Fredericks Foundation have received the honour of being awarded the Citi Microentrepreneurship Award 2019 for Resilience in helping people who struggle to find access to funding.
Launched in 2013 in the UK, the Citi Microentrepreneurship Awards were established by the Citi Foundation to recognise best-in-class microentrepreneurs and celebrate the responsible finance sector and their contribution to national economies. The 2019 awards were delivered by a partnership between Responsible Finance and the Citi Foundation.
This award recognises a successful responsible finance provider which has shown resilience and consistency in its delivery of access to finance, especially to groups that often struggle to access finance such as women and those from black and minority ethnic backgrounds.
It celebrates organisations which have shown determination in overcoming difficulties, which have delivered on their targets in changing or challenging market conditions, or which have adapted to survive or grow but stayed focused on their mission.
This Award also celebrates the performance of Responsible Finance providers against up to 6 of the The UN Sustainable Development Goals: Goal 1, No poverty; Goal 3, Good Health and Well-being; Goal 5, Gender Equality; Goal 8, Decent Work and Economic Growth; Goal 10, Reduced Inequalities; Goal 11, Sustainable Cities and Communities.
Fredericks were delighted to receive this award and the prize fund of £20,000, which will go a long way to help us continue our work and help others succeed.