ANUAL IMPACT REPORT 2020 VICTORIA147

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ANUAL IMPACT REPORT 2020 VICTORIA147
Anual Impact Report
2020 Victoria147
ANUAL IMPACT REPORT 2020 VICTORIA147
REPORTE ANUAL DE IMPACTO 2021 | Victoria147   sección   3

Elaboration:
Samantha Rivera
Úrsula Quijano

Peer review committee:
Alexia Morales
Alma Rosa Jiménez
Ana Cecilia Pérez Cristo
Andrea Gutiérrez

Translation:
Samantha Rivera

Edition:
Samantha Rivera

Design:
Gabriela Pacheco

July, 2021
ANUAL IMPACT REPORT 2020 VICTORIA147
ANUAL IMPACT REPORT 2020 | Victoria147                  5

CONT ENT

pg.

06    Words from Ana Victoria

08    2020 at a glance

10    Our model and information sources

12

14
      Victoria147’s women entrepreneurs

      About their businesses
                                                                                                          WE
16

17
      Financing as an engine of growth

      The achievements of our women entrepreneurs
                                                                                                          BELIEVE
18

20
      Women entrepreneurs and their business facing COVID-19

      Efforts towards gender equality, diversity and inclusion
                                                                                                          IN THE POWER
21

23
      Our value

      Strategic alliances and the VictoriaFest Digital 2020
                                                                                                          OF WOMEN
25

34
      Victories that inspire

      Our Fellows
                                                                                                          DOING
36

46
      Directory of Fellows

      Annex
                                                                                                          BUSINESS.
49    Bibliography
ANUAL IMPACT REPORT 2020 VICTORIA147
ANUAL IMPACT REPORT 2020 | Victoria147   words from Ana Victoria                                                                        7

                                                                                                              Globally, 7 out of 10 working women who have experienced negative changes
                                                                                                              in their routine due to the pandemic consider that the situation has affected
                                                                                                              their professional growth; this is because of an imbalance between work
                                                                                                              and their private life patterns, coupled with new daily care and household
                                                                                                              responsibilities5.

                                                                                                              This situation forced all of us to reinvent our way of thinking and acting
                                                                                                              in order to face adversity. Proof of this is that about 1.8 million SMEs in
                                                                                                              Mexico (86.6% of the total in the country) had a digital transformation in their
                                                                                                              business models, while 6 out of 10 SMEs in the country adopted online sales6.

                                                                        Ana Victoria
                                                                                                              Even in the face of all challenges, in Victoria147 and in all women-led
                                                                        García
                                                                                                              businesses, the pandemic brought us the opportunity to reinvent ourselves
                                                                                                              and support each other.

                                                                                                              We strongly believe in the power of training and community building to
                                                                                                              transform women-led businesses. The specialized courses and business
                                                                                                              training programs we offer, as well as our partnerships, campaigns and our
                                                                                                              flagship event, inspire strong, empathetic, curious, determined and analytical
                                                                                                              women leaders to overcome any situation.

WORDS FROM ANA VICTORIA                                                                                       As the first and largest Academy of women entrepreneurs and business
                                                                                                              women in Mexico, we are confident that our efforts will continue to
Aware of the negative impact left by the COVID-19 pandemic, more than                                         transcend and transform present and future generations of women leaders
ever, we reinforce our mission to transform the traditional economy by                                        and their positioning in business in Mexico and the rest of Latin America.
mainstreaming the gender perspective in every aspect of it.
                                                                                                              To those who believe in Victoria147, thank you!
There is no doubt that 2020 was an unprecedented year. Globally,
businesses have suffered economic difficulties in the aftermath of
COVID-191; and the Micro, Small and Medium-sized Enterprises (MSMEs)
have been the most affected. Only in Mexico, more than one million MSMEs
disappeared compared to 20192, and 87% of businesses were affected by
the pandemic3.

