We are looking to raise £25,000 for our Women's Loan Fund.
The Women’s Loan Fund was launched in September 2017 and provides funds to disadvantaged women with a viable business plan who want to launch a new business or need support to develop an existing one, but can’t access mainstream finance.
“The Women’s Loan Fund was created to empower women to turn their ideas into reality and unlock new opportunities for creating a better life for themselves, their families and ultimately, their communities.
We have a pipeline of inspiring, smart women that need a hand up to turn their lives around but can’t access funding from traditional sources even though the social impact of lending to women is far greater. With this crowdfunding campaign we want to encourage and support as many women as possible to achieve their full potential, become financially independent and valuable economic contributors to society through sustainable self-employment."
Duncan Parker, CEO at Fredericks Foundation
Why focus on women?
Although their numbers have increased, women are still under-represented in enterprise. Moreover, women often have responsibilities that make traditional employment difficult, especially if under zero-hours contracts. Many women are also carers for elderly, sick or disabled family members. For some of these women, self-employment represents the best or only opportunity to work.
- Women are underrepresented in the business community. Just 17% of business owners in the UK are women.
- Women are at least 14 times more likely to live in poverty and less likely to qualify for full time paid employment.
- Social impact of lending to women is far greater.
Why Fredericks Foundation?
Many traditional finance sources are unable to support lending for start-up businesses – particularly where the applicant has a poor credit history or little or no track record in running a business. The result is that those who need the funding most are the least able to access it. Fredericks is here to bridge that gap: to prevent start-ups falling through the net and into the hands of irresponsible lenders.
Fredericks Foundation have a track record in supporting women to start businesses of their own and in turn rebuild their confidence, self-esteem and improve their over-all quality of life.
- We have a pipeline of women who need our support.
- 20% of our loans are to single mothers.
- 42% of our loans to women are in migrant communities & ethnic minorities.
- 11% of our loans are to women with disabilities.
- We have experience with the target groups for the Women’s Loan Fund.
Why Support us?
"The Women's Loan Fund is such an incredible thing to support as it helps so many people and society as a whole benefits from women running businesses."
“I honestly don’t know what I’d have done without Freddies. They believed in me when when no one else would give me a chance.”
Pia - The Vanilla Pod Bakery
"Fredericks Foundation helped me get over my initial difficulties by believing in my dreams”
Tokunbo - Tokunbo's Kitchen
“Without the help and financial support that the Fredericks Foundation has given me I simply could not have gone into manufacturing and my product would have never seen the marketplace. I am now exporting 12 months later”
Danielle - OhMySkin
"I think that you should support the Fredericks Foundation, because they believed in me!"
Wendy - Furbabies Grooming
Proof that it works!
Here is Wendy's story of how with Fredericks support, she overcame her difficulties to run a successful pet grooming business...
Following a unfulfilling and challenging career in the Automotive Industry, Wendy moved abroad to try a new, more relaxing life. Here Wendy spent time working with animals and assisted with animal rescue, which she enjoyed immensely. However in 2016, after four years abroad, Wendy made the tough decision to return home for financial reasons.
After her experience, Wendy decided that she wanted to continue to work with dogs and decided to start her own business as a Mobile Dog Groomer. Wendy approached her bank but was turned down for a loan due to her time abroad, unemployment and that they saw no means for her to repay the loan.
Wendy was introduced to Fredericks Foundation by a Business Advisor and she applied for a loan for £10,000 to get her business up and running. Fredericks looked at Wendy’s application carefully, held a panel with her and agreed the loan. Wendy said,
“The process was simple and the website was easy to use. I had one meeting with my mentor and then the panel interview. I was nervous about the panel interview as the outcome would have a huge effect on me and my plan to start up a business.”
Wendy received the £10,000 loan and was able to pay off her training fees and purchase and fit out a van ready for her first pampered pooch. Wendy also used the loan to create a website and do some marketing.
Since the 2016, Furbabies Grooming has gone from strength to strength and Wendy now has a regular Client base which keeps her very busy. Wendy has ambitions to also open a grooming parlour, employ staff and hopefully one day enter the world of dog show competing!
We asked Wendy to sum up her experience of Fredericks Foundation, she said
“Fredericks Foundation gave me the financial support I needed to get my training completed, purchase a van and get going. Fredericks has helped me fulfil my ambition to stand on my own and run a business I am 100% wanting to do. Working with animals is a rewarding experience which will fulfil me spiritually and financially. Fredericks Foundation believed in me!”
Some BIG Thank you's
Many thanks to the following Fredericks Clients and supporters for helping us with our appeal, from giving your time, making our video or providing rewards:
Big Yellow Feet
Dans Le Noir
More about Fredericks Foundation
Fredericks is a Responsible Finance Provider that provides loans to people who want to set up a new business or maintain or expand an existing business. Fredericks is open to anyone who has a viable business proposition, but cannot obtain mainstream finance. Fredericks operates across England and Wales with a support team on hand to help and guide applicants all the way through the process. The support continues even after the applicant has been successful in the form of mentoring, practical business advice, networking and links within the local community that can help support and grow new and expanding businesses.