Somali Businesswomen Band Together

[Leila2007]

Courtesy of Twisted Logic

http://ap.google.com/article/ALeqM5gQLx ... wD8VPB6QO2

[gedo_gurl]

Cool, they put their hagbad/ayuuto money together to buy a mall?? Thats way better than some stupid wedding or fadhi carbeed

[Executive]

Cool, they put their hagbad/ayuuto money together to buy a mall??

Are we reading the same article??



Mashallah to those ladies, A lot of Somali women are doing well in business

[gedo_gurl]

I dont know, does yours say this:

"But by pooling their money in a collective model used in Somalia, several of these shopkeepers are on the road to opening a cooperative department store"

?

[Executive]

It doesn't say they are buying a mall, It says they are opening a store.


"Plans are to rent space in an undisclosed Minneapolis building by this summer"


Buying a mall is not that cheap

[Madd_Scientist_]

It'll all just go horribly wrong like it always does when it comes to mali women and shops.......Mark my words..

[surrender]

It doesn't say they are buying a mall, It says they are opening a store.

its says they renting a mall together. thats good. maasha'allah to them at least they better than some

[Twisted_Logic]

It doesn't say they are buying a mall, It says they are opening a store.


"Plans are to rent space in an undisclosed Minneapolis building by this summer"


Buying a mall is not that cheap

They are buying a new mall. Two companies will donate 20,000 USD each and 50 Somali women will contribute 5000 USD each.

[Executive]

They are buying a new mall. Two companies will donate 20,000 USD each and 50 Somali women will contribute 5000 USD each.

I doubt you could buy a house for $290,000 in the states let alone buying a building and developing it into a mall.

They are renting space not buying it

[SahanGalbeed]

way 2 go , somali women

[1nkaarQabe]

Nothing impressive.

[Twisted_Logic]

They are buying a new mall. Two companies will donate 20,000 USD each and 50 Somali women will contribute 5000 USD each.

I doubt you could buy a house for $290,000 in the states let alone buying a building and developing it into a mall.

They are renting space not buying it

Read again my friend

A promising idea is beginning to take shape after two years of planning: 21 women have pledged $500 apiece, and two business groups have each provided $20,000 for the development of a 10,000- to 15,000-square-foot mall of shops. Plans are to rent space in an undisclosed Minneapolis building by this summer, with perhaps 50 women eventually investing $5,000 apiece.

For Somali women, however, greater success has been out of reach. Many of the women who are investing in the mall can't read or write, though they are whizzes with numbers because they're already running their own shops. Moreover, their project appears to merge Western business practices with a shared model used back home.

[Twisted_Logic]

Nothing impressive.

All round impressive! It shows if we work together we can accomplish much

[Executive]

A promising idea is beginning to take shape after two years of planning: 21 women have pledged $500 apiece, and two business groups have each provided $20,000 for the development of a 10,000- to 15,000-square-foot mall of shops. Plans are to rent space in an undisclosed Minneapolis building by this summer, with perhaps 50 women eventually investing $5,000 apiece.

Twisted_Logic

Well spotted

I thought surrender the only one who understood the article. They are doing well but $290,000 is not enough, probably the money they are going to use to refurbished the building they will rent in order to accommodate all the shops.

[Twisted_Logic]

A promising idea is beginning to take shape after two years of planning: 21 women have pledged $500 apiece, and two business groups have each provided $20,000 for the development of a 10,000- to 15,000-square-foot mall of shops. Plans are to rent space in an undisclosed Minneapolis building by this summer, with perhaps 50 women eventually investing $5,000 apiece.

Twisted_Logic

Well spotted

I thought surrender the only one who understood the article. They are doing well but $290,000 is not enough, probably the money they are going to use to refurbished the building they will rent in order to accommodate all the shops.

I think that could be a down-payment?