In addition, the effect of the pandemic has been disproportionately
stronger on women. About 11% of women-led SMEs in the food, service,
retail and entertainment industries were more likely to close than those                                                                  Ana Victoria García
led by men4.                                                                                                                        Head and Founder of Victoria147
ANUAL IMPACT REPORT 2020 VICTORIA147
ANUAL IMPACT REPORT 2020 | Victoria147   2020 at a glance                                                                           9

                                                     2020 AT A GLANCE
                                                                                                                                                 In a historic year for us, we established

                                                                                                                                                 22 strategic alliances
WE EMPOWERED OUR COMMUNITY                                                                                 In our virtual group programs,
                                                                                                           we opened 10 groups of which
                                                                                                                                                 with companies such as: Facebook, BBVA, Grupo
                                                                                                                                                 Herdez/Nutrisa, Diageo/Buchanan’s, Crédito

BY INTEGRATING 2,522 NEW WOMEN                                                                             4 were focused on our business
                                                                                                           development stage of Landing, 5
                                                                                                                                                 Real, CEMEX, Oracle, Bayer, Kickstarter, Porter
                                                                                                                                                 Novellis, Banana Republic, Zoé Water, BoConcept,

ENTREPRENEURS WHO ARE TAKING OUR                                                                           on Build Up and 1 on Projection7.     SAP, Clinique/Bobbi Brown, Kit Kat, Lush, Euro
                                                                                                                                                 Té, Alhumo Sacred Smokes, Dulce Alma, Innata,
                                                                                                                                                 Barro Blanco, through which we seek to provide
PROGRAMS, THIS IS THE EQUIVALENT TO                                                                                                              greater knowledge, tools and opportunities for
                                                                                                                                                 women entrepreneurs from Mexico and the rest
AN AVERAGE OF 7 APPLICATIONS PER DAY,                                                                                                            of Latin America.

CONSOLIDATING A NETWORK OF MORE THAN
15,000 WOMEN ENTREPRENEURS.                                                                                More and more people are getting to know Victoria147. In 2020 we had a 23% increase in
                                                                                                           popularity in our social media, going from 139,879 to 171,941 followers, and we appeared
                                                                                                           in 91 articles related to entrepreneurship, gender equality, business, innovation and
                                                                                                           leadership, among others.

89%                                                       Before the pandemic, 4 out of

of these new women entrepreneurs took
                                                          10 women entrepreneurs sold
                                                          through a website or another
                                                                                                           For the first time, we held our
specialized programs based on their
knowledge needs and 11% of them took
                                                          online store. Today, about 6 out
                                                          of 10 entrepreneurs currently
                                                                                                           flagship event, VictoriaFest,
                                                                                                           in a digital format, where we
comprehensive training programs based on                  do so, which represents an
the stage their business is at.                           increase of 50%.

                                                                                                           had the participation of 6,740
                                                                                                           people and 14,968 visits to
We provided 2,446 hours of training
                                                                                                           our platform.
in group courses, live sessions and specialized programs, equivalent to 6.7 hours per
day on average.
ANUAL IMPACT REPORT 2020 VICTORIA147
ANUAL IMPACT REPORT 2020 | Victoria147   our model and information sources                                                               11

   OUR MODEL AND INFORMATION SOURCES

   At Victoria147 we are aware that women entrepreneurs and their
   businesses have different needs. For this reason, we have different programs
   (comprehensive, specialized and live) that are adapted to each of the stages of
   their businesses (Figure 1).

     ADVANCED STAGES

                                                                                                     EXPANSION
                                                                                                     Creation of an
                                                                                                     advisory board
                                                                                                     for the strategic
                                                                                                     institutionalization
                                                                                                     of the business.

                                                                            CONSOLIDATION
                                                                            Strengthening
                                                                            the company’s
                                                                            foundations for
                                                                            strategic growth.

