Investing in women's entrepreneurship creates educational opportunities for girls in Mexico - Canadanewsmedia
Connect with us

Investment

Investing in women's entrepreneurship creates educational opportunities for girls in Mexico

Published

on


Research shows that women who have control over the household resources are more likely to spend it on the welfare of the family, specifically investing in food and the education of their children. This is particularly true for those living in poverty and in marginal areas.

In the Yucatan Peninsula southeast Mexico, a number of Maya women group together to work in microbusiness cooperatives as an additional source of income. These initiatives are highly needed in indigenous communities located in isolated regions since the low levels of education in these rural villages do not allow them to compete fairly in the labor market. This is especially true for adult women, most of whom have not completed primary education.

For microbusiness cooperatives to have a real impact not only on women but the development of their families—especially girls—my research findings suggest that there are three key elements of success that should be taken in consideration when working with groups of indigenous Maya women to increase the sustainability of initiatives: social capital, follow-up activities, and ethical leadership.

First, it is important to financially support groups of women that are composed of friendships and/or families, since it is more likely that they will stay together as they face the challenges of operating a microbusiness cooperative. This value based on trust is also known as social capital, or a support network among community members. Social capital helps women confront the difficulties they face in relation to poverty, the migration of their husbands and sons due to labor reasons, and the gender inequalities that persist in these indigenous communities.

Second, follow-up activities carried out by representatives of the organizations that financially supported these initiatives is an excellent opportunity to provide additional guidance to women to grow the business over the time and foster their entrepreneurial skills, instead of being a monitoring activity merely to verify the efficient use of resources. Despite this, there are language barriers and I recommend that follow-up activities and training be conducted in their mother tongue, the Maya, the primary language in remote Maya villages. This will better facilitate the channels of communication and assure a full understanding between the representatives and the women.

Third, the presence of ethical leadership among entrepreneurial women will favor the sustainability of a microbusiness cooperative over time. As Albert Bandura stated, human beings modify their behavior to adapt socially; using this theoretical approach, ethical behavior is promoted and subsequently permeates inside the cooperative, among business partners, and clients. This is an alternative to doing business that is based on honest work.

In my book Enhancing Maya women’s development through cooperative associations: What factors support or restrict the contribution of cooperatives? I find that once a cooperative microbusiness is sustainable, Maya women invest their gain to support their children to achieve higher levels of schooling, especially with girls. Based on my nearly 90 interviews with Maya women, they understand first-hand the gender norms present in these rural communities that favor boys over girls. In other research, Understanding Girls’ Education in Indigenous Maya Communities in the Yucatan Peninsula, I demonstrate the important role and influence that mothers have in the educational development of their girls. Therefore, they may be more likely to invest in their daughter’s education when they have the financial means to do so, as one of the women said, “I’m working to help them with their school’s expenses, so they can have a better future.”

Following these recommendations will increase life opportunities not only for women but also for their daughters. Women’s empowerment through education and participation in economic activities reflects the value of self-sufficiency. This is an essential step towards human development based on effort and honest practices, which fosters respect towards women in communities traditionally ruled by patriarchal structures.

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

How to Stop Investor's Remorse

Published

on

By


[unable to retrieve full-text content]

  1. How to Stop Investor’s Remorse  U.S. News & World Report
  2. Full coverage



Source link

Continue Reading

Investment

Why the world's wealthy are investing more in companies that care, Aecon's tumble and where Prem Watsa sees …

Published

on

By


A global investment club for the wealthy whose members aim to bring about social or environmental change as well as making a profit has grown by more than US$1-billion in two years, according to a report.

Toniic said its members now have a combined US$2.8-billion in what’s considered impact investments – capital placed with companies and organizations that can demonstrate they benefit society or the environment – up from US$1.65-billion in 2016.

Members, who include families and foundations as well as wealthy individuals, said the industry was becoming more mainstream.

Story continues below advertisement

“Impact investing is not some minority sport by some hippies on the fringes,” James Perry, chief executive of the Panahpur charitable foundation, which has investments worth 4 million pounds (US$5.34-million).

Toniic found 82 per cent of members who participated in its study had portfolios that met or exceeded their financial expectations according to the report, released on Thursday.

A majority said impact investments yielded returns on a par with traditional investments.

Perry cited Auticon, a British IT consultancy that helps integrate employees with autism into workplaces, as a successful impact investment in the Panahpur portfolio. Auticon’s shares rose in value recently after it expanded into other countries.

“Clear dissatisfaction in the way the economy is going and emerging data around changing ecosystems have woken people up. People are seeing they can’t carry on like they are,” he told the Thomson Reuters Foundation.

The amount of money going into impact investing is rising by about 18 per cent a year, according to the Global Impact Investing Network, whose 2017 survey found the market was worth at least US$114-billion.

However Damian Payiatiakis, head of impact investing at Barclays, said the industry was still in its infancy.

