An entrepreneur who lost USAID funding to test a new credit scoring model designed to unlock investment in women microentrepreneurs in Africa has been forced to shift her approach. Building off of the incomplete work, she is launching a platform to connect banks, investors and family officers with vetted African women entrepreneurs.
Date: 3/26
Region: Global
Country: Global
Topic: Gender Equality & Inclusion, Economy & Livelihoods
Policy Lens: Economic & Trade Interests
Entry Type: Operational Impact
Additional Context: As reported by Devex, Angie Madara was poised to launch a fund to test a new credit scoring model designed to unlock investment in women microentrepreneurs in Africa. Her focus was helping women entrepreneurs in the informal financial sector scale their businesses, but the funding shock forced her to rethink the model to keep AthenaFundX alive. Madara developed a new analytical tool and will soon launch Athena Capital.
Source: Devex