        EARLY STAGES

                                                  PROJECTION
                                                  Creation of
                                                  a long-term
                                                  growth plan for
                                                  the management
                         BUILD UP                 and execution of
                         Strengthening            the business.
                         the operational
                         and financial                                                                                                 In order to measure the impact of Victoria147 on women-led businesses,
                         structure of the                                                                                              we use different sources of information:
                         business to reach
LANDING                  the next growth
Landing of a pilot       level.
test to validate
the operation
                                                                                                                                                                                The pre-post Academy survey, answered by
of their future
businesses.                                                                                                                 Victoria147’s historical database                   214 women in 2020, given at the beginning
                                                                                                                            made up of 737 women                                and at the end of their training program.
                                                                                                                            entrepreneurs.

WOMEN IN BUSINESS Tools to enhance personal and professional development.
SPECIALIZED COURSES Tools and practical techniques to strengthen entrepreneurial, professional and personal skills.                                A survey on the impact of COVID-19 on women-led businesses in Mexico,
LIVE COURSES Comprehensive live support.                                                                                                           applied to 76 woman in March 2021.
ANUAL IMPACT REPORT 2020 | Victoria147   Victoria147´s women entrepreneurs                                   13

                                 96%
VICTORIA147’S
WOMEN
ENTREPRENEURS
                                 of the entrepreneurs have a bachelor’s degree and 1                                Thanks to our online academy, we
                                 out of 3 has a master’s degree. (n=737)
                                                                                                                    have expanded to countries such as:
Our entrepreneurs are,
on average,

37                                                 58%
                                                   are married and have,                                                  Canada
years old.                                         on average, 1 child. (n=737)

The youngest entrepreneur
is 24 years old and the oldest   Our women entrepreneurs are experts in the
is 76 years old. (n=737)         following areas of study: (n=464)

                                      Social sciences,
                                      administration and law       56.5%                                  the
More and more,
women entrepreneurs                                                                                      United                                 Spain
                                      Engineering, manufacturing
                                                                                                         States
are enrolling in our online           and construction 19%
programs: (n=735)
                                                                                                          Guatemala                           Jamaica
                                      Arts and humanities             16.8%
                                                                                                                  Panama                            Colombia
                                                                                                                                                                  Malaysia
                                                                                                                     Peru
                                      Health     2.8%                                                                                                   Bolivia

                                      Natural, exact and
                                      computer sciences        2.2%

                                      Services     1.3%

                                                                                                                                        Argentina
                                      Education     1.1%
68%                     32%
(498)                  (237)
online.                               Agriculture       0.2%
                        take
                the program
                 through our          Other      0.2%
            on-site modality.
ANUAL IMPACT REPORT 2020 | Victoria147   about their businesses                                                                       15

                                                              Women entrepreneurs                      The entrepreneurs                    They are in the following
                                                              who sell nationally do                   who sell internationally             industries: (n=590)
                                                              so in an average of                      do so in an average
       ABOUT THEIR BUSINESSES
                                                                                                       of 13 countries, such
                                                              9 states.
                                                                                                       as the United States,
                                                                                                       Spain, Italy, the United
                                                                                                       Kingdom, Colombia,
                                                                                                       Argentina, Ecuador,
                                                                                                       Guatemala, Bolivia, Peru,
Our women entrepreneurs:(n=734)                                                                        Costa Rica, Canada and
                                                                                                       Denmark.

  41%
  Look for the           40%                                                                           6 out of 10 women
  strengthening          Want to                                                                       entrepreneurs
  of their               validate their
                                                                                                       (359) have a website,              Art, design, fashion   23.2%
  business               business
                                                                                                       and 47% of their sales
  model                  idea
                                           10%                                                         are done through this              Services   22.4%
                                           Seek to                          9%                         channel. (n=603)
                                           institutionalize                 Enhance                                                       Food and beverages     15.8%
                                           their                            their personal
                                           entreprise                       development                                                   Beauty, self-care and wellness    14.9%
                                                                                                       6 out of 10 women
                                                                                                       entrepreneurs                      Communication and entertainment           4.9%

                                                                                                       don’t have partners in
                                                 237 entrepreneurs                                                                        Commerce     4.6%
                                                                                                       their busines.
                                                 operate locally
  On average,
                                                                                                                                          Health and education     3.7%
                                                                                            47         2 out of 10 women
                                                                                internationally
  our entrepreneurs in early stages have                                                               entrepreneurs                      Construction and transport      2.9%
  been operating for                                                                   (n=450)
                                                                                                       have 1 business partner.
  5.4 years                                                                                                                               Tourism, restaurant and hotels    2.9%
                                                     53%           10%

