YWCA Tulsa is excited to formally announce the Carmela Hill Legacy Fund. This micro-loan program will provide start-up funding to women entrepreneurs in Tulsa who are experiencing economic barriers. “The National Association of Women Business Owners, reports that one of the biggest challenges for women-owned businesses is accessing capital or start-up funds. Women business owners still face greater obstacles in obtaining financing for their businesses than men do. The disparities are even greater for women of color.”
Carmela Hill is a longstanding fierce champion and advocate for investing in women in the Tulsa Community. Carmela has dedicated both her personal and professional life to investing in and empowering women.
“ I am humbled to be honored in this way, to have a fund named in my honor. This is my why– my inspiration. I have spent my life helping other women’s lives to be better. This is what feeds me. Serving and supporting organizations like YWCA that lift up women. As a single-mom raising kids, and as an entrepreneur, I want to see other women, succeed. I want to give them hope and resilience, I want to give them an opportunity to provide a service, or meet a need that they see in their community. We all want to live out our whys and this is mine – to see other women succeed and be able to provide for their families.” – Carmela Hill
To honor her legacy, as an entrepreneur and change maker, YWCA Tulsa is creating a Fund that will provide opportunities for women entrepreneurs seeking to launch a new business idea or take their small business to the next level. In the first year of the program the YWCA Tulsa will serve ten women.
The Goal of the Fund
Our loan program will provide funding to women to who:
- Have poor or no credit history
- Are seeking a loan too small for a bank to consider
- Have no cash or other sources of equity
- Do not want to accrue credit card debt