Community economic empowerment

❒ Community economic empowerment (women, youth, and vulnerable people)

Investing in women’s economic empowerment yields significant benefits not only for individual families but also for communities and national economies at large. Research indicates that when women control their earnings, they invest more in their children’s education and health care, leading to improved outcomes across generations. Furthermore, increasing women’s participation in the workforce contributes positively to overall economic growth by expanding labor markets and enhancing productivity.

Nemeka Foundation will empower women through 5 strategies;

🟣Strategy 1: Enhancing Access to Capital

Many women in emerging markets are self-employed out of necessity. Improving access to financial services, such as credit, savings accounts, budgeting, and asset transfers is essential for helping them sustain and grow their enterprises.

🟣Strategy 2: Promoting Digital Inclusion

Digital tools can significantly enhance women’s economic opportunities by providing access to information and markets. Nemeka Foundation Initiatives aimed at increasing digital literacy among women which will lead to better job prospects and income-generating activities.

🟣Strategy 3: Building Skills and Addressing Social Norms

Equipping women with job skills while challenging harmful societal norms is critical for maximizing their participation in the economy. Nemeka Foundation will establish training programs tailored to meet the specific needs of different groups of women based on their circumstances.

🟣Strategy 4: Advocacy and Policy Influence

Engaging women in decision-making processes related to economic policies ensures that their needs are represented. Advocacy efforts should focus on creating an enabling environment where women’s voices are heard in both public policy discussions and private sector initiatives.

🟣Strategy 5: Capacity building

Capacity building and training on financial inclusion in the community.