MANILA, PHILIPPINES — Pushing to fund more women and achieving gender equality will actually lead to more economic gains for businesses, companies, and even countries, says Ignite Impact Fund founder Maoi Arroyo.
Speaking in the online event “Striking Stereotypes: the Rise of Women Leadership” presented by the American Chamber of Commerce last October 27, the serial entrepreneur and impact investor stressed the need to achieve gender equality in the workplace not just in the Philippines, but all around the world.
“The open secret is that the Philippines is not actually gender equal. Gender equality is more than pay and inclusion, and it is still really bad in rural areas,” said Arroyo in her presentation. “We really need more people to invest in women and in the investment philosophy of women, because you’re going to make money.
“Gender equality actually translates to money. You would actually have a GDP increase if gender equality was achieved—you’d have a two percent increase in the UK, a nine percent increase in Japan, a 27 percent increase in India, and a $5.3-trillion dollar increase all around the globe. It’s about time we have more of a say.”
Citing that the world is currently seeing a major transfer of wealth to women and millennials, Arroyo further pushes for more impact investing from corporations and high-net worth individuals to help people and the planet.
Women also need to be given bigger influence in the field of investing, as data from Bloomberg has found that only 14% of the 25,000 fund managers around the world are women, managing less than 1% of the world’s assets.
This is why Arroyo and her partners founded Ignite, which seeks to combine profit with a purpose by making investors money while also contributing positively to the world. Ignite invests in impactful startups with the help of over 30 years of mentoring and managing local enterprises, eventually aiming to lift Filipinos up from extreme poverty.
Companies that Ignite has already invested in include Quicksilver Satcom Ventures, which provides satellite-based internet connectivity to underserved and unserved areas in the Philippines; Plentina, a credit app that gives the unbanked access to credit they can use in stores and merchants; and BioPrime, a natural fertilizer and soil conditioner that accelerates plant growth yield and increases farmers’ income. In addition to this, Ignite is also currently in the process of investing and developing more startups around the Philippines.
With Ignite’s passion and drive, it’s entirely possible to see the Philippines and the world become a better place for women and underprivileged communities.
For more information on Ignite Impact Fund, follow their official Facebook page and visit their website.
