March 05, 2008
New Program Aims to Educate 10,000 Women in Poor Countries
By Sam Kean
The investment firm Goldman Sachs and 16 universities around the world have announced a plan to spend $100-million providing business education to 10,000 women in developing countries.
The program, called 10,000 Women, hopes to spread good business practices throughout poor regions in Africa and Asia, to help those regions improve local economies. Goldman Sachs says that it views women in developing countries as an underdeveloped resource because very few of them receive any sort of education.
Most women in the program will earn management certificates in courses that range from a little over a month to six months. According to Goldman Sachs, the women will study topics such as “drafting a business plan, accounting, public speaking, marketing, management, and accessing capital” to support larger projects. The program also hopes to establish business networks and mentor programs for women.
In addition, a few women will receive scholarships to travel to universities and study for a bachelor’s degree in business or a master of business administration degree (MBA). Universities in Afghanistan, Egypt, India, Nigeria, Tanzania, and other countries are partners in the program. U.S. business schools at places such as Columbia and Harvard Universities will also participate.
Goldman Sachs has pledged $100-million over five years to the program. The money will expand certificate programs that some universities already run, improve teacher training, and help to hire more teachers. Goldman Sachs employees will also consult for the program and contribute time and financial expertise.
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It is a good news for me at the dawn of women’s day 2008. When I shared your plan with some of the young girls who are guided by our Trust were very happy to utilize your help for their growth.
— John Bosco Mar 5, 05:15 PM #
good
— baluchandar.k Mar 8, 04:22 AM #
Wonderful news for us women in the third world.How does one get the scholarship.Keep the good work,we are exited.
— Victoria - Kenya Mar 10, 12:04 AM #
I would highly appreciate if I can obtain funds to further my education in Professional Counseling. I am a woman with the desire to become the first in my family line to get a masters degree
— Malia arris Mar 12, 10:26 PM #
This is great news! I’d like to know how I can volunteer as a consultant or to support women who participate.
— Sandra Mar 18, 04:47 PM #