FSSI Joins AU Gov’t, Macquarie Group Foundation in RISE Fund initiative to support women SMEs
Foundation for a Sustainable Society, Inc. (FSSI) Chaiperson Norman Joseph Jiao and Board Member and Corporate Secretary Christie Rowena “Tetay” Plantilla join the partnership launch of Investing in Women (IW), an initiative of the Australian Government, and the Macquarie Group Foundation for the Responsive Interventions Supporting (women) Entrepreneurs (RISE) Fund on November 17.
The RISE Fund is the Investing in Women’s response to the COVID-19 crisis to inject catalytic capital for women-led small and medium enterprises (SMEs) in the South East Asian region. With women disproportionately affected by the pandemic, the Fund aims to offset COVID-19’s impacts on women SMEs and provide much needed liquidity in a capital-constrained market.
FSSI, along with InBestCap Ventures (InBest), takes part in the project as one of its two local impact investor partners. “We are grateful for this partnership with Investing in Women and the Macquarie Group Foundation, and the opportunity to directly create impact where it is most needed. The RISE Fund will provide more avenues to assist women SMEs. Macquarie Group Foundation’s support highlights the important role of the private sector in helping local economies build back better,” said Ms. Plantilla during the launch.
The ceremonial signing was attended by His Excellency Steven J. Robinson AO, Australian Ambassador to the Philippines, Mr. Eric Yaptangco, Division Director, Manila Technology and Office Head of the Macquarie Group, with the representatives of FSSI and InBestCap Ventures.