WE-Xport<\/a> commenced in March 2018 and climaxed with a closing ceremony on Friday, June 7, 2019, at the Hilton Barbados Resort. <\/p>\n\n\n\n\u00e2\u20ac\u0153We believe that this WE-Xport programme has\nbeen a tremendous success,\u00e2\u20ac\u009d Mr. Zamani Moodie, Market Intelligence Advisor at\nCaribbean Export said on behalf of Ms. Cecile Humphrey, Chairperson of the\nBoard of the Directors.<\/p>\n\n\n\n
\u00e2\u20ac\u0153Caribbean Export understands the complexed\nchallenges faced by regional firms, particularly those owned by women.\u00e2\u20ac\u009d A study\nby the Women\u00e2\u20ac\u2122s Entrepreneurial Venture Scope, funded by the Multilateral\nInvestment Fund on doing business, ranks many Caribbean countries at the bottom\nof the list for female entrepreneurship. \n<\/p>\n\n\n\n
\u00e2\u20ac\u0153Access to finance and women\u00e2\u20ac\u2122s business skill\ncapacity are identified amongst the reasons for this low ranking. Against this\nbackdrop, the Caribbean Export Development Agency developed a special programme\ncalled WE-Xport to assist women entrepreneurs in the region,\u00e2\u20ac\u009d he explained. <\/p>\n\n\n\n
In addition, a study by infoDev, \u00e2\u20ac\u0153Profiling Caribbean Women Entrepreneurs: Business Environment, Sectoral Constraints and Programming Lessons\u00e2\u20ac\u009d<\/em>, draws attention to the state of women-owned businesses in the Caribbean. The study shows that these businesses have little to no employees, are concentrated in low growth sectors and have difficulty accessing finance. Other challenges are their lack of self-confidence and women\u00e2\u20ac\u2122s fear of failure in their businesses. Women also struggle with work life balance because many are primary caregivers. <\/p>\n\n\n\nMr. Moodie further outlined that the objectives\nof WE-Xport were to build capacity amongst women-owned enterprises as well as\nto access alternative sources of funding. \nIt also aimed to provide capacity building tools to help the\nentrepreneurs improve their international competitiveness and increase\npenetration in new markets. <\/p>\n\n\n\n
Additionally, the WE-Xport programme sought to\nadvocate for the empowerment of female entrepreneurs by strengthening their\nnetwork and by creating awareness amongst business support organizations,\ndevelopment partners and stakeholders.<\/p>\n\n\n\n
Over the year participants benefited from\ntechnical assistance, finance workshops, online business training, a personal\nbusiness coach and access to grant funding.<\/p>\n\n\n\n
The entrepreneurs had the opportunity to\nshowcase their products and services to regional and international buyers at a\nBuyers\u00e2\u20ac\u2122 Programme organized by the Barbados Investment and Development\nCorporation and the Caribbean Export. \nThey also got the chance to sell and display goods at BMEX, Barbados\u00e2\u20ac\u2122\nlargest manufacturing expo.<\/p>\n\n\n\n
\u00e2\u20ac\u0153We hope that you had a rewarding experience\nand had obtain tangible benefits that you will continue to use to enhance the\ncompetitiveness of your businesses. We wish tremendous success to you,\u00e2\u20ac\u009d Mr.\nMoodie said.<\/p>\n\n\n\n
He also thanked the European Union (EU), the\nCaribbean Development Bank, the German International Corporation and UN Women\nfor partnering with Caribbean Export on the programme.<\/p>\n\n\n\n
Ms. Celine Anselme, Programme Manager in the\ndelegation of the EU to Barbados, the Eastern Caribbean, the OECS and\nCARICOM\/CARIFORUM, described WE-Xport as \u00e2\u20ac\u0153innovative\u00e2\u20ac\u009d.<\/p>\n\n\n\n
Noting that the EU supported the important\nrole that private sector played in generating employment and economic growth\nwithin the region, she said the EU had been working with Caribbean Export for\napproximately 20 years.<\/p>\n\n\n\n
She added that since 2017 the EU had been\nrunning a US $30 million private sector development programme which is being implemented\nby Caribbean Export. It will end in 2021. \n<\/p>\n\n\n\n
\u00e2\u20ac\u0153WE-Xport is one of the many successful\nactivities being implemented. WE-Xport is not just any initiative, it is\ninnovative. It is the first women only initiative designed within Caribbean\nExport to enhance the export capacities of women-owned enterprises. <\/p>\n\n\n\n
