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Ten women entrepreneurs in the agribusiness sector in Jamaica received stipends valued at $100,000 Jamaica Dollars to scale their businesses under the Women’s Entrepreneurship Support (WES) Project. The stipends were financed through the Enabling Gender-Responsive Disaster Recovery, Climate and Environmental Resilience in the Caribbean (EnGenDER) Project, a project funded by the Government of Canada and UK FCDO, which is UNDP-led with co-implementation by UN Women, WFP and CDEMA.
This past year, the COVID-19 pandemic severely impacted the tourism and hospitality sector – one of the key economic drivers of Gross Domestic Product (GDP) – due to border closures or restricted movement. This economic shock also extended to craft traders, many of whom are responsible for their families’ livelihoods and are women. What did this mean for those whose livelihoods were reliant on tourist arrivals?
Investments with a gender lens are important but they alone are not enough. Often times, financial institutions put credit lines in place, but they come and go. What is needed is business support advisory, and evidence.