Maurice
Posted: February 4, 2022

Amount:

No Fixed Amount

Type of Program:

Loans


Description:

SheEO is a crowd-funded, crowd-supported ecosystem that provides interest-free loans to women-identifying and gender non-conforming entrepreneurs working towards sustainability goals. As the loans are paid back, the funds are re-invested in new ventures, creating a perpetual fund in each country.

Comments on Funding:

Funding takes the form of interest-free loans.

The 0%-interest loan has a five-year term for each Venture. Ventures pay back their loans in 20 equal installments over a five year period.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be majority owned (51%+) and majority led by a woman-identifying;
  • have generated between $50K – $2M in Canada, in recurring revenue, from customers, in the last 12 months;
  • be registered as a legal entity in the region for which they are applying;
  • be for-profits, not-for-profits or charities that generate revenue and can pay back a loan over 5 years.

SheEO Ventures are majority women-owned, women-led and represent a new mindset, new model or new solution for a better world.

Other Things to Note:

SheEO tracks Venture milestones and success annually and report those results out to the community. As the funds are paid back, the money gets reinvested into the fund and loaned out again to new Ventures.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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