Story continues below advertisement

Story continues below advertisement

“The industry has progressed from the stage of visionary innovators and is now entering one of early adopters, but the majority of investors aren’t yet aware of or being offered this opportunity,” he said.

— Lee Mannion, Thomson Reuters Foundation

This is the Globe Investor newsletter, published three times each week. If someone has forwarded this e-mail newsletter to you, you can sign up for Globe Investor and all Globe newsletters here.

Stocks to ponder

CI Financial Corp. (CIX-T). The S&P/TSX Composite was more or less flat for the trading week ending with Thursday’s close, easing lower by 0.2 per cent, but the benchmark remains in overbought, technically vulnerable territory according to Relative Strength Index (RSI). The RSI level of 73 is just over the 70 sell signal and miles away from the oversold RSI buy signal of 30. There are four oversold, technically attractive index constituents trading below the RSI buy signal led by Aecon Group Inc. Dorel Industries Class B, CI Financial Corp. and Extendicare Inc. round out the list. Scott Barlow focuses on CI Financial as he was surprised that a company with its fortunes leveraged to market performance was not following the benchmark higher. (For subscribers).

Quebecor Inc. (QBR.B-T). This stock appears on the positive breakouts list with its share price closing at an all-time high on Thursday. Analysts have positive outlooks on the security with 14 buy recommendations. Earlier this month, the company announced a change to its dividend policy, which is expected to result in meaningful increases to its dividend over the next few years. Quebec-based Quebecor Inc. is a telecommunications and media holding company with an 81.5-per-cent interest in Quebecor Media Inc. Quebecor has three key business segments: telecommunications with its core asset, Videotron Ltd.; the media segment, with the television broadcaster, TVA Group; and its smallest segment, sports and entertainment. Jennifer Dowty reports (for subscribers).

Story continues below advertisement

Aecon Group Inc. (ARE-T). Aecon Group Inc. didn’t work as a short-term takeover target. Perhaps the stock will look better as a long-term investment. The construction firm had seen its share price soar to a 10-year high of $20 in April, ahead of a proposed $1.5-billion takeover by the financing unit of China Communications Construction Co. Ltd. (CCCC), which is majority-owned by the Chinese government. But on Thursday, the shares tumbled to levels seen 4½ years ago, down 15.4 per cent for the day, after the Canadian government blocked the deal on Wednesday, citing national security. David Berman reports (for subscribers).

Watsa shuns China as Fairfax looks for investment in India, U.S.

The Rundown

Watsa shuns China as Fairfax looks for investment in India, U.S.

Prem Watsa, the billionaire head of Fairfax Financial Holdings Ltd., sees plenty of opportunities for investment in the U.S. and his native India. He’s less interested in the other Asian powerhouse. “In China, we are less invested,” Watsa said in an interview with BNN Bloomberg Television Friday. “We like democracy. We like business-friendly policies.” Watsa, who emigrated from India 46 years ago, is most excited about the opportunities being created there due to the policies implemented by Prime Minister Narendra Modi.

Top Links (for subscribers)

Economist predicts nasty Canadian recession in 2020

Others (for subscribers)

Friday’s analyst upgrades and downgrades

Friday’s Insider Report: Companies insiders are buying and selling

Friday’s small-cap stocks to watch

Others (for everyone)

Oil prices slump as OPEC and Russia consider output boost

Number Crunchers (for subscribers)

Nine U.S.-listed small-caps poised to outperform their large-cap rivals

Ask Globe Investor

Do you have a question for Globe Investor? Send it our way via this form. Questions and answers will be edited for length.

What’s up in the days ahead

Ian McGugan takes a look at rising U.S. interest rates and what that means to emerging markets and the rest of the world.

Click here to see the Globe Investor earnings and economic news calendar.

More Globe Investor coverage

For more Globe Investor stories, follow us on Twitter @globeinvestor

Click here share your view of our newsletter and give us your suggestions.

Want to subscribe? Click here to sign up or visit The Globe’s newsletter page and scroll down to the Globe Investor Newsletter.

Compiled by Gillian Livingston

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Feds investing $8.1M in Charlottetown Airport runway upgrades

Published

on

By


The federal government is investing $8.1 million for improvements to the Charlottetown Airport.

The project will focus on the airport's main runway and connecting taxiways, according to a government news release.

Major components of the work include grading and drainage improvements, replacement of stormwater collection infrastructure, and repaving.

The project is expected to create about 180 jobs during construction, the government said.

"Transportation systems are a vital part of the Prince Edward Island economy and the investment announced here today will foster long-term prosperity in all corners of the province," said Cardigan MP Lawrence MacAulay.

"These improvements at the Charlottetown Airport will give Islanders more transportation options while helping businesses get more products to market."

More P.E.I. news

Let’s block ads! (Why?)



Source link

Continue Reading

Trending

Copyright © 2018 Canada News Media

%d bloggers like this: