage time to preserve the three points and the win.

Bill Hamid, on the other hand, produced his second shutout in as many appearances this season in DC United’s 1-0 win over Inter Miami on Saturday night. Hamid, who missed DC’s first seven games while recovering from a preseason hernia, made a save.


Before Jonathan lewis scored his first goal of the year in the Colorado Rapids’ 2-0 win over FC Cincinnati on Saturday night. Lewis, who replaced first-half scorer Diego Rubio at half-time, struck a deep ball from captain Jack Price and scored the insurance goal from a tight angle in the 72nd minute.


Andrés Perea and Chris Mueller scored Orlando City’s first and last goals, respectively, in their 3-2 home win over Toronto FC on Saturday night. Both players got secondary assists, which are counted in MLS.

In the first minute, Perea joined Mauricio Pereyra in the middle. Pereyra then found a Tesho Akindele who beat goalkeeper Quentin Westberg to a 1-0 lead. It was the first assist for Perea, 20, of the season.

With a score tied at 2-2 in the 84th minute, Mueller, who used his 19 minutes as a second-half substitute, helped set up the match winner. Junior Urso played a combination with Mueller after a Toronto turnaround before the first scored for 16 yards. Mueller is tied for the team lead in assists with Akindele (three each).


Forward Daryl Dike made his first appearance for Orlando City SC since returning from his loan spell with Barnsley FC in the English league, in the 64th minute for Akindele. Dike, 21, was instrumental in helping Barnsley reach the English Football League qualifiers, scoring nine goals in 21 appearances.


– Kellyn Acosta (Colorado Rapids; MLS) – 90 minutes in a 2-0 win over FC Cincinnati (June 19)

– Paul Arriola (DC United; MLS) – 90 minutes in a 1-0 win over Inter Miami CF (June 19)

– Jozy Altidore (Toronto FC; MLS) – Not in 18, DNP defeated 3-2 at Orlando City SC (June 19)

– Julian Araujo (Los Angeles Galaxy; MLS) – 90 minutes in a 2-1 loss to the Seattle Sounders (June 19)

– George Bello (Atlanta United; MLS) – 90 minutes in a 2-2 draw against Philadelphia Union (June 20)

– Michael Bradley (Toronto FC; MLS) – 90 minutes in a 3-2 loss to Orlando City SC (June 19)

– Johnny Cardoso (Internacional; Brazilian Serie A) – In 18, DNP in a 1-1 draw against Ceara (June 20); 67 minutes in 1-0 loss to Atletico Mineiro (June 16)

– Cade Cowell (San Jose Earthquakes; MLS) – 23 minutes as a substitute in the 0-0 draw against Austin FC (June 19)

– Daryl Dike (Orlando City SC; MLS) – 26 minutes as a substitute in a 3-2 win over Toronto FC (June 19)

– Brad Guzan (Atlanta United; MLS) – 90 minutes in a 2-2 draw against Philadelphia Union (June 20)

– Bill Hamid (DC United; MLS) – 90 minutes and SHUTOUT in 1-0 win over Inter Miami CF (June 19)

– Sean Johnson (New York City FC; MLS) – 90 minutes in a 3-2 loss to New England Revolution (June 19)

– Jonathan Lewis (Colorado Rapids; MLS) – 45 minutes and GOAL as a substitute in the 2-0 loss to FC Cincinnati (June 19)

– Sebastian Lletget (LA Galaxy; MLS) – 89 minutes in a 3-2 loss to the Seattle Sounders (June 19)

– Chris Mueller (Orlando City; MLS) – 19 minutes as a substitute and ASSISTANCE in a 3-2 win over Toronto FC (June 19)

– David Ochoa (Real Salt Lake; MLS) – 90 minutes in a 3-1 draw win at FC Dallas (June 18)

– Andrés Perea (Orlando City; MLS) – 90 minutes and ASSIST in a 3-2 win over Toronto FC (June 19)

– Miles Robinson (Atlanta United; MLS) – 90 minutes in a 2-2 draw against Philadelphia Union (June 20)

– Cristian Roldan (Seattle Sounders FC; MLS) – 90 minutes 2-1 win at LA Galaxy (June 19)

– Matt Turner (New England Revolution; MLS) – 90 minutes in a 3-2 win at New York City FC (June 19)

