We are so excited to announce the Loose Woman's Sanctuary latest project!
First, did you know that there is a 90% Wealth gap amongst Black American Women? Only 5% of Black Women are entrepreneurs and White men are 24 times more likely to own their own business than Black women. Only 20% of Black businesses receive funding and at higher interest rates, than whites. According to the Federal Reserve, 80.2% of white business owners receive the funding that they request from a bank, compared to 66.4% of BIPOC (Black, indigenous, or person of color) business owners. Yet, Black Women continue to be the Most Educated group in America! and an astounding 17% of Black Women are currently starting new businesses! That is compared to 10% of White Women and 15% of White Men. So, Black Women are Skilled, Educated and highly motivated in the area of entrepreneurship but are not given equal opportunity to succeed.
Well, here at the Loose Woman's Sanctuary we have developed a plan to not only increase our chances of obtaining funding for Black Women Entrepreneurs but to create generational wealth.
I am so excited to announce the Loose Woman's Sanctuary latest project!
(Drum roll Please)
We have entered the METAVERSE! Web 3.0! We have created 10,000 NFTs (Non-Fungible Tokens) to generate economic opportunity for all of The Loose Woman's Sanctuary Members and Founders. And it doesn't stop there! We will be hosting exclusive educational Web 3.0 Workshops on what the Metaverse has to offer, how our businesses can profit within it, and what these New NFTs will give to us.
I hope you are ready! and I hope you are just excited as we are! This is an historical moment and monumental for the future of The Loose Woman's Sanctuary and Black Women in Business.