CNS News reported today that the new Women’s Entrepreneurship Trust Fund, announced by Secretary of State Hillary Clinton last month on a visit to Peru, is making an initial contribution of $900,000 to launch pilot programs here in Peru and in El Salvador, What??!!!
The article reports:
Clinton said the U.S. and Peru were working together as partners to support women in rural areas who “are replacing thousands of hectares of illegal coca fields with profitable crops, like chocolate and coffee and palm oil.”
Approximately $500,000 of the money will go to Peru. The program will go far beyond job training, Clinton said.
“With $500,000 in initial funding, we’ll focus on helping Peruvian women advocate for their own needs, mobilize broad national support for issues affecting them, particularly rural women.
Why is the American government doing this? What guarantee do we have that the money will go to the people who actually need it? Could this money be better spent to help American entrepreneurs and small business owners who are struggling under the Obama economy?