                                                                                                       2 out of 10 women                  Agricultural, chemistry, mining and energy       2.2%
                                                               37%
  and those in advanced stages for                                                                     entrepreneurs                      Mechanical and electrical engineering, and technology   2.0%
  7.9 years (n=737)                                                                                    have more than 2
                                                                                                       business partners.                 Non governmental and public sector        0.5%
                                                                             166 regionally                                     (n=636)
financing as an engine of growth - the achievements of our women entrepreneurs                                                  17

FINANCING AS AN ENGINE                                                                          THE ACHIEVEMENTS OF OUR                                                                  In addition, of the entrepreneurs
                                                                                                                                                                                         who enter Victoria147 with a
OF GROWTH                                                                                       WOMEN ENTREPRENEURS
                                                                                                                                                                                         business idea: 88% of them
                                                                                                                                                                                         validate it. (n=158)

To jump-start their business, our entrepreneurs made, on
average, an investment of $19,707 USD : (n=737)                                                     Early stages

                                                                                                                                                 2016        2017        2018    2019       2020      Change 2016-2020

Less than $2,518 USD 42%
Between $2,568 and $7,554 USD 21%                                                                   Average sales per company
Between $7,604 and $25,181 USD 19%                                                                                                                3.3         3.3         3.3     4.0        0.5              21.2%
                                                                                                    (in millions of mexican pesos)
Between $25,231 and $50,362 USD 8%
More than $50,362 USD 10%
                                                                                                    Average clients per company                   286         349         353    437         119              52.8%
                                                                      This investment came,
                                                                      primarily, f rom:
                                                                                                    Average coworkers
                                                                      (n=358)                                                                      7           7           7      6          5                -14.3%
                                                                                                    per company

                                                      42%                                           Average Indirect beneficiaries
                                                                                                                                                  79          89          184    253        491               220.3%
                                                                      Personal savings 62%          per company

                             21%
                                                                                                                                                                                   Operating profit
                                                                                                                                                                                                                       0.7
                                                                                                                                                                                   per company 2019

                                                                                                                                                                                   Average operating profit
                                                                                                                                                                                                                       - 0.35
                                                                                                                                                                                   per company 2020
                                                       10%                       Friends and
                                                                                 family 20%
                                     19%        8%
                                                                                                    Advanced stages

                                                                                                                                                 2016        2017        2018    2019       2020      Change 2016-2019
                                                                            Shareholder
                                                                            capital 9%
                                                                                                    Average sales per company
2 out of 10 women                     7 out of 10 women                                             (in millions of mexican pesos)
                                                                                                                                                  6.4         8.8          11     17         9                166%

entrepreneurs                         entrepreneurs                       The business
                                                                                                    Average clients per company                  1,039       1,351      3,448    3,708      758               257%
                                                                          operation itself 5%

have applied for some                 are interested in training in                                 Average coworkers
                                                                                                                                                   11         10          19      15         14                36%
type of financing for the             topics related to financing                                   per company

development of their                  for the development of             Bank loan 3%
                                                                                                    Average indirect beneficiaries
                                                                                                                                                  277        420         477     706         197              155%
business (n=222), which               their business, such as: the                                  per company
took them 2.2 years (on               difference between financial
average) to pay off.                  instruments, debt vs. equity,                                                                                                                Average operating profit
                                                                                                                                                                                                                       3.6
                                      angel investment, investment      Other sources 1%                                                                                           per company 2019

                                      funds, among others.
                                                                                                                                                                                   Average operating profit
                                                                                                                                                                                                                       3
                                                                                                                                                                                   per company 2020
ANUAL IMPACT REPORT 2020 | Victoria147   women entrepreneurs and their businesses facing COVID-19                                            19

WOMEN ENTREPRENEURS AND THEIR                                                                                 Even in the face of adversity, 2 out of 10 women entrepreneurs saw
BUSINESSES FACING COVID-19                                                                                    opportunities in the market to continue operating.

