Grants For Hispanic Female Entrepreneurs – In celebration of Hispanic Heritage Month, we want to celebrate the Hispanic women entrepreneurs who are helping to boost our nation’s economy. According to the National Women’s Business Council, there are more than two million Latina-owned businesses in the United States, an increase of over 87% since 2007. Despite this impressive growth, Hispanic women often face systematic disparities. and the prejudices that set them up. It’s hard to compete as well.
That’s why we’ve compiled the following tips and advice – to help Latina business owners tackle the challenges of starting and running a business and put them on the path to success.
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Social media is a great, inexpensive way to level the playing field, expand your business, reach your customers, better market your business, and sell through new channels. Learn how to use social media and other digital platforms that your customers use. Facebook for Business is offering free training, resources, and online activities in September and October as part of the Latinx Hispanic Business Growth Initiative. Google also offers valuable resources for Latina businesses – including formal workshops, digital coaching, video courses and more. And Hootsuite, a social media management platform, offers free training in Spanish to help your business make the most of social media.
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Business Acceleration can help early stage businesses with training, mentoring, support, resources and funding opportunities. The non-profit Latino Acceleration and Manas Acceleration are two that focus on helping Hispanic entrepreneurs, and there is an additional accelerator dedicated solely to helping women entrepreneurs. Check out the options available and take advantage of the benefits they offer.
The most valuable asset for Hispanic women business owners are Hispanic women business owners. They understand the challenges you face, have experienced them, and can provide guidance on how to overcome them. Networking groups like the Women in Business program can be a great way to meet other women who are running the same business, make connections, or find mentors. Other women who have walked in your shoes will be able to offer valuable business advice, solve your problems, and help you make more connections to help you develop your new venture.
Hispanic business owners and women still face challenges in accessing the capital they need to finance their businesses. The U.S. Chamber of Commerce offers a list of specific options for Hispanic entrepreneurs, and links to crowdfunding, angel investors, grants, and accelerator programs and other conceivable sources. Additionally, financial institutions like Valley Bank recognize the economic power and importance of Hispanic women’s businesses, and can provide financing options that meet your unique needs.
At Kibaya, we are committed to helping Hispanic women business owners with the financial services, networking support and tools they need to succeed. Enroll in our Women in Business program today, or contact us to learn more. Systemic barriers have long prevented Latinos from achieving financial viability and upward mobility. Now, in the middle of the pandemic, they find themselves disproportionately affected by financial problems and unemployment. Yet Latin remains a powerful financial force, with a purchasing power of nearly $2.6 trillion. our series,
Karen Maldonado (2)
In recent years, crowdfunding has provided a new source of business for startup business owners, especially those started by women and people of color.
It is a government-regulated vehicle known as Reg CF – Regulated Crowdfunding – and more commonly known as Equity Crowdfunding. It allows entrepreneurs to raise up to $5 million from a large pool of investors once a year to receive some form of equity in the company (such as equity, convertible notes, or cash dividends).
Prior to May 2016, investment in private equity firms was limited to wealthy investors. Since the introduction of crowdfunding, thousands of traditional entrepreneurs have been able to contribute to startups and small businesses across the country.
Companies struggling to attract the attention of venture capitalists or traditional investors, but having little trouble explaining value to their partners and customers, are turning to more funding.
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“There are a lot of different ways to fund when you’re stuck,” said Natalie Molina Nino, an “innovative investor” at the Strategic Investment Institute.
“Community is one of them, but that’s where Latinos can win,” said Molina Nino.
In addition to managing his own investments and businesses, Molina Nino advises entrepreneurs from various industries.
According to statistics from Pitchbook, an independent venture capital market database, only 2.2% of venture capital funding goes to groups founded by women, and even less goes to women founders of color.
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According to a 2020 study by the Stanford Latino Entrepreneurship Initiative, 20% of Latino businesses received more than $100,000 in national bank loan financing. For white businesses, it was 50%. For all loan sizes, Latino applications were successful 51% of the time; 77% of requests from legitimate businesses.
Molina Nino says the success some Latinos have had in socializing is due to their larger size, especially compared to their male counterparts.
“As far as Latinos are concerned, (the equity crowd) is the holy grail because our purchasing power and purchasing power is stronger than any other democracy,” he said.
“Significant visitation,” he said, comes from large family networks and general Latino purchasing power, according to Latino Donor Associates.
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A recent report from Experiment.com analyzing more than 700 campaigns shows that women are showing more success in the crowd. Women were found to reach fundraising goals 57% of the time. Men score 43% of the time.
Ivelyse Andino, CEO and co-founder of Radical Health, founded her technology company in 2015 to help scale the healthcare industry.
Ivelyse Andino is an Afro-Latina innovator born and raised in the Bronx. She is the founder and CEO of Radical Health, and a member of the New York City Commission on Equity. Photo by Derek Fahsbender.
Andino is Afro-Latina, raised in the South Bronx by her parents, who both work in the workforce. She started life support after her mother was diagnosed with cancer and was denied health insurance.
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He combined his expertise in medicine and his passion as a community organizer to create New York City’s first Latino-owned and operated “for-profit corporation”—in terms of public health, an independent organization. doing a community development project. : Establishing a caring environment, technological tools and education to improve the quality of care.
During the Covid-19 pandemic, they also hosted a virtual event to reflect on how it has affected the South Bronx community. Last year, they launched “Radical Rally,” a health program that empowers pregnant women to ask questions and affirm equality in their lives.
“We make it easy for people to come together to have trust-building conversations and relationships with internal organizations online,” Andino said. “Empowering people to know their rights before, during and after treatment connects doctors, researchers, providers and the public.”
According to Health.gov, 77 million Americans don’t know about their health care, and only 44% of blacks trust their health care – 20% less than white respondents.
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“When we were still talking about medical care at the Bronx Hospital on Medicaid emergency,” Andino said, “I decided we needed this business.” “
Radical Life began to gain profits through contracts with companies and organizations with good budgets. They also partnered with the Obama Foundation and, in 2018, with the New York City Department of Education. During that time, the profits went into upgrading the company’s resources, building a large user base and developing the software.
Since its inception, Radical Life has reached $500,000 in annual revenue. And the company’s investment — funded by investors — is approaching $1 million through crowdfunding.
Molina-Nino, who advises Andino, said: “Iolis used a lot of people to replace what the wealthy people of Silicon Valley used to do as their friends and family” (of selling company shares).
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“Now he has a major branch of a medical center that will be very interested in him because they think he created and made money in a different way, they say, ‘We love his badness.’
“All of a sudden, investors wanted to talk to us, but what was missing was how my family would get involved.”
Andino said she was frustrated with the traditional investment program because, as a Latina, she seemed to be fighting an uphill battle.
“For the first time, people were talking about health and equality,” Andino said. “And with the awakening of the race, we decided as a group now is the time to invest and do it on a larger scale.”
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Andino also confirmed that he is not seeking capital from investors. He tried to ensure that the people who benefited from his work could also invest.
Andino invited the neighbors to the kitchen table. He wanted to listen
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