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Why yCapital Matters

ygap Ltd

Supported beneficiary groups within Women & Girls
Age Demographic
Adults - aged 25 to under 65
Project Focus
Project Area
International
Rural/Regional

Project Description

Women-led businesses receive less than 3% of investment capital worldwide. ygap is on a mission to change that. The greatest challenge for women-led ventures globally is accessing capital and financial services. According to a 2023 report by the IFC, there is a $300-billion global gap in financing that exists for women-owned small and medium-sized businesses and remains a major constraint to their growth. This challenge is most pronounced in developing countries.

Through our first-hand experience working with entrepreneurs across Africa, The Pacific and Australia, we know that the traditional funding system doesn’t necessarily fit the entrepreneurs we work with because of how investability is defined. We also know that the gender-funding-gap is far more pronounced for women-entrepreneurs of colour who will make up the majority of the demographic we work with across our different regions. Putting the right kind of capital in the hands of underrepresented entrepreneurs is a mission we are committed to. Because behind this substantial gender-gap are hundreds of individual stories of entrepreneurs who have graduated from our ygap Accelerators.

Our goal is to raise $1 million by the end of FY 2024 to provide comprehensive training and essential loan capital. Your support will enable us to exclusively train and build the skills of 25 women entrepreneurs, fostering economic independence, breaking barriers, and creating a ripple effect of positive change.

Expected Outcomes

  • Strong pipeline of viable, local-led impact ventures
  • 90% of 25 enterprises complete the accelerator programs
  • 90% of entrepreneurs report an increase in self-confidence to manage their business
  • 30% Compound Annual Growth Rate per annum of enterprises that participate in the accelerator program
  • Capital is successfully deployed and aligned with entrepreneur's needs and profile.
  • All participating ventures in the pilot comfortably being able to pay-back the loan within the agreed time enabling us to build a business-case around this funding model (measured after 3 years).
  • 50 decent jobs created/sustained (formal employees)
  • 80% Survival Rate of businesses after 2 years (measured for 3 years)
  • A pipeline of ygap entrepreneurs ready to scale their business and access 0% interest loans.
  • US$100,000 additional capital raised by women-led enterprises (crowd-funding) to contribute to yCapital loan fund (US$300,000 after 3 years).

Project Data & Lessons

We will collect data from the program participants as per our monitoring, evaluation and learning standard across three surveys: before the program starts, after the program ends and twelve months after program completion.

The key outcomes we will be monitoring against include:

  • Entrepreneurs are more knowledgeable about the investment landscape, their needs as entrepreneurs, and the different financing options available to them
  • Entrepreneurs have an increased understanding of steps needed to get their ventures investment-ready
  • Entrepreneurs can more confidently navigate the investment ecosystem
  • Entrepreneurs have access to the right networks and relationships with potential investors and financial institutions
  • Entrepreneurs have raised and utilised suitable capital

After analysing the endline survey results, we will be reflecting as a team on the progress towards the outcomes and program learnings. This will then be shared with the participants as well as other stakeholders. A year after the program, we will do a similar process with the follow-up survey results and team reflection hoping to build upon this pilot and inform all of ygap's programs globally in order to increase access to capital for women-led businesses.

Project Dates

Project Commences: March 8, 2024
Project Completes: June 30, 2024

Funding Details

$500,000
Funding Needed
$500,000
Current Funding
$1,000,000
Total Project Costs
0
Approved Tax Deductability Status
Approved Tax Concession Charity
Other Funding Sources
Family Offices, Individuals, Corporate partners
Other Support Opportunities
Not Interested

Organisation Details

ygap Ltd
ABN: 49 133 193 129

Contact

Nooreen Dossa
Phone: 0450834786

About ygap Ltd

ygap is an international organisation that supports local entrepreneurs who deeply understand the unique challenges of their communities and are best placed to develop solutions. We believe in the power of entrepreneurship as an effective way to make sustainable and equitable change in the world.

Women, refugees and migrants, climate-focused and rural entrepreneurs are our priority. We work directly with entrepreneurs, increasing their capacity and agency to run successful businesses. Our aim is to level the playing field for every entrepreneur by breaking down barriers and increasing access to finance, markets and support systems. By offering the necessary support and resources, ygap strives to enable all entrepreneurs to create, launch, scale and sustain businesses that are making an impact.

Since 2008, we have run 69 programs that have supported 752 ventures – the majority are led by women and operate across Africa, the Pacific Islands and Australia. ygap has offices and local teams that lead our programs in each area where we work.

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