First women’s fund loan issued

At the Kora Fund initial loan ceremony last week, from left: Teri Elbon, Jennifer Hawley, recipient Alma Abin, Ambassador Jeffrey Hsiao and his wife Jasmine, Velma Edwards, Patrick Chen and David Lin. Photo: Eve Burns.


The first ever recipient of a loan from the new Kora im an Kil Fund (Kora Fund) was recognized last Thursday.

The Kora Fund is a Taiwan funded small loan program to support women entrepreneurs in the Marshall Islands. The idea for the fund came from Taiwan President Tsai Ing-wen and President Hilda Heine in 2019 to help women start up businesses, and promote and support women’s talents, innovations and economic development.

Witnesses at the handover were Taiwan Ambassador Jeffrey Hsiao, his wife Jasmine, Patrick Chen, Monique Graham, Matiti Johnson, Velma Edwards, Teri Elbon and Jennifer Hawley.

Monique led the handover in a simple but elegant manner. The handover took place at new Marshall Islands Holdings Inc. and Misco offices at the former Midtown Shop location.

“You are the pioneers,” said Ambassador Jeffrey to Alma Abin, the recipient who has inaugurated the fund. “Our best wishes in your successful future.”

Jennifer on behalf of the Kora Fund board congratulated and wished Alma the best.

“This is a new chapter in the economy empowerment of women in the Marshall Islands,” the Ambassador added.

Alma expressed thanks for the opportunity that it has been given to Marshallese women. Alma works as a handicraft maker and she makes different handicrafts such as fans, decoration items, and necklaces. The loan will assist her with tools and materials to support her craft making activity.


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