Women entrepreneurs need support to sustain their businesses: FWEAN

Published On: August 11, 2024 03:55 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Aug 11: The Federation of Women Entrepreneurs Associations of Nepal (FWEAN) has emphasized the importance of all agencies taking active steps to support women entrepreneurs in making their businesses sustainable.

In its 21st year, the FWEAN organized a one-day Teej festival event for the first time, focusing on strategies to help women entrepreneurs sustain their businesses amidst the challenges posed by the COVID-19 pandemic and economic recession.

During the inauguration of the event on Saturday, Buddhist religious leader Syalpo Rimpoche highlighted the global need for peace and how women entrepreneurs can thrive by overcoming life's struggles. He stressed that peace is essential for success and well-being, both personally and professionally.

Yangkila Sherpa, a founding member of FWEAN and a member of the Bagmati Province Assembly, expressed her commitment to continue supporting women entrepreneurs. She reaffirmed her ongoing dedication to helping women in business.

Shova Gyawali, the president of FWEAN, noted that this one-day Teej festival marks a significant milestone in the Federation's history. She said that the event was organized to promote and encourage women-owned small and medium enterprises (SMEs) that are struggling due to the pandemic and economic downturn.

Gyawali said that there is a need for all sectors to contribute to boosting the morale of women entrepreneurs. She suggested that regular exhibitions, festivals, fairs, and marketing events are essential for enhancing business skills and sustaining the market during slow periods.

She further called on everyone to support local businesses, make the market viable, and promote and market products made by women entrepreneurs. Gyawali also encouraged participation in fairs and exhibitions to help uplift women entrepreneurs by purchasing their goods.

FWEAN's Executive Director Abhilasha Poudel shared that 35 stalls were set up during the one-day Teej festival, showcasing various festival-related items.