Black Women in Business
Entrepreneur Strives To Open South Africa’s First Black Woman-Owned Bank
“You can’t talk economic freedom if you do not have a financial institution — you need a bank that will support Black entrepreneurs,” says entrepreneur Nthabeleng Likotsi.
A South African entrepreneur is aiming to break barriers in the finance industry by opening up the country’s first Black woman-owned bank, the Huffington Post reported.
HALALA | "My family played a huge role in terms of business and the person that I am, particularly because my parents are leaders in their own right," said @MissNthabeleng .https://t.co/KHvKhAdGc6
— HuffPost SouthAfrica (@HuffPostSA) June 16, 2018
Nthabeleng Likotsi—the woman behind the Young Women in Business Network (YMBN) which aims to empower women of color business owners—recently filed paperwork to open up a bank, the news outlet writes.
The 33-year-old who hails from Botshabelo, Free State, has always had a passion for entrepreneurship and it runs in her family. Her parents own a school uniform factory that has been in business for decades and they also own several shops throughout Free State. “My family played a huge role in terms of business and the person that I am, particularly because my parents are leaders in their own right, so I saw how to work with people, how they gave themselves to the community, so for me, that comes [naturally],” Likotsi told the Huffington Post.
Just as her parents inspired her, she hopes to do the same for women in her community through the creation of a financial institution called Young Women in Business Network (YMBN) Mutual. Through the bank, she hopes to provide loans for small …
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