Tongan women get WISE
World Bank outfit International Finance Corporation’s 2010 report on Gender and Investment Climate Reform in Tonga showed only 16 percent of the female population operated a registered business or participate in paid work.<!--more-->
Many women also operate informal businesses and are unaware of the benefits of running a registered business. They also lack information on the processes needed to register, the report found.
IFC has helped form a businesswomen’s association in Tonga, The Women in Sustainable Enterprises (WISE) association, to connect businesswomen across all industries in Tonga and provide them with a platform to lobby for reforms that will help encourage women to set up businesses, create jobs, support their families, and foster sustainable economic growth across communities and the country, according to an IFC news release.
One of WISE's key objectives is to promote the benefit of registering a business, such as better access to credit, more legal protection, and stronger local government support.
WISE has begun with 166 members. The President is Robina Nakao.