Macquarie Group Foundation invests in women-led businesses

The Macquarie Group Foundation has joined the Australian government initiative to fund women led and owned small and medium enterprises in Southeast Asian region with investments of more than P43 million (or AUD 1.25 million).

The Investing in Women RISE Fund-Responsive Interventions Supporting Entrepreneurs by the Australian government seeks to inject catalytic capital for women, who have been disproportionately affected especially during this pandemic. The Fund offsets COVID-19 impacts on women-owned and women-led businesses and provides much needed liquidity in a capital constrained market.

The Macquarie-Investing in Women RISE Fund was formally launched on 17 November 2020 at a signing ceremony led by the Australian Ambassador to the Philippines, HE Steven J. Robinson AO, and Eric Yaptangco, Division Director, Manila Technology and Office Head, Macquarie Group.

“Women will play a central role in the recovery from COVID-19 and should have an equal part in a more resilient, inclusive, and broad-based Philippine economy. The Macquarie Investing in Women RISE Fund will support and give a boost to women’s SMEs and help to build back better in the Philippines,” explained Ambassador Robinson AO. “Closing the gap between women’s and men’s access to capital will provide a significant boost to economic growth at a time when it is much needed.”

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Cahiles-Magkilat, B. (2020, November 18). Macquarie Group Foundation invests in women-led businesses. Manila Bulletin. Retrieved from https://mb.com.ph/2020/11/18/macquarie-group-foundation-invests-in-women-led-businesses/