Why support women lead initiatives and businesses amidst ongoing war?
Following Russia's invasion of Ukraine, the region is facing the largest refugee crisis since the Second World War. Some 6.5 million people have been displaced within Ukraine, and some 7.8 million Ukrainian refugees, mostly women and children, are now in Europe. Despite these hardships, women are showing incredible strength by caring for their families and standing up for themselves, even after losing their homes and loved ones.
Supporting Ukrainian women-owned initiatives and businesses is crucial to the country's recovery. Small businesses and entrepreneurs make up more than 60% of the Ukrainian economy. In 2020-2021, women started 51% of new businesses, but the invasion has reduced that number to 29%.
Our Women Lead initiative aims to support women entrepreneurs and contribute to important global goals for sustainable development.