YWCA in Arizona has created a $1 million loan fund for minority women entrepreneurs.
The YWCA of Southern Arizona launched the fund to facilitate lending to women and minority entrepreneurs whose businesses support regional economic development.
“This is a two-pronged strategy that puts tools in the hands of women and changes the systems that are unfair and make life so much more difficult than it needs to be,” according to Kelly Fryer, CEO of the YWCA of Southern Arizona.
The YWCA chapter’s Second Century Campaign also includes a $500,000 training and advocacy center for disadvantaged women.
This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.
Photo credit: YMCA of Southern Arizona