                                                                                                                           Before the pandemic, 4 out of 10 women entrepreneurs sold
                                                                                                                           through a website or another online store. Today, about 6 out of 10
                                                                                                                           entrepreneurs currently do so, which represents an increase of 50%.
The COVID-19 pandemic has had repercussions that affect women’s
autonomy and economic independence, among many other negative                                                              Prior to the current situation, only 2 out of 10 women entrepreneurs
effects on gender equality. Only in Latin America and the Caribbean, the                                                   made sales in their own online store, and now 3 out of 10 are already
pandemic caused a ten-year setback in women’s employment levels8.                                                          selling through this channel, which represents an increase of
                                                                                                                           approximately 54%.
This situation had an impact on sectors where female participation
predominates, such as tourism, manufacturing, wholesale and retail trade,                                                  4 out of 10 women were able to adopt digital solutions quickly,
unpaid domestic work, health and education9.                                                                               and this same proportion of women perceive themselves as fully
                                                                                                                           resilient to face the new reality.
In addition, the pandemic had a greater negative impact on women-led
businesses given their stage of development, where only 5% are in a
stage of exponential growth, indicating that they have a better structure to
face a crisis10.
                                                                                                              Finally, among the most relevant lessons learned from the pandemic for
Above all, the pandemic generated an overload of unpaid work for women,                                       women entrepreneurs, the following stand out: (n=75)
as 6 out of 10 women entrepreneurs agreed that the pandemic had a strong
impact on their domestic workload given that before the pandemic they
spent, on average, 9.6 hours a week on caregiving tasks, and now they
spend, on average, 17.7 hours a week, which represents an 82% increase in
their domestic duties.                                                                                                                                          Seeking and/or
                                                                                                                           Learning to be                       diversifying growth    Thinking
                                                                                                                           resilient		                          opportunities          strategically
Similarly, this situation has had an impact on their financial closure.                                                                                         16%
                                                                                                                           24%                                                         13%
Although 2 out of 10 had higher sales than projected at the beginning
of the year, 3 out of 10 companies closed with lower sales than projected
at the beginning of the year. With regards to the rest of the women
entrepreneurs, their financial closure was similar to the amount projected                                           Adopting                                 Anticipate
                                                                                                                     new tools and                            and plannify            Optimize
at the beginning of the year; and in some cases, although it was lower than                                          solutions                                financially             current tools
projected at the beginning of the year, it reflected the recovery of their                                           11%                                      9%                      9%
business.

However, even with the COVID-19 crisis, women-led companies have been
able to adapt to current circumstances.
                                                                                                                                                         Value resources (material
                                                                                                                    Innovate                             and/or human)		              Other

                                                                                                                    7%                                   3%                           8%
ANUAL IMPACT REPORT 2020 | Victoria147    efforts towards gender equality, diversity and inclusion         our value                                               21

       EFFORTS TOWARDS GENDER EQUALITY, DIVERSITY                                                                                                                              OUR VALUE
       AND INCLUSION
                                                                                                          4 out of 10 employ                                                   At Victoria147 we strive daily to eliminate
                                                                                                                                                                               the gender gap and transform the business
                                                                                                          people belonging to                                                  ecosystem by creating valuable connections
                                                                                                          vulnerable groups12 in                                               that empower more women and let their
                                                                                                                                                                               businesses grow.
                                                                                                          their companies. (n=45)
                                                           In 2020, women entrepreneurs                                                                                        For our entrepreneurs, the most rewarding
                    On average,                            indirectly benefited, on average,                                                                                   thing about being part of Victoria147 is: (n=401)
                49% of their business
                partners are women.                        170 women per
                       (n=179)
                                                           company, 35%
                                                                                                                                                                               39%
                                                                                                                                                                                                       Connecting with a
                                                           more than the                                  And they have programs that                                                                  community of women
                                                                                                          promote minorities and/or people                                                             entrepreneurs
                                                           previous year.                       (n=737)
                                                                                                          from vulnerable groups in their
                                                                                                          companies:(n=14)

                                                                                                                                                                               29%
                                                                                                                                                                                                       Developing and
                                                                                                                                                                                                       growing their
                                                                                                                                                                                                       businesses
                                     Of the total number of employees they had in 2020,                   35.7% have some kind of program in
                                     59% were women (compared to 95.7% nationally)11, and                 favour of the LGBTIQA+ community.

