Business Wire

Moody’s Selects Partners for Reshape Tomorrow, Aiming to Help Small Businesses Thrive

Del

Moody’s Corporation (NYSE:MCO) today announced the selection of its inaugural list of partners for Reshape TomorrowTM, its innovative, global program to help owners of small and growing business overcome the challenges of expanding their enterprises.

Moody’s has selected a network of six partner organizations and programs, supported by grants from Moody’s Foundation, that focus on empowering entrepreneurs — especially women and members of untapped communities — by helping to provide the expertise and tools needed to navigate the credit process and thrive. Over 50 organizations from around the world applied to participate in the program, which is a key part of Moody’s global Corporate Social Responsibility (CSR) initiative.

“Moody’s is proud to partner with these innovative organizations as the core of Reshape Tomorrow. Together, we aim to empower owners of small and growing businesses with the knowledge, resources and confidence they need to create a better future,” said Arlene Isaacs-Lowe, Global Head of CSR at Moody’s. “We believe these programs can make a real impact on the lives of entrepreneurs seeking to build a more prosperous future for themselves and their communities.”

Each of the programs emphasize preparing small business owners to successfully access credit through better technology, tools and expertise. Moody’s support will include philanthropic grants as well as practical resources and skills-based volunteer participation by Moody’s employees around the world.

The following partners and programs were selected for Reshape Tomorrow:

  • Acumen – with support from Moody’s, Acumen will deliver “Acumen Post,” a global program of strategic and operational assistance for small business owners including coaching, finance, sales and technology support.
    “Acumen is excited to partner with Moody’s to provide our visionary social entrepreneurs with the support they need, as they scale their businesses to serve low-income consumers with goods and services that allow them to improve their lives and lift themselves out of poverty,” said Jacqueline Novogratz, Founder and CEO of Acumen.
  • The Asia Foundation – Moody’s will support “Accelerate Women’s Entrepreneurship: Supporting Migrant Women-Owned Businesses,” a Shanghai-based program helping migrant women grow their businesses through a tailored training program of coaching and networking.
    “We are honored to join with Moody’s in accelerating women’s entrepreneurship by supporting migrant women owned businesses in China with an intensive, 2 year program focused on providing them with upgraded skills and resources to grow their businesses--in particular, to access credit and capital--through financial and entrepreneurship education and skills training, networking, and business coaching,” said David D. Arnold, President and CEO, of The Asia Foundation.
  • Echoing Green – Moody’s support will enable the “Loan Readiness and Impact Funding Initiative,” a global program to improve social entrepreneurs’ ability to access credit while cultivating a community of early stage lenders committed to social impact.
    “We are thrilled to partner with Moody’s to create a program that will enable early-stage social entrepreneurs to access much-needed funding, in the form of loans, to grow their organizations and businesses,” says Cheryl L. Dorsey, president of Echoing Green, a nonprofit organization that supports emerging leaders who are launching organizations to change the world for the better. “Too often these entrepreneurs are locked out of the early capital they need to grow and increase their impact. The Loan Readiness and Impact Funding Initiative will build the foundation for Echoing Green Fellows to become ready and connected to debt-funding to help their organizations go further, faster.”
  • TechnoServe – Moody’s will support the “Smart Duka Initiative” in Kenya, helping a thousand retail shop owners to grow their businesses through training and coaching on sales, inventory management and technology, and “Working Capital Financing for Box Shop Entrepreneurs,” in South Africa, which will provide input finance to youth and women retail entrepreneurs within the Box Shop program.
    "Working with Moody's will help TechnoServe provide expanded training and support to thousands of entrepreneurs in Kenya and South Africa," said William Warshauer, President and CEO of TechnoServe. "These enterprises are critical for reducing unemployment and boosting local economies, and we look forward to expanding our impact through this new partnership."
  • WEConnect International – with Moody’s support, WEConnect International will launch the “Global Training Program for Women Entrepreneurs and Financial Institutions,” in Canada, Germany and Nigeria.
    “WEConnect International is proud to partner with Moody’s on this training program to help women business owners access capital and markets. We are thrilled that Moody’s has also joined our more than 80 corporate members, who are committed to building more inclusive global value chains and women’s economic empowerment,” said Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International.
  • Village Capital – through Moody’s partnership, Village Capital will deliver the “FinTech Incubator Program,” in Argentina, Brazil and Mexico City, a capacity building program to give entrepreneurs the tools to grow successful businesses, such as team management and financial planning.
    “We’re thrilled to welcome Moody’s into the family of partners working with Village Capital to support financial health entrepreneurs in Latin America," said Allie Burns, Managing Director, Village Capital.

Reshape Tomorrow is part of Moody’s efforts to open the door to a better future, through its recently launched global CSR program. The program focuses on four core areas: empowering people with financial knowledge, activating an environmentally sustainable future, helping young people reach their potential, and sharing our passion and purpose with the world.

Further information is available at http://moodys.com/csr.

About Moody’s Corporation

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at www.moodys.com.

Moody’s believes in a world where more people have access to opportunity, and where everyone has what they need to grow and thrive. We are committed to opening the door to a better future through our global corporate social responsibility programs empowering people around the world with the knowledge, resources and confidence they need to succeed. For more information visit moodys.com/csr.

