[Cebu City] May 06, 2022— Carmina Bayombong, CEO and Co-Founder of student loan company InvestEd, is honored by the 2022 Cartier Women’s Initiative Impact Awards for helping the underprivileged Filipino youths in continuing their education.
Bayombong, the 2019 Cartier Women’s Initiative South Asia and Oceania Laureate, was awarded second runner-up in the Creating Opportunities category of this year’s Impact Awards in Dubai.
Bayombong’s Makati educational loan program gives low-income Filipino students access to quality education and improved possibilities. They also link worthy students with investors who are prepared to pay for or support their post-secondary education.
According to Bayombong, “higher education is such a powerful tool for success—but not everyone has access to it.”
However, that’s where InvestEd comes in, which “uses its landmark invention, a data-driven success model, to predict and mitigate a young person’s life risks. In addition to traditional factors, InvestEd considers elements such as the likelihood of teen pregnancy, barriers to quick post-graduation employment, and impediments to salary negotiation such as low self-worth… The company assigns a success coach to help the student address risk factors, mitigating exposures traditionally associated with student lending.”
Carmina Bayombong said this “intervention” is what makes the difference.
“That intervention, financial resources support plus emotional and coaching support is so powerful in lifting and empowering… families out of poverty,” she said during the awarding event in early March.
Cécile Naour, CEO of Cartier Southeast Asia & Oceania, stated that the company would continue to promote women and provide them with possibilities to help and accomplish more, particularly through organizations like Bayombong’s.
“We are here — you, me, everyone here around the tables — to support these women, to connect them, and to give them visibility,” Naour shared.
“We will continue to connect women entrepreneurs to the right people, the right organizations… support their journey and be part of a global community of positive change,” she assured.
The Cartier Women’s Initiative is an annual international entrepreneurship program that aims to drive change by empowering women to impact entrepreneurs. Founded in 2006, the program is open to women-run and women-owned businesses from any country and sector that aim to have a strong and sustainable social and/or environmental impact.