– Sam Vines (Colorado Rapids; MLS) – 89 minutes in 2-0 win over FC Cincinnati (June 19)

– Jackson Yueill (San Jose Earthquakes; MLS) – 90 minutes 0-0 draw at Austin FC (June 19)

– Gyasi Zardes (Columbus Crew; MLS) – 90 minutes and TWO GOALS in a 2-0 win over Chicago Fire FC (June 19)

– Walker Zimmerman (Nashville SC; MLS) – 63 minutes in a 2-0 loss to the New York Red Bulls (June 18)

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Woman to be tried in France for the murder of her stepfather after years of abuse | France https://webeclair.com/woman-to-be-tried-in-france-for-the-murder-of-her-stepfather-after-years-of-abuse-france/ https://webeclair.com/woman-to-be-tried-in-france-for-the-murder-of-her-stepfather-after-years-of-abuse-france/#respond Mon, 21 Jun 2021 05:00:00 +0000 https://webeclair.com/woman-to-be-tried-in-france-for-the-murder-of-her-stepfather-after-years-of-abuse-france/

On Monday, a Frenchwoman, Valérie Bacot, will appear in court to be tried for the murder of her stepfather who became a husband. She admitted to shooting him and thinks she should be punished.

In her defense, she should tell the audience of Chalon-sur-Saône in Burgundy how Daniel “Dany” Polette made her life hell from the day he raped her when she was 12 years old, until ‘on the day he died 24 years later. by prostituting her.

Bacot, who had four children with her alleged abuser, will talk about how she was convinced Polette would kill them all and how everyone knew he was a violent sexual predator but no one said or did anything. And she will relate how, when the children went to the gendarmes – twice – to report the abuse, they were told to go away and tell their terrified mother to come herself.

She will say that she had nowhere to go, no one to turn to, no money and was so under Polette’s control that she didn’t know how to escape her daily terror of threats and violence.

The trial will once again shine a light on domestic violence in France and comes after a week in which three women were killed by ex-partners in a country that has one of the highest rates of femicide – listed here like the murder of a woman by a current or former partner – in Europe. So far this year, at least 55 women have been killed by a current or former partner in France.

In May, Fayard, one of France’s best-known publishing houses, published Bacot’s story: Everyone knew (Everyone knew). The book is a dark read: 198 pages detailing the relentless misery that began when Bacot, whose alcoholic mother and largely absent father had divorced, was 12 and stepfather Polette forced her to have sex . At the time, she says she had no idea what he was doing and only found out after a biology class at school.

Polette was jailed for incest in 1995, but was allowed to return to the family home after three years and continued to rape Bacot. “No one seemed to find it odd that Daniel came back to live with us as if nothing had happened,” she wrote. “Everyone knew but nobody said anything.

Soon he was raping her again. One day, she overhears her mother say, “I don’t care until she gets pregnant. At 17, she fell pregnant and Polette moved her into an apartment like his wife. Three more children followed, as well as almost daily beatings.

Bacot writes that she and the children lived in fear of angering Polette. He broke her nose, hit her on the head with a hammer, arranged lesbian encounters, which he filmed, and kept her virtually prisoner. She was not allowed to talk to anyone when she went out shopping and he was being spied on by her friends and family, she said.

Then Polette decided that he would retire and prostitute Bacot. She remembers her youngest child finding a card Polette made and asking her what “escort” meant. Polette proxied his wife in the back of his Peugeot 806 which he fitted with a mattress, while spying on her with customers and giving her instructions via an earpiece. He had a gun, he said, just in case a customer got mean. If Bacot didn’t do as he asked, he would beat her, she told investigators.

On March 13, after being raped by a customer, she took the gun that her husband had hidden between the seats of the car and shot it.

“She is a woman who has been destroyed and devastated, not only by the lack of maternal love, rape, beatings, denigration, prostitution but also and above all by the indifference and omerta of society” , write Bacot’s lawyers. , Janine Bonaggiunta and Nathalie Tomasini, in the preface.

“From an early age, she went through terrible things without anyone, not even those close to her, blinking. They ignored his distress and his ordeal, which could be read on his face. The story of his life is deeply moving.

