Malaysian Chinese Women Entrepreneurs Foundation (MCWEF)
This was founded by the honourable Tan Sri Dato’ Lim Soon Peng who visited several rural places with some Chinese group representatives or non-governmental organizations. Many of the poor are usually women or single mothers, and they requested the government to give them some form of assistance.
MCWEF’s vision is to provide new business opportunities and micro loans to Malaysian Chinese Women for the purpose of starting new businesses or expanding existing business. The main goal is to improve the economic status of this particular group for the betterment of their future. And their mission is to provide micro loans between RM 5,000 to RM 10,000 for Malaysian Chinese Women interested to become entrepreneurs, provide free counselling services and help these women expand their existing business.
Ant Credit, is an Alibaba Group-affiliated company that provides micro online loans to small businesses, to expand financing for women entrepreneurs in China.
The members of the partnership called their effort the “first Internet-based gender-finance program in China.” Ant Credit vets the creditworthiness of small-business borrowers based on data gleaned from their online transactions and behavior.
Ant Credit plans to use the new funding so that women small-business owners, who often face difficulties getting loans from conventional lenders in China, can finance their online businesses. Ant Financial is related to e-commerce giant Alibaba Group, which among other Internet businesses runs China’s largest online-shopping platforms
Taobao Marketplace and Tmall.com
Many of Ant Credit’s existing clients are women who run businesses on Taobao and Tmall. Ant Credit officials estimated that half of women-owned businesses active on those market places are eligible for micro loans from Ant Credit.
Women Entrepreneurs and Innovation Action
This is the 1st Tech Incubator for Chinese Women Boosts ‘She-Economy’. Amid the current trend of growing female entrepreneurship, China’s first technology incubator for women, TechBase, was officially launched in December 2015.