                                                                                                                                                                               17%
                                     19% of these are in leadership positions.
                                                                                                                                                                                                       Learning to believe
                                                                                                          21.4% empower an ethnic minority                                                             more in themselves
                                                                                                          or indigenous people.
7 out of 10 women                                          In the last 5 years, our

                                                                                                                                                                               13%
                                                           female entrepreneurs had                                                                                                                    Having the chance to
entrepreneurs in advanced                                  84 employees who became
                                                                                                          21.4% favor people with
                                                                                                                                                                                                       meet potential allies,
                                                           pregnant,                                                                                                                                   business partners and
stages offer better benefits                                                                              disabilities.
                                                                                                                                                                                                       investors
                                                           96% (81)
in their companies than the
                                                           of whom
                                                                                                                                                                               2%
                                                                                                          14.3% support the elderly.
law suggests,
                                                           returned to                                                                                                                                 Other

such as: performance bonuses, bereavement leave,
paternity and maternity leave, flexible working hours,     work.                                          7.1% favor people with HIV.

food allowances, life insurance and major medical
expenses, among others.                                                                                                                                                        Our Net Promoter Score is 9     (n=737)
                                                                                                                                                                                                                         .

                                                                                                          0                                                          100
ANUAL IMPACT REPORT 2020 | Victoria147   strategic alliances and VictoriaFest digital 2020                                                        23

STRATEGIC ALLIANCES AND
                                                                                                               Our flagship event, VictoriaFest, was held for the first time in digital format,
VICTORIAFEST DIGITAL 2020                                                                                      in which we achieved:
                                             Thanks to all our
                                             partners for always

                                                                                                                    6,740                              18
In 2020 we had 22 strategic alliances that
                                             believing in Victoria147’s                                                                                                 national and
worked for gender equality and women’s
economic empowerment.                        mission!13                                                                                                                 international speakers.

                                                                                                                    registered                         14,968                    5,533
Partners
                                                                                                                    participants.                      platform                  attendees at
                                                                                                                                                       visits.                   the event.

                                                                                                                                      1.7
                                                                                                                                    millions         91
                                                                                                                                                     publications on topics related
                                                                                                                                      800            to entrepreneurship, business
                                                                                                                                    thousand
                                                                                                                                                     and female leadership,
                                                                                                                                                     through digital and printed
Partners in the VictoriaFest

                                                                                                                   More than 1.7                     media such as:
                                                                                                                   millions impressions              El Universal             UNO TV

                                                                                                                   on social media,                  El Economista
                                                                                                                                                     El Sol de México
                                                                                                                                                                              American Health and
                                                                                                                                                                              Fitness

                                                                                                                   with a reach of more              Hablemos de Dinero       Bienestar y moda
                                                                                                                                                     Milenio PYMEmpresario    Distrito MAGAZINE
                                                                                                                   than 800 thousand                 Radio Fórmula            ELLAS.MX

                                                                                                                   people.
victories that inspire   25

WE BELIEVE IN
THE POWER OF
WOMEN TO
TRANSFORM
THE WORLD.

                VICTORIES T HAT
                INSPIRE
Victories that inspire                                                                       27

SAMANT HA
REYNA
I am an entrepreneur and founder of Shula Boutique, my online jewelry company. All my
life I had dreamed of being an entrepreneur. I enjoy the fact that today I am working for my
dreams, and at the same time I can impact other people, I wouldn’t change it for anything.

