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Tell me -- a little bit more about this commitment and why it's so important.
Charlotte this commitment was actually two years in the making him -- as you heard from former Secretary Clinton it's huge and it really was made a commitment.
One point five billion dollars.
But in my mind actually -- so exciting about it is it really is about a market based solution.
It's about 25 corporations organization he had two ice yeah I would not come blue chips yelling while -- home ExxonMobil exactly.
Companies looking at their global supply chain guys you may know about.
Of small and medium enterprises around the world actually owned by women right now -- 37 or thirty cents he's like a big melanoma enterprises.
However only 1%.
To major multinational corporations and their global supply chains is coming from women businesses.
See you think about that huge gap and she's so I understand this so there are in the business is run by women out there they're just not play teamed up with the money makers -- the data corporation they're not have these global supply chain.
Well they need training and they need access and right now.
Corporations don't know in the global supply chains how many of the businesses they're buying from our women -- and they -- it's only about 1%.
You didn't worry about that -- They're starting to him I think because -- recognizing that really no country.
No corporation can move forward if half the populations left behind right of women and girls are not invested and we're not starting to help women to grow their businesses by getting them into -- supply chain.
Companies there are really going to be is a much bigger problem around the world than it is here in the US here in US 177.
Cents on the dollar that -- And that's not an improved for another 45 years that's terrible but I guarantee that's better than a lot of other countries.
At the same time.
Contributing reason for a high poverty rate and we had someone with PM Brookings Institution.
-- earlier this week say the reason our poverty rate is stuck it 15% because we have a lot of he now headed single income households so women working trying to make.
-- ends meet for -- found -- and it's difficult.
So your initiative would ultimately.
Bring down the poverty rate in years to come not just here in the US but around the world if that's something that you -- looking.
Absolutely and it's just to be clear it's not a grant in the amount of one point five billion dollars when it is.
Is its corporate spend on buying for women -- businesses over the next five years.
But in my own money that they really money and it got and quite frankly it's more sustainable than in grant.
My you invest the money and then it's gone but with their time -- Matt is dramatically.
Looking -- Measuring their global supply -- how many women and -- this is a part of it and when they see -- -- maybe 1% a look at really bringing this Kenya's recent examples of one -- supply chain working for now a major company at -- Coca-Cola replacing Linebrink and bringing in someone else can you just.
Yeah I well I can give me an example.
A woman who recently got connected with Wal-Mart have one -- things that woman initiated recently was something called Wal-Mart dot com a place where.
Women could sell their products and services -- begin to get into that supply chain.
There's a woman and dad Jennifer Lee who we have supported over and number of years she runs a company called -- -- collections and it's a high end home decor.
And and clothing design company.
And when we met her she had only fifteen.
Very small business and she really wanted to -- now and over the next three years from 2010 to 2013.
We really helped her to gain skills and training -- needed to grow her business helped her win.
Some of the strategic planning financial issues and connected her with -- network of her -- -- when things that we find is that women entrepreneurs are very much alone their work they're not connected with.
Partners and other and you -- -- -- them.
Sometimes I have fat I think it's also time I think that the networks that exists around the world are now don't dominate and and then it's intimidating for women who were just starting up.
And sometimes women are starting businesses out of necessity.
Right because they need to take care of their families and you know they just they simply don't have the time.
They don't see how it could benefit -- but once they get connected.
The benefits and how are you finding the businesses suppliers for -- companies and helping to -- people up or -- on our little -- a little about and our partner that we can act what they do they're nongovernmental nonprofit organization just like vital voices.
We teamed up with them to put this commitment to gather because what they do.
Unlike last we find and we train -- emerging women business leaders to see him grow their businesses.
And get connected to two major multinational corporations.
They certify women.
To be part of global supply chain so they work will -- on partners.
Help them to get themselves prepared and demystify that supply chain process and help get them connected with.
With the Wal-Mart dot -- the Coca-Cola Exxon Mobil's and many of those corporations were part of actually creating we can act.
With this understanding that same knew there weren't enough women -- suppliers and their supply chain of and real quickly ten seconds that ultimate goal for a trickle down effect would be why.
Well I mean you look around the world in places like the Asia Pacific and then they are losing 46.
Billion dollars a year because they're not investing in women as an economic force.
So you know this is a win win yet simple math.
And it's just about really investing in women in to improve our world at least nothing CEO of vital voices global partnership that was great thank you for bringing it to our attention and good luck thank everyone.
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