The case echoes that of Jacqueline Sauvage who has become a famous cause for activists against violence against women and girls. Sauvage was married for 47 years to a violent alcoholic who she said raped and beat her and her three daughters and abused her son. In September 2012, the day after her son was hanged, Sauvage shot her husband.

Tomasini represented Sauvage and asked the court to “push the boundaries of self-defense in situations of domestic violence”, but she was convicted of murder and sentenced to 10 years in prison. In 2016, after three years in prison, she was pardoned by the then president, François Hollande, and released.

Monday, the public prosecutor will maintain that the act of Bacot was premeditated. In the book, Bacot said she feared Polette was considering abusing their teenage daughter and thought to herself, “This has to stop.” Bonaggiunta says the defense will argue that Bacot shot her husband because “it was a matter of survival.”

“You could argue it was premeditated, but she was a woman who had been bullied her whole life, he was in control and that was the only way for her to get out of this situation,” Bonaggiunta told the Guardian.

“The legal texts are clear: she killed him. There is no legal text to protect women like that who have been beaten for years and for it to be taken into consideration as there is in Canada. It is clear that she had been punched several times and her brain was not functioning properly at the time. She was certainly in an impaired condition. To some extent, one could argue that she had no choice.

In his book, Bacot says that she is often asked why she did not leave her husband.

“I think if you haven’t lived that kind of life, it’s hard to understand. When your daily life is a succession of beatings, threats, insults and humiliations you end up being unable to think… your partner has brainwashed you. And you think everything he says is true. You think the problem is with you and not with him and that you deserve everything you get, ”she explains.

Bonaggiunta, who specializes in domestic violence cases, said there was “inertia” in society to help women and their children escape their abusers.

“When I heard this story, my first thought was that it started with a little girl who was not helped, who was the victim of violence in which her parents were complicit,” she said. “She killed him but she was not a murderer. She was the victim.

Bacot’s trial will last a week.

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Women of N’rangpur duped by lakhs on a loan application https://webeclair.com/women-of-nrangpur-duped-by-lakhs-on-a-loan-application/ https://webeclair.com/women-of-nrangpur-duped-by-lakhs-on-a-loan-application/#respond Sun, 20 Jun 2021 18:33:37 +0000 https://webeclair.com/women-of-nrangpur-duped-by-lakhs-on-a-loan-application/

Two months ago, a certain Ravi Narayan Rautaray opened a company called AU Small Finance by renting a room on Medical Road in Umarkote town of Nabarangpur district.

From April 31 to June 5, Ravi introduced himself as a deputy director of the company and assigned four girls and a boy from the Umarkote region to oversee the paperwork and online connection of the group. Ravi Narayan’s job was to bring groups of women together to form new groups to provide them with loans.

He took a deposit of Rs 840 for a loan of Rs 30,000 and Rs 940 for a loan of Rs 40,000 as insurance and processing costs. In this regard, Ravi Narayan asked the innocent women of SHG to submit copies of bank accounts, voter ID cards and Aadhaar card for registration purposes. Sources said about 2,500 women’s groups in Chandahandi, Raighar, Jharigam and Umarkote regions of Nabarangpur district paid thousands of rupees in the name of insurance and treatment fees to obtain a loan. Money was raised from around 2,500 groups.

However, on July 10 at 10 a.m., staff members found the office locked and the office notice board missing. They tried to contact Ravi Narayan by phone but his cell phone was turned off.

Later, they went to Ravi’s house near the office and found the door locked. When questioned, the owner of the house said Ravi had not been in his room since last night. The news spread quickly throughout the region. After seeing the office closed, the women who had paid the money insisted on returning the money. Finally, the employees lodged a written complaint with the Umarkote police station for self-defense. When contacted, Umarkote PS IIC Naresh Pradhan said: “The complaint has been registered and the police have taken steps to apprehend the accused.

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Deadly Stalemate Destroyed Billings Woman’s Home and Peace of Mind | Local News https://webeclair.com/deadly-stalemate-destroyed-billings-womans-home-and-peace-of-mind-local-news/ https://webeclair.com/deadly-stalemate-destroyed-billings-womans-home-and-peace-of-mind-local-news/#respond Sun, 20 Jun 2021 12:00:00 +0000 https://webeclair.com/deadly-stalemate-destroyed-billings-womans-home-and-peace-of-mind-local-news/

Deb Klusman and her dog Beau are still locked away from her home on Ridgwood Lane South after a police standoff and shootout in April.

