WEConnect International in Indonesia identifies, educates, registers, and certifies women's business enterprises that are at least 51% owned, managed, and controlled by one or more women. WEConnect International is the only non-profit connecting women-owned businesses with multi-national corporate purchasing organizations outside of the United States.
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Women's forum discusses financial inclusion
From The Nation, December 16, 2014:
Suryani SF Motik, WEConnect International's executive director for Indonesia, said rural people could start with small businesses and then expand gradually.
"You can go to the big companies and ask if they have Corporate Social Responsibility funds. If they do, you can ask them to channel CSR funds into your activities. You can also work with financial institutions, such as banks," she said.
Motik said bankers usually save accurate data and credit profiles of borrowers in Indonesia. If someone borrows money from a bank, he needs three years of experience, she said.
Motik also shared one of her experiences during the Asian economic crisis in Indonesia.
"During the crisis, women were the backbone of the economy. They set up SMEs. We invited the Central Bank and all the bankers in Indonesia [to discuss how to solve our problems]. All the bankers said that women are the best borrowers. When women borrow money from the banks, they cannot sleep if they cannot pay. So I believe in the women," said Motik.
"If you want to do the financial inclusion at the micro level, you should give it to the women. The ones who signed the contract should not be men. They should be the women, as they are responsible," she added.
WEConnect International launches operations in Indonesia
WEConnect International successfully launched its Indonesia initiative on February 28th in Jakarta with a program that included panel discussions on public and private sector procurement and the critical role of women-owned businesses as suppliers.
“We are eager to work with women business owners in Indonesia interested in growing their companies and selling to multinational corporations,” said Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International.
“The support from local business associations, government agencies and multinationals has been overwhelming. Women business owners have been amazingly enthusiastic to learn about the possibilities to further their business success,” she added.
The Indonesia initiative, led by Dr. Suryani Motik, is made possible by the generous support of the ExxonMobil Foundation and the Rockefeller Foundation.
The launch program, in English and Bahasa, featured keynote addresses and panel discussions. Armida Alisjahbana, Minister of State for National Development Planning and Head of Bappenas, delivered the keynote address. Other speakers and partners from Bank BPTN, HIPPI, Indoprima, Indonesian Chamber of Commerce, IWAPI, KOWANI, MCAI, Sarinah, and World Fashion Week also contributed to the discussion.
Over 180 participants attended the event. Representatives from key Indonesian business associations, government agencies, and major media were also present, as well as senior executives from numerous multinational corporations such as Accenture, Diageo, ExxonMobil, EY, and Walmart.
The event was heavily covered by major Indonesian media, including BeritaSatu, Femina Group, MNC and Tempo.
Left: Participants in the launch of WEConnect International in Indonesia listen to speakers deliver remarks during the program in Jakarta on February 28th; Center: A panel of experts discusses procurement from women-owned businesses during the launch of WEConnect International in Indonesia. From Left to right: Popy Darsono, of DNI Bank and Founder of Indonesia Association of Designers; Rizka T. Laksmi, from Exxon; Michelle Lim, from Accenture, and moderator Adi Marsono; Right: Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International, and Dr. Suryani Motik, leader of the WEConnect International initiative in Indonesia, speak to members of the Indonesia media during the launch of WEConnect International in Jakarta on February 28th.
WEConnect International featured in Indonesia´s Femina Magazine article "Programs for Woman Entrepreneurs" ( Program untuk Wanita Pengusaha) by Ms. Yoseptin Pratiwi.
Dr. Suryani Motik
Executive Director For Indonesia, WEConnect International
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