Saturday, July 2, 2022

Play

The U.S. Supreme Court strips the EPA's power to curb pollution, California takes a big step toward universal health care, and a Florida judge will temporarily block the state's 15-week abortion ban.

Play

SCOTUS significantly limits the Clean Air Act and rules against the "Stay in Mexico" policy, Judge Ketanji Brown Jackson is sworn in to office, and President Biden endorses a filibuster carveout for abortion rights.

Play

From flying saucers to bologna: America's summer festivals kick off, rural hospitals warn they do not have the necessities to respond in the post-Roe scramble, advocates work to counter voter suppression, and campaigns encourage midterm voting in Indian Country.

‘Kitchens of Africa’ Founder: More Women Small-Business Owners Need Access to Loans

Play

Tuesday, October 12, 2021   

RALEIGH, N.C. -- Women small-business owners in North Carolina say access to financing is a key component of helping women reach economic success.

Jainaba Jeng, founder and CEO of Kitchens of Africa based in Raleigh, an African-inspired specialty foods company, is originally from West Africa. She said she sought to recreate the foods of her native country in easy-to-use sauces.

She noted the community development-focused Self-Help Credit Union guided her through the process to get her first commercial loan.

"They were able to look beyond my current circumstances and saw all the hard work that I had put in over the years," Jeng recounted. "They judged me not on what I was going through now, but on what I had achieved throughout the years that I had the business."

Research shows around 52% of women business owners have access to bank credit, and often get offered smaller loans and pay higher interest rates compared with men.

According to the National Association of Women Business owners, more than 11 million businesses nationwide are owned by women, and more than five million by women of color.

Jeng added the financial assistance has helped her grow her business.

"I have been able to expand my product line," Jeng explained. "I started out with two jars; now we have seven different SKUs on the market. "

Tina Postel, executive director of Loaves and Fishes based in Charlotte, explained because women often have the added demands of child care, and might have gaps on their resume due to leaving the workforce, women end up losing out on income over time.

"Sometimes it is a bigger struggle for women to get ahead economically," Postel remarked.

Since the onset of the pandemic, many small businesses have closed or are barely staying afloat. Last year, Gov. Roy Cooper announced a statewide program to help funnel $12 million to help boost economic recovery of state-certified minority and women-owned businesses.


get more stories like this via email
While most classrooms are empty right now, lingering concerns from the previous school year, such as the pandemic's effect on students and staff, are being dissected ahead of next year. (Adobe Stock)

Social Issues

Research is emerging about the secondary trauma school staff members face after helping students during the pandemic. As summer moves forward…


Health and Wellness

A Florida judge plans to put a hold on the state's new, 15-week abortion ban, set to take effect today. He said it is unconstitutional and will issue …

Environment

The Environmental Protection Agency now has fewer tools to fight climate change, after the U.S. Supreme Court stripped the agency of its authority to …


The only memorial to Anne Frank is located in Boise. (Kencf0618/Wikimedia Commons)

Social Issues

Three projects in Idaho have been selected to receive grants from the AARP Community Challenge. Among them is the Anne Frank Human Rights Memorial in …

Environment

Montanans get a sense of what soil health is like on farms and ranches across the state with Northern Plains Resource Council's soil crawls. The …

Medicare fraud costs taxpayers an estimated $60 billion each year. (Adobe Stock)

Social Issues

A new tool aims to help older adults in Arkansas and beyond who receive Medicare track what happens at their doctor appointments. It also can help …

Social Issues

A campaign in Maine is gathering signatures to replace the state's investor-owned energy grid with a consumer-owned utility. Central Maine Power (…

Social Issues

Another important U.S. Supreme Court ruling this month has been overshadowed by the controversy about overturning abortion rights. Legal experts say …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021