Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 9:57 am
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Somali Businesswomen Band Together
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Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:02 am
Cool, they put their hagbad/ayuuto money together to buy a mall?? Thats way better than some stupid wedding or fadhi carbeed
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:08 am
gedo_gurl wrote: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
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:09 am
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"
?
"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"
?
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:12 am
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
"Plans are to rent space in an undisclosed Minneapolis building by this summer"
Buying a mall is not that cheap
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:13 am
It'll all just go horribly wrong like it always does when it comes to mali women and shops.......Mark my words..
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 10:21 am
its says they renting a mall together. thats good. maasha'allah to them at least they better than someExecutive wrote:It doesn't say they are buying a mall, It says they are opening a store.
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:22 pm
They are buying a new mall. Two companies will donate 20,000 USD each and 50 Somali women will contribute 5000 USD each.Executive wrote: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
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:38 pm
Twisted_Logic wrote:
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
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:41 pm
way 2 go , somali women 
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:43 pm
Nothing impressive.
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:46 pm
Executive wrote:Twisted_Logic wrote:
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.
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 12:47 pm
All round impressive! It shows if we work together we can accomplish much1nkaarQabe wrote:Nothing impressive.
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 1:05 pm
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.
Re: Somali Businesswomen Band Together
Posted: Wed Apr 02, 2008 1:22 pm
I think that could be a down-payment?Executive wrote: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.