Beyond Capital: Why Investing in Women is More Than Just Funding.

In Tanzania, where I’ve witnessed firsthand the determination of women seeking loans through VICOBA SACCOs, the theme takes on a profound significance. I vividly recall the story of a close friend who, despite her drive and determination, encountered significant hurdles due to the absence of comprehensive financial education. This personal experience highlights the critical need for not just financial support, but also for the empowerment that comes with financial literacy. Mere access to capital is not sufficient for sustainable success. We need the knowledge and skills to effectively manage finances, make informed decisions, and navigate the complexities of running a business. It’s about more than just securing funding; there is a pressing need for mentorship, guidance, and access to networks that can provide invaluable insights and support. As women entrepreneurs, we must proactively seek opportunities for mentorship and continuous learning to enhance our capabilities and resilience in the face of challenges. This month, I hope to see more discussions, articles, forums, and policies addressing the critical need for comprehensive financial literacy tailored to women entrepreneurs in Tanzania. By advocating for and actively participating in initiatives that promote financial education, we can collectively work towards creating an environment where women are not only invested in but also empowered with the knowledge and skills necessary to thrive in their ventures. It is through this holistic approach that we can effectively accelerate progress and create lasting impact within our entrepreneurial community.