LARRY MAYER, Billings Gazette

‘Thank god he entered mine’

Despite the result, she was happy with one thing that day. “Thank goodness it got into mine,” she said, referring to her house, “because mine was really the only one that was empty.”

McClure attempted to break into at least three other homes before entering Klusman’s house. One of these houses belonged to Kim Vopel, who was home alone at the time.

“I was in my house and heard a helicopter and went to my window,” Vopel told The Gazette. She noticed that the helicopter was hovering almost directly overhead her house and was not moving forward. She thought back to a story a client had told her about a police helicopter flying over their house looking for a suspect and she began to feel in danger.

“So I thought, ‘I should lock my doors,'” she said recently. “I was in no rush, because I didn’t know I was in danger, but I locked my front door and my back door.”

A moment later, she heard banging in her house over the sounds of the helicopter outside. She locked herself in the bathroom and called 911. Fearing that someone was inside the house, Vopel tried to escape through the bathroom window, but got out of the way. stopped when she looked through the window and saw a small group of cops, guns, in the street.

Later that evening, Vopel’s son suggested they look at the patio security camera footage, and she found out how close her meeting with McClure had been. “I literally missed him,” she exclaimed.

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The digital divide risks leaving millions of rural families in poverty https://webeclair.com/the-digital-divide-risks-leaving-millions-of-rural-families-in-poverty/ https://webeclair.com/the-digital-divide-risks-leaving-millions-of-rural-families-in-poverty/#respond Sun, 20 Jun 2021 07:17:41 +0000 https://webeclair.com/the-digital-divide-risks-leaving-millions-of-rural-families-in-poverty/

Despite a massive increase in the number of migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members are struggling to access mobile banking services that could potentially affect them. help to get out of poverty. The President of the United Nations International Fund for Agricultural Development (IFAD) calls for urgent investments in digital infrastructure and mobile services in developing countries to ensure that rural families are not left behind.

“Migrants have shown their continued commitment to their families and communities during the pandemic with more remittances made digitally than ever before,” said Gilbert F Houngbo, President of IFAD, speaking on the International Family Remittances Day. “Unfortunately, families in rural and remote areas – where remittances are a lifeline – are struggling to access outlets or even more convenient alternatives such as mobile money accounts. Governments and the private sector urgently need to invest in rural digital infrastructure to solve this problem. “

Mobile remittances increased by 65% last year, reaching $ 12.7 billion. This change was prompted by a shift in cash due to blockages that limited informal channels and social distancing rules for senders and recipients. Despite the global economic recession caused by the pandemic, migrants continued to send money home to their families, with remittances in 2020 reaching 540 billion dollars – a decrease of only 1.6% compared to the previous year

However, in many countries, people living in remote rural areas have limited local access to banking services or limited mobile connectivity. In addition, there is a limited availability of agents offering mobile money services such as cash payments. Often, mobile money service providers are only located in urban centers. This means that millions of the rural poor have to travel long distances to cities, often at a significant cost, to receive the money sent digitally by members of their migrant families.

Digital transfers are cheaper than traditional cash transfers, and mobile banking services also provide an opportunity for migrants and their families in their home countries to access useful and affordable financial products to better manage their finances, including savings, loans and insurance.

Around the world, 200 million migrants regularly send money to their 800 million relatives. It plays a crucial role in their life and livelihood. Almost half of these families live in rural areas of developing countries, where poverty and hunger are highest. Families use the remittances sent by migrant workers to cover basic household needs such as food, shelter, school and medical costs, as well as to start small businesses. These resources can often transform both families and local communities.

“While the pandemic has accelerated the adoption of digital transfers and mobile money accounts, it has also highlighted pervasive gender inequality,” said Pedro de Vasconcelos, head of IFAD’s financial mechanism for remittances. “Research shows that women are 33% less likely than men to have a mobile money account. We need to focus on closing the gap by removing the barriers that prevent women from accessing and using mobile financial services.

Since March 2020, IFAD has been leading a Community Remittance Task Force composed of 41 international organizations, intergovernmental bodies, industry and private sector groups and networks of diaspora organizations to respond to the impact of the COVID-19 pandemic on the billion people directly involved in the shipments of funds.

