From the CEO of a private equity firm to the founder of a cosmetics company, here are five women entrepreneurs from the Philippines making gender equality a reality
If women and men around the world participated equally as entrepreneurs, global GDP would rise up to six percent, boosting the global economy by up to US$5 trillion, according to Boston Consulting Group.
Which raises the question: how can we further support entrepreneurial women? The answer: by continuing to improve women’s access to credit, providing training for women to build new skills and giving women better access to professional and social networks.
Some countries, however, including the Philippines, are already making major strides towards gender parity in entrepreneurship. In 2016, the Philippines—alongside Mexico, Vietnam and Indonesia—had more women than men launching new businesses. In 2018 the country was classed as the ninth best globally for female entrepreneurs, and in 2019 it scored 81.25, well above the average of 74.71, in the World Bank’s Women, Business and the Law Index.
From the CEO of a private equity firm to the founder of a cosmetics company, here are five women entrepreneurs from the Philippines making gender equality a reality.
Mica Tan
At 19 years old, Mica Tan decided she was going to start her own business. Fast forward eight years and Tan, now 27, has done exactly that: she co-founded a private equity firm, MFT Group, of which she is the CEO, that operates in nine countries and 18 cities worldwide, and has assets of more than US$61 million. Tan was also won the Most Influential Filipina Award from the Filipina Women’s Network in 2019.
See also: I Am Generation T: Mica Tan