When I took the initiative with Shula, and shortly before the beginning of the pandemic, I
needed someone to guide me professionally towards achieving my life dream, and in my
concern for having a mentor I met Victoria147. First, I took Re programa, a course that gave
me practical knowledge for my business, and at the same time gave me valuable content for
self-awareness. Thanks to this, I discovered the benefits of academia and mentoring sessions
to take my business to the next level, and that’s how I started the Validation program.

I chose Victoria147 because of its community of women entrepreneurs. Not everyone
understands the challenges women face on a daily basis, and the fact that we ourselves are
a support network and our own engine for entrepreneurship is one of the most valuable
features of Victoria147. In addition, the warmth between the academy and the entrepreneurs
is unique; they are always willing to guide us in the search for new solutions.

Although my company was born in a pandemic, the same situation gave me great
opportunities and teachings . Currently, I already have my online store, social media, I
achieved sales in less than a month and in the future I see my business more consolidated.

I have nothing but gratitude for the attention and experiences shared with Victoria147 in the
process of validating and launching my business. I believe that the impulse that you give us
is invaluable; thank you for everything.

SHULA BOUT IQUE                                                                   LANDING
Victories that inspire                                                                            29

ANA CECILIA
PARRA
I am a graduate in Economics, mother of three daughters, wife and entrepreneur. Since
I was a child I have loved business, and entrepreneurship has represented personal
satisfaction.

Being in Germany, being a new mother and with the adrenaline to explore a world of
opportunities, I began to look for different alternatives of raising children and their
education, and that is how Wiwiurka was born, a company focused on the design,
manufacture and marketing of wooden toys and furniture that favors the gross motor
development of children.

My joining in Victoria147 represented a new beginning for my company, it gave me a more
solid structure for my business and it marked the feeling of belonging to a community of
entrepreneurial women. Being part of the Expansion program, with some Consolidation
mentoring, not only gave me valuable content that contributed significantly to Wiwiurka,
but also, the guidance from the fellows was, and continues to be, a growth factor for my
company.

Growing hurts, but I know that right now I am planting the seed for Wiwiurka’s
transformation. In three years, I see a greater presence of my business in other countries
around the world and greater recognition in Mexico.

As a person, I live and believe that it is possible to create our reality; exploring new growth
opportunities for my company is what keeps me inspired every day. As an entrepreneur, I
am motivated to be an example for other women, to lead a team and to be the head of a
company despite adversities.

WIWIURKA                                                                        EXPANSION
Victories that inspire                                                                        31

MARIA JOS É
BELAUST IGOIT IA
Hi, I’m Majo. I’m an architect, interior design specialist and co-founder of Bungalo. My
company was born thanks to the fusion of talent and ideas in order to create a consulting
initiative for interior design. Today we are dedicated to transforming everyday areas into
innovative and functional spaces for our clients.

As an entrepreneur, my career has been linked to my professional development; now,
Bungalo has become my priority and, hand in hand with my partner, we have been growing
little by little. Without a doubt, what I enjoy the most about being an entrepreneur is being
the owner of my time.

My first contact with Victoria147 happened when my company was already at a certain start-
up level and I received advice to enter Liftoff. Thanks to Victoria147 I have learned important
topics for the structure and orientation of Bungalo. Internally, my company has grown
gradually and we have worked to constantly improve. Today, we already have tools that
boost our operations, such as project management, social media, organizational structure,
as well as other contributions to my financial model.

With an online business model, we have consolidated and strengthened our work in spite
of adversities and innovated to provide the best for our clients. Faced with the pandemic,
the ability to adapt was a challenge, mainly because we faced that our competition was
implementing similar digital business models. Despite that, we have sought strategies,
redefined our value proposition and maintained our essence as Bungalo.

One of my tips for any woman interested in entrepreneurship is to “take the leap”, connect
with business partners and trust yourselves. Take advantage of your time, you will never be
100% ready for entrepreneurship but I think it is also important to take the risk without fear
but with responsibility.