Among its many recommendations to the public and private sectors, the working group has developed concrete measures to stimulate the digitalization of the remittance market with the aim of boosting the recovery and resilience of migrant families around the world. In line with these measures, IFAD is currently funding private sector mobile solutions that will benefit more than one million people in West Africa alone.

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Even though Torrey Pines won’t repeat the 2008 drama, the course belongs to the US Open https://webeclair.com/even-though-torrey-pines-wont-repeat-the-2008-drama-the-course-belongs-to-the-us-open/ https://webeclair.com/even-though-torrey-pines-wont-repeat-the-2008-drama-the-course-belongs-to-the-us-open/#respond Sat, 19 Jun 2021 20:25:14 +0000 https://webeclair.com/even-though-torrey-pines-wont-repeat-the-2008-drama-the-course-belongs-to-the-us-open/

The loudest roar I have ever heard on a golf course came during the 2008 US Open at Torrey Pines in San Diego, when Tiger Woods made a bumpy downhill putt to equalize Rocco Mediate and force a 18-hole playoff the next day. It was as if this part of the San Diego coast had been lifted about 10 feet by the sheer volume of the crowd erupting.

It was one of the great moments of all time in history of the US Open, and that’s probably why the United States Golf Association is back at Torrey Pines 13 years later for the Open this weekend. But in the modern world of social media, this spectacular victory for Woods doesn’t shield Torrey Pines from criticism this week. Whether it’s Facebook or Twitter or any other platform, Torrey Pines is unfavorably compared to other sites in the US Open.

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How Sheluded Provides Funding Opportunities for Women Entrepreneurs https://webeclair.com/how-sheluded-provides-funding-opportunities-for-women-entrepreneurs/ https://webeclair.com/how-sheluded-provides-funding-opportunities-for-women-entrepreneurs/#respond Sat, 19 Jun 2021 09:00:57 +0000 https://webeclair.com/how-sheluded-provides-funding-opportunities-for-women-entrepreneurs/

Africa has more female entrepreneurs than any other continent in the world. This should mean that women are the engine of the economy, but in reality they are not. For the most part, women-run businesses remain at the level of petty trading and self-employment, barely growing to the point of either hiring enough labor or having a significant impact on the economy.

One of the reasons for this is that they rarely have access to funding. Sheclused Founder and CEO Ifeoma Udoh was a guest at Nairametrics Business Half Hour, where she pointed out that in four years of working with a company that provided start-up funding to businesses, she had barely seen any women come in search of funding. for their businesses and it piqued his interest.

“It was confusing to see that I have hardly ever seen women come to seek funding for companies, especially since we know that Africa has the largest number of women entrepreneurs. If they are not given the money to start or grow their business then this is something to be concerned about. It just means that the people who run the companies that should stimulate the economy do not have access to finance ”, Udoh explained.

Sheclused was founded in 2019 to provide women with financing opportunities, access to capital and business training to run their businesses. Shecluded started out with a focus on stay-at-home moms, and later on low-income people who wanted to go into business. So far, the company has been able to better define its target market to accommodate more women and intends to do more in the future.

“I started Sheclusd with the main goal of ensuring that women entrepreneurs who can do more have the resources to do more. I learned that capital and access to capital and finance can change people’s lives, so when we started I didn’t want to give 50,000 naira loans to women because I didn’t see it. would have a great impact on them or on the economy. A person cannot evolve with a loan of 50,000 naira and he cannot employ others. I wanted to give them the type of loan that would change their lives, help them engage others and have a visible impact on the economy around them ”, Udoh explained.

Is Shecluded discriminatory? NO!

Shecluded set out to focus on a demographic that had been largely unexplored in terms of financial initiatives and services for entrepreneurial businesses.

It took a lot of funding to do this, but Udoh explained that she refrained from getting funding in the first year because she wanted to firmly set the tone of the business and get everything in place. For the first year of operation (2019) she started with her savings and in the second year (2020) secured $ 100,000 in funding to grow.

The company is already moving towards a kind of digital bank for women, since it now has a savings product based on demand. Sheclused is also currently raising more funds and intends to roll out more products before the end of 2021, and to become the number one resource and financial service for women in Nigeria and Africa in the years to come.

