About a third of entrepreneurs in Europe are women. It's true that isn't always easy, in the face of well-worn stereotypes, to construct a professional network and get access to business financing. But in Larnaca in Cyprus, 350 women got toether and created a cooperative bank which has revolution... More
About a third of entrepreneurs in Europe are women. It's true that isn't always easy, in the face of well-worn stereotypes, to construct a professional network and get access to business financing. But in Larnaca in Cyprus, 350 women got toether and created a cooperative bank which has revolutionised entrepreneurship amongst women in the country. Set up in 2000, this bank specialises in small loans up to 100,000 euros, with flexible repayment plans, grace periods of up to 2 years, interest rates around 4%, and the possibility of accessing funds within 48 hours. Artemis Tourmazi is an ambassador for Female Entreneurship in Europe. CEO of the bank since the beginning, she is proud of their achievements: "In the ten years since we started, with all these combined efforts, we managed to increase our percentage from 10/12% at the begining to almost 30% in 2010. Which is amazing." Anna Karyda's company looks after, cleans, and maintains cars for passengers at Larnaca airport. When the company expanded in 2005, the bank lent her 60,000 euros; 10% of the necessary investment. But as well as financing, Anna got advice and access to the bank's professional network. Anna Karyda, Director of Drive and Fly said: "They supported our idea. They encouraged us. They helped us with the company's business plan, and of course they gave us information when wanted financing from m other financial institutes. They gave us very good information about banking with them, and getting financing on good terms from other institutes. That was very important for us." Working with the bank, meant that Anna worked with The European Network of Female Entrepreneurship Ambassadors which exists in 22 EU member states and which aims to help women succeed in business. Anna Karyda said: "For me the keys to success are working long hours, being reliable about what you say and what you do. And of course, finding the right person, the right association, the right associates and partners so as to create a good team around you, to support you in every way." Less
Added Jul 9, 2012
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mars Cubed Says:
Apr 7, 2013 - "Entrepreneur" is the ideologically posturing. - "innovation" was new ways of fining people. Injecting botox to spoil information, bonuses for ignoring harm. Externalities add up. Thus it's about limits & scope markets operate in, could be like formula racing perhaps. If ppl want to trade, they should contribute & abide by rules, or get chased away by folk in the market (wage earners), as snake oil swindlers traditionally are. Equal & informed works better. watch?v=cZ7LzE3u7Bw Most unions too.
politicalchanel Says:
Apr 6, 2013 - there are actually programs for entrepreneurs in general; so your point was already mute to begin with; now as for having extra programs specifically for young, ethnic minority entrepreneurs etc. and yes, female ones, it would be irresponsible of governments not to take action to balance things out;
politicalchanel Says:
Apr 6, 2013 - bullshit; look, feminism is simple: it's a good thing when women are put down, it's a bad thing when they already are equal or even worse above men; now, it is a FACT, not some kind of bias, that there are entire groups and classes of people that have it worse than other such groups or classes in one way or another; In Europe, it's not just women, the elderly disabled young etc. all are under-represented in the ranks of entrepreneurs;
politicalchanel Says:
Apr 6, 2013 - comments in ideology are one after another; seriously, does it have to be all capitalism or no capitalism? all left or all right? how about we just think things scientifically and not ideologically? how about we have both private owner ship of some business and also cooperatives? look, it is confirmed fact, by statistics and sociological studies for maybe 50 years or so that entrepreneurship =economic growth! like it or not entrepreneurs are the backbone of development
politicalchanel Says:
Apr 6, 2013 - I find it slightly disturbing how to describe entrepreneurs as sociopathic while the guy immediately bellow was crying that this video isn't capitalist enough; so I am going to go out on a limb here and say you're extreme left wing while the guy immediately bellow you is extreme right wing; now see, this is the problem; with everything, society, politics, economics... everything: people have extreme opposite opinions; it is very illustrative of this how these two diametrically opposite
politicalchanel Says:
Apr 6, 2013 - "boosting [...] entrepreneurs" is not capitalism? what is more capitalist that entrepreneurship?
welfas kuru Says:
Feb 18, 2013 - Hello, have you heard of this method called the Intellitus Cash System? (go search google). My dad says it gets people tons of profits.
VlPrtn Says:
Jan 21, 2013 - JESUS CHRIST IS LORD - Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. Turn to Jesus Christ - Ask JESUS CHRIST to save you
Te Kar Says:
Nov 16, 2012 - this is how your "democracy" works -nobody like it, but no one can do a shit about it
Vincent lukas Says:
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2008marian Says:
Jul 9, 2012 - Men who don't know how to do business will face the same problems. Is there any program for men only ? No. And people still think that feminism is about equality. a man fails: "i wasn't as good or as lucky as my competitors" a woman fails: "the sexist patriarchy is keeping me down !! i want special treatment !"
mars Cubed Says:
Jul 9, 2012 - 'Success of women's cooperatives' would be more appropriate. As it is, it seems like junk spun by Conservative neoLiberal greed cult ideologues, People make cooperatives to avoid myopic profit culture. COPYLEFT software & hardware is already reality in industry.. web co-op too. Evri1 needs to extinguish the alienated greedy concept of individualist sociopathic 'entrepreneur'. It is stupid.. We need deeper ideas of connected social harmony & green sustainable success. Good video.. dire title.
Chris RoadWarrior Says:
Jul 9, 2012 - PROGRESSIVE TAXATION: the more financially successful you become the easier for the state to get more money from you, TAX THE RICH, isn't the way the current FR SOCIALIST President came to power? Also I don't see the word CAPITALISM in the video description or commentary, how come? Is capitalism a taboo word in today's EU?