Contact information

Moody’s Corporation
STEPHEN MAIRE, +1 212-553-7424
Global Head of Investor Relations and Communications
stephen.maire@moodys.com
or
MICHAEL ADLER, +1 212-553-4667
Senior Vice President
Corporate Communications
michael.adler@moodys.com
or
LARA JOSEPH, +44 207-772-1026
Assistant Vice President
Corporate Communications
lara.joseph@moodys.com
or
HECTOR LIM, +61 282-708-141
Senior Vice President
Corporate Communications
hector.lim@moodys.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Bearingpoint Acquires Inpuls, a Leading Data Specialist in Belgium14.11.2018 09:20Pressemelding

Management and technology consultancy BearingPoint has made a strategic move in the Belgian consulting market by acquiring Inpuls, a leading data specialist. The acquisition contributes to BearingPoint’s overall growth objectives, strengthens its presence in Belgium, and enhances its data capabilities. “The acquisition of Inpuls pays into two core elements of our corporate strategy: we enrich our portfolio focused on digitalization, regulation, and analytics; we concentrate on European clients, enabling them to become global leaders. Against this background this acquisition doubles our size in Belgium, and just as important, our clients now have Inpuls’s data expertise. We believe data is at the heart of digital transformation and creates value propositions and competitive advantages for our clients,” said Kiumars Hamidian, Managing Partner of BearingPoint. Founded in 2014, Inpuls is a Belgian consultancy specialized in data strategy, data governance, privacy, Big Data, and analytics.

GSMA Announces New Developments for MWC19 Barcelona14.11.2018 09:00Pressemelding

The GSMA today announced further details for MWC19 Barcelona (formerly Mobile World Congress), including additional keynote speakers, participating companies, programmes and events. Taking place 25-28 February 2019, with events being staged at Fira Gran Via, Fira Montjuïc and La Farga L’Hospitalet, MWC19 Barcelona is set to attract more than 107,000 professionals from over 200 countries and territories. “We have an amazing show lined up for February, with more than 2,400 companies participating across the exhibition, four days of conference programming and so many other events and activities taking place at MWC19,” said Michael O’Hara, Chief Marketing Officer, GSMA. “With in-depth examination of topics such as 5G, artificial intelligence, Internet of Things, content, security and many others, MWC Barcelona, now more than ever, is the “must-attend” industry event.” Execs from ARM, Huawei, KT and Orange Confirmed for Keynotes The GSMA announced several newly confirmed keynote speakers fo

Exclusive Group and Arcitura Education Team Up for Channel Partners to Profit from Cloud Skills Gap14.11.2018 08:00Pressemelding

Exclusive Group, the value-added services and technologies (VAST) group, today announced an agreement to become the only global provider of Arcitura Education’s renowned, vendor-neutral Cloud Certified Professional (CCP) accreditation programme. The move underlines the unique value of Exclusive Group’s ‘Cloud Competency Centre’ and will enable thousands more channel partners to develop the skills necessary to meet evolving customer challenges around cloud transformation and convert significant additional revenues. “Channel partners can’t afford to lose their market edge through a lack of cloud competency – they need new skills to complement their experience and technology knowledge so that customers carry on seeing them as relevant to their future,” said Andre Dieball, Global Director, Services at Exclusive Group. “70-80% of enterprises are experiencing cloud skills crises that risk crucial transformation projects going over time and over budget. These projects, collectively worth bill

Kenetic Bucks Crypto Market Trend with YTD 77% Returns in Investment Portfolio14.11.2018 07:37Pressemelding

Kenetic, a blockchain investment and advisory firm based in Hong Kong, has revealed that its proprietary investment portfolio has recorded year-to-date returns of 77 percent as of October 31, 2018, against a backdrop of major losses in the cryptocurrency market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113006323/en/ After hitting its record high in December 2017, Bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%. Kenetic’s proprietary investment portfolio is comprised of its best ideas that have undergone thorough due diligence by its experienced investment team. Its alpha-generating strategies are largely focused on early stage investments, catalyst driven events and macro themes, complemented by prudent risk management and proprietary in-house trading tools. “As active leaders in the global blockchain community, we see where the strongest investment opportunities lie and r

Smiths Detection State-of-the-Art Checkpoint Lanes Chosen for Israeli Airports14.11.2018 07:30Pressemelding

Smiths Detection and its local distributor, Eastronics, have been selected by the Israel Airport Authority (IAA) to supply 32 advanced checkpoint lanes for Ben Gurion Airport and the new Ramon International Airport, which is due to open in 2019. These latest, highly functional lane designs from Smiths Detection incorporate automated tray return and diversion and were developed to improve operational efficiency and passenger experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005810/en/ “Automation plays a key role in streamlining screening by literally keeping things moving and the result is increased throughput, lower per capita costs and a passenger friendly process,” explained Tony Tielen, Vice President EMEA, at Smiths Detection. “With the help of Eastronics, we were delighted to be able to meet IAA’s stringent requirements for this extensive project, which could have a significant impact on maintaining flow

CHTF 2018 Opens, Gathering Global Enterprises and Entrepreneurs14.11.2018 06:00Pressemelding

The 20th China Hi-Tech Fair (CHTF 2018) kicked off at the Shenzhen Convention and Exhibition Center on November 14, 2018. By showcasing cutting-edge high-tech products and technologies of enterprises and institutions from around the world, CHTF 2018 remained a trend setter in the high-tech industry. A large number of technology companies have emerged from CHTF in the past two decades. In its 20th year, CHTF 2018 attracted the world's top experts and scholars, and gathered multinational corporations, Fortune 500 companies and unicorn enterprises to showcase the latest technical developments. Chinese giants included China Mobile, China Unicom, China Telecom, China Electronics, CRRC; multinational companies included Suez, Foxconn, Ricoh, Baidu, Tsinghua Tongfang, TCL, Sogou, BOE; unicorn enterprises included SenseTime, iQiyi, Royale, Orbbec, Qiniu Cloud, BITMAIN, etc. In addition, three leading AI chip companies, namely Cambrian, Horizon Robotics and Deephi Tech, were also involved. The C