Why women are excluded from funding opportunities

The question of why women entrepreneurs were excluded from funding opportunities in the first place, despite being more numerous, is what Shecluded first set out to answer before proposing any solutions. Some of the reasons Udoh cited were literacy, socio-cultural biases, and the way financial services were communicated to women.

“If you just give a woman a loan, she might turn you down. But when it comes to an asset-based loan, something that would clearly improve one’s business, then you might get a better answer. So I discovered that there had been problems in the way financial services were communicated to women in the past ”, Udoh said.

To address literacy and financial lifestyle issues, Sheluded also launched counseling sessions in 2020 to teach women how to have financial plans, emergency funds, an investment culture, and cut spending. when it comes to lifestyle. There were also trainings on digital skills, self-development, self-promotion and marketing.

“Another thing we found is that female entrepreneurs are primarily motivated by survival. They want to be able to support themselves and take care of their families. I encourage women to look beyond the family and think about how their businesses can help build the nation, especially as they begin to employ others.

Any woman who decides to do something will and will do it well, so we need to broaden her mind to think beyond entrepreneurship to survive and start thinking about how she can do more and be more. This is what I want to see in the next level of entrepreneurship ”, Udoh said.

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Assam government renounces MFI loans for poor women: CM Himanta Biswa Sarma https://webeclair.com/assam-government-renounces-mfi-loans-for-poor-women-cm-himanta-biswa-sarma/ https://webeclair.com/assam-government-renounces-mfi-loans-for-poor-women-cm-himanta-biswa-sarma/#respond Sat, 19 Jun 2021 03:28:52 +0000 https://webeclair.com/assam-government-renounces-mfi-loans-for-poor-women-cm-himanta-biswa-sarma/

Assam Chief Minister Himanta Biswa Sarma said on Friday he was determined to keep his election promise to provide relief and incentives to poor women who had taken out loans from various microfinance institutions ( IMF).

The government has had ongoing discussions with MFIs, as a result of which the outstanding loan amount has been reduced to 8,250 crore from 12,500 crore and this will benefit 22 lakh poor and destitute women in the state, the government said. chief minister at a press conference here. .

The outstanding loan has decreased as MFIs have flouted the standards set by the Reserve Bank of India (RBI), including granting a loan of more than 1.25 lakh to a group or granting several loans. to one person or group, he said. .

During the discussions, it was decided that any loan amount over 1.25 lakh would be canceled and if there were four outstanding loans against an individual, the principal and interest amount of the fourth loan would be canceled, a said Sarma.

These measures have reduced the outstanding amount and will go a long way in helping poor and needy women.

“I had said in all my electoral meetings, during my campaign for the BJP, that the relief of the loan exemption would be for poor women and not for the middle class or the rich,” he said. declared.

Three groups

The state government decided to classify borrowers into three groups, the first being women who regularly repay loans, he said.

“These women should continue to do so so that their CIBIL score is not affected and the government will reward these quick payers with a one-time incentive,” he said.

The second category includes women who are late, that is, those who paid regularly but are now late because they stopped paying after learning that the loans would be canceled.

“I call on this category of women to resume repayment of their loan and the government will reimburse the overdue amount,” he said.

In the third category are women who do not intend to take out other loans or engage in other activities and the government will provide them with complete relief.

However, women with full waivers will not be able to take out other loans in the future.

In total, 26 lakh clients with 45 lakh bank accounts took loans from 40 lenders with 53 percent of this amount loaned by banks, 22 percent by non-bank financial corporations (NBFC) and microfinance institutions, 26 percent by small funding banks and 16 percent by mainstream NBFCs.

The chief minister decided to set up a committee to study the financial implications of the loan forgiveness during the first cabinet meeting of the new Council of Ministers held on May 11 with the Minister of the Guwahati Development Department, Ashok Singhal. , as President and Principal Secretary of Finance. and Panchayat and Rural Development as members.

The chief minister asked the committee to prepare a package to help the poorest women who had taken out loans and who are facing immense hardship.

It has been decided that only loans taken out before December 31, 2020 and those with a family income of 1 lakh, paying income tax, owning four-wheeled vehicles or any other RBI directive will be taken into account. will not be taken into account. for forgiveness of loans.

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