{"id":8780,"date":"2021-01-28T10:44:27","date_gmt":"2021-01-28T10:44:27","guid":{"rendered":"https:\/\/cfi.co\/awards\/?p=8780"},"modified":"2021-01-28T10:44:27","modified_gmt":"2021-01-28T10:44:27","slug":"vancity-most-innovative-women-entrepreneurs-programme-canada-2020","status":"publish","type":"post","link":"https:\/\/cfi.co\/awards\/north-america\/2021\/vancity-most-innovative-women-entrepreneurs-programme-canada-2020\/","title":{"rendered":"Vancity: Most Innovative Women Entrepreneurs Programme Canada 2020"},"content":{"rendered":"

\"Vancity\"<\/p>\n

Countless studies have shown women to be profitable entrepreneurs, yet they still only claim a fraction of available global funding. Despite the record-breaking numbers of female-founded unicorns in 2019 and the all-time highs for worldwide corporate capital-raising in 2020, women\u2019s share of the pie has dropped even lower. Vancity, a Canada-based finance provider, is committed to changing this. In partnership with the non-profit Women\u2019s Enterprise Centre, Vancity supports female entrepreneurs in British Columbia via a $5m loan fund. Vancity\u2019s Unity Women Entrepreneurs Loan programme provides established female-led businesses with up to $150,000 in financing, with interest-free and interest-only payment options over the first year as well as a five-year waiver on fees. Participants receive professional support services, including networking opportunities and educational resources covering topics like financial management, leadership and marketing. The pandemic continues to threaten the progress of female entrepreneurs. Vancity has responded with swiftness and solidarity. It launched a $200m term-deposit fund to provide an investment vehicle that supports those impacted by Covid-19. It introduced a \u201cbridge\u201d loan for the self-employed as well as a \u201cpivot\u201d loan for small businesses adapting to support the Covid response. Vancity offered loan deferral options, lowered credit card interest rates and waived fees for online and phone banking transactions. It set-up dedicated telephone banking lines for small businesses and another for clients requiring additional support, including senior citizens and people with disabilities. The CFI.co judging panel applauds the company\u2019s strong community engagement and declares Vancity winner of the 2020 Most Innovative Women Entrepreneurs Programme (Canada) award.<\/p>\n","protected":false},"excerpt":{"rendered":"

Countless studies have shown women to be profitable entrepreneurs, yet they still only claim a fraction of available global funding. Despite the record-breaking numbers of female-founded unicorns in 2019 and<\/p>\n","protected":false},"author":1,"featured_media":8782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11,53,8],"tags":[104],"class_list":["post-8780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-front","category-north-america","tag-innovation"],"yoast_head":"\nVancity: Most Innovative Women Entrepreneurs Programme Canada 2020 - CFI.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfi.co\/awards\/north-america\/2021\/vancity-most-innovative-women-entrepreneurs-programme-canada-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vancity: Most Innovative Women Entrepreneurs Programme Canada 2020\" \/>\n<meta property=\"og:description\" content=\"Countless studies have shown women to be profitable entrepreneurs, yet they still only claim a fraction of available global funding. 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