The William Davidson Institute (WDI) has announced a new partnership with The Goldman Sachs Group Inc. to bring business education to Rwandan women who have traditionally been denied opportunities in schooling and business.
The global banking firm kicked off a new initiative today called “10,000 Women,” which will provide 10,000 women, predominantly in developing and emerging markets around the world, with a business education. WDI is one of a select group of leading institutions and business schools partnering with Goldman Sachs.
“In many of these countries, there is very little entrepreneurial activity and very few women receive even a basic education,” says Robert Kennedy, executive director of WDI. “A program like this is an investment in the half of the population that has been neglected and whose talents are not being used. Entrepreneurship education gives women a leg up in gaining wealth, becoming independent, and participating in the transformation of their countries.”
Goldman Sachs approached WDI several months ago seeking to work together to positively impact the lives of women in the central African country. The firm knew of the institute’s successes in turning the School of Finance and Banking (SFB) in Kigali, Rwanda, into a regional center of excellence in business education.
That led WDI to make two proposals for the “10,000 Women” project, which won approval by Goldman Sachs.
In the first, the institute will design and implement a program to provide scholarships for 15 women from around Rwanda to enroll in the bachelor of business administration program at the School of Finance and Banking. The scholarship program will focus on underprivileged but qualified women regardless of age.
A committee of distinguished Rwandans will select the scholarship recipients. All scholarship recipients will receive counseling and mentoring by a program manager and SFB faculty to ensure academic success.
This program comes at a time when the government of Rwanda has substantially reduced funding for scholarships for the 2008 academic year due to budgetary constraints.
The second effort, the Goldman Sachs Entrepreneurship Certificate Program, will give participants the knowledge and skills needed to launch or expand business enterprises in Rwanda. In the course of the six-month program designed and delivered by WDI, 30 women will create business plans that immediately can be transferred from school to the real world.
The women will learn business planning, marketing, finance, accounting and management during training at SFB. They also will be assigned to one of five sector groups based on their industry. Each industry group will have a faculty consultant who will provide hands-on assistance and consulting as the participants proceed in putting together their business plans. At the end of the program, participants will present their business plans to the group and program faculty members.
