Mimi Women seeks R10m to build SA plant to make affordable sanitary pads
South African sanitary towel company, Mimi Women, is looking to raise R10m to build a manufacturing plant to produce affordable sanitary pads. Last Wednesday, it launched the Mimi Agents for Change campaign to coincide with International Women’s Day. The first tranche of shares was sold to Wendy Luhabe, the founder of Women Private Equity Fund, for R100,000. Mimi Women CEO Ramona Kasavan said in a statement: "Many of the successful women entrepreneurs we will be approaching already contribute large amounts of money through various charities to this end, but this activity is fragmented. This [campaign] will enable us to bypass the inevitable delays of waiting for development finance institutions for funding, who may spend months studying the project and would not have the same urgency that women would for this issue." The company currently imports the material for the pads, which are then assembled by a local producer. The campaign also launched a business initiative for women. The "...
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