\u00e2\u20ac\u0153WE-Xport got off the ground for two critical\nreasons. The first was a need to address the fact that women-owned enterprises\nin the Caribbean are concentrated in saturated sectors thereby making them\ndifficult to grow. Second, research has shown that in the Caribbean, women\u00e2\u20ac\u2122s participation\nin self-employment is lower than their male counterparts, and when\nself-employed, women are more likely to operate at the micro level with\nsometimes no employees,\u00e2\u20ac\u009d she explained. <\/p>\n\n\n\n
Ms. Anselme said the EU regarded women\u00e2\u20ac\u2122s\nempowerment as a matter of human rights, democracy and good governance and\nargued that it makes good economic sense.<\/p>\n\n\n\n
\u00e2\u20ac\u0153Women normally control the house provisions\nand the financial decisions for their families and by extension, women are a\nsignificant pool of consumers and clients.\u00e2\u20ac\u009d<\/p>\n\n\n\n
Minister in the Ministry of Foreign Trade in\nBarbados, Sandra Husbands told the WE-Xport entrepreneurs that they played an\nimportant role in transforming their countries\u00e2\u20ac\u2122 economies.<\/p>\n\n\n\n
\u00e2\u20ac\u0153The Gross Domestic Product (GDP) of your\ncountry needs you. While you may think your business is small, while you may\nthink you are struggling\u00e2\u20ac\u00a6 every single penny that you turn over in your\nbusiness contributes to the GDP of your country. Therefore, what you do every\nday is not only important to you and your family, it is important to your\ncountry.\u00e2\u20ac\u009d<\/p>\n\n\n\n
Minister Husbands told participants it was\ncritical to look beyond their country to achieve\ntrue growth and pointed out that the Barbadian government was encouraging the\nlocal business community to explore markets in Guyana, Suriname and Panama.<\/p>\n\n\n\n
Taribba do Nacimento from St. Lucia, who owns\nthe designer handmade bag company, Meme Bete, said the WE-Xport programme was\nvery beneficial.<\/p>\n\n\n\n
\u00e2\u20ac\u0153St. Lucia has a population of 180,000 people,\nif I do not export my business cannot survive. I am not selling fish, I am not\nselling food. There are so only many handbags a local lady can and will buy. <\/p>\n\n\n\n
\u00e2\u20ac\u0153I am not selling a need, I am selling a want\nin an affordable luxury market with lots competition. The WE-Xport programme\nallowed me to finally set up my website. I was grateful to have a business\ncoach who worked in fashion and understood the industry,\u00e2\u20ac\u009d Ms. do Nacimento\nsaid. <\/p>\n\n\n\n
Mrs. Grace Foster-Reid, owner of EcoFarms in\nJamaica, an enterprise which produces organic honey and a range of honey\nby-products, also praised the WE-Xport Programme. Through the initiative, she secured a deal to\nsupply honey to the international coffee franchise Starbucks. <\/p>\n\n\n\n
She thanked her coach for helping her \u00e2\u20ac\u0153to take\nthe Starbucks order from 95 per cent to 100 per cent\u00e2\u20ac\u009d. However, she said the\nhighlight of her experience was forming a sisterhood with the other women.<\/p>\n\n\n\n
\u00e2\u20ac\u0153I thought I was coming for information about\nfinancing and mentorship, but the relations were fabulous. Immediately I felt\nlike I was with sisters. Entrepreneurship is a lonely place. On Friday evening,\neverybody is worried about how to pay their workers. Right away I had a family,\nwomen with whom I could share and be vulnerable with.\u00e2\u20ac\u009d <\/p>\n\n\n\n
Observing they were the first group to\nparticipate in the initiative she appealed to Caribbean Export to continue the\nWE-Xport programme given the benefits derived.<\/p>\n\n\n\n
\u00e2\u20ac\u0153This should not be the last experience, there are many other women in the Caribbean who could benefit from this,\u00e2\u20ac\u009d Mrs. Foster-Reid emphasized. <\/p>\n","protected":false},"excerpt":{"rendered":"
Nineteen Caribbean female entrepreneurs have successfully completed the WE-Xport Programme, an initiative geared at helping them to start exporting or to increase exports of their products and services. Organized by the Caribbean Export Development Agency (Caribbean Export) in cooperation with the European Union, WE-Xport commenced in March 2018 and climaxed with a closing ceremony on […]<\/p>\n","protected":false},"author":9,"featured_media":246586,"menu_order":0,"template":"","tags":[],"class_list":["post-268195","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n
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