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Money making tips: Mums side hustle earns her 44,000 a year for two hours a week | Personal Finance | Finance [Video]

Single mum sets up ‘side hustles’ to combat cost of living crisis

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Grete Somermaa started her side hustle in March 2020 when her family had to close down their family-run restaurant following the pandemic. With two young children to provide for, Grete set up an online business selling digital downloads on Etsy, which has allowed her to stay at home in Estonia while earning an income.

Rewind Grete’s life two years and it’s a completely different story to the one she lives today.

The coronavirus pandemic had such a devastating effect on her family’s restaurant that they had no option but to close for good, leaving Grete with no income yet two small children to feed.

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Categories
Women in Business

Challenges for Women Opening and Running Businesses in Cambodia & Vietnam [Video]

Women entrepreneurs in Southeast Asia face many challenges in their daily business activities. The recent World Bank report "Enterprising Women" identifies gender gaps in entrepreneurship and factors associated with them. To better understand barriers to women’s micro, small, and medium enterprises, the East Asia and Pacific Gender Innovation Lab conducted qualitative research in Cambodia and Vietnam. This documentary shares stories of women business owners and highlights their challenges in accessing bank loans, complying with business formalities, and overcoming gender norms and stereotypes. Learn more: http://wrld.bg/oWvt50LPmAi00:00 Introduction00:31 Starting a Business02:30 Accessing Bank Loans04:20 Formalities: Business registration and taxes06:04 Stereotypes and social norms08:35 Female entrepreneurs are resilient and passionateABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org