BUNGALO                                                                           BUILD UP
victories that inspire                                                                         33

ZAIRA                                                                         SEMILLERO

MAJUL                                                                           NUT RISA
                                                                            (PROJECT ION)

Hi, I’m Zaira. Entrepreneur, Director and Founder of Zama Grupo Healthy. Throughout my
experience, I have been involved with the corporate world; however, I always had a lot of
curiosity and interest in entrepreneurship, when I finally had the opportunity I decided to
found my company. Today, Zama Grupo Healthy has three lines of business: marketing of
raw materials, manufacturing of personal care products under my brand “Los secretos de la
abuela” and product customization.

In entrepreneurship, what motivates me the most is that it allows me to serve and
contribute to society as an engine of change. We live to leave our legacy, and the fact that
growth depends on me is the most gratifying and satisfying thing.

I joined Victoria147 as part of the “Semillero Nutrisa” alliance. Throughout it, I was presented
with different modules in which I interacted with different experts and other women
entrepreneurs; in addition, I learned tools for macro-process planning, commercial topics,
and other types of content that as an entrepreneur helped me to continuously improve.
This program boosted my company to another level. The push it gives us not only in
entrepreneurship issues, but also to strengthen our human side is invaluable to grow with
your company. Today I am in the process of becoming an official supplier of a great brand
such as Nutrisa, without a doubt an incomparable experience.

In my case, the pandemic and Victoria147 brought me opportunities to move forward with
my company. Being part of “Semillero Nutrisa” was a tool that helped me plan my 2021 and
to be more analytical in my processes and strategies when making important decisions for
my company. Although it was an unprecedented moment, it taught me to be resilient; I
hope that three years from now Zama Grupo Healthy will grow and become stronger.

As women entrepreneurs, I believe that we are generating a change in the business
environment, giving greater relevance to female leadership. Together we are partners, and
with our efforts I am sure we will make a big difference in the world.

ZAMA GRUPO HEALT HY
ANUAL IMPACT REPORT 2020 | Victoria147   our fellows                                                         35

OUR FELLOWS

                                                                                    Their main areas of experience are:
We have consolidated a network of more than

359 Fellows.                                                                                           16%
                                                                                                           21%    in senior Management

                                                                                                             in other areas

                                                                                                     14% in Finance

                                                                                                     13%   in Marketing and Advertising

                                                                                                    12% in Strategic Planning

                                                                                                  8% in Human Capital

                 31% of our fellows are women (111)                                               8%   in Legal
                 and 69% are men (248).
                                                                                                  8% in Sales

                                                                     67%
                                                              are located
                6%
                                                                in Mexico
                in Mérida
                                                                      City          On average, they provide 1,242 hours of consulting and mentoring
                (Mexico)

                                                               7%
                                                               in other                                                               Early stages
                                                               countries                                                              57%
                20%
                 in Monterrey
                (Mexico)                                                                                                              Advanced stages
                                                                                                                                      36%

                8 out of 10 Fellows                                                                                                   Workshops and
                                                                                                                                      live sessions
                have been entrepreneurs at some point in their
                                                                                                                                      7%
                careers.
ANUAL IMPACT REPORT 2020 | Victoria147   directory of Fellows                                                                   37

                                                                                                          Bruno            Matus Gayosso      Stanley Black & Decker

                                                                                                          Camilo           Llinás Velásquez   Aliat, Stark Smart Gym
DIRECTORY OF FELLOWS
                                                                                                          Carlos           Allende            AT&T

                                                                                                          Carlos           Callejo            Hasbro

                                                                                                          Carlos           Kalach             Comercializadora Círculo CCK
Adina          Chelminsky            N/A
                                                                                                          Carlos           Mier y Terán       Grupo MYT
Adolfo         Cano                  Cultura Colectiva
                                                                                                          Carlos           Miranda            Grupo Axo
Adrián         Román y Román         VillarrealMC y Roman Abogados
                                                                                                          Carlos           Saenz              Grupo Witt
Adriana        Flores                Hewlett Packard Enterprise
                                                                                                          Carlos           Silis              THE MOONSHOT CO
Adys Marlet    Dávila                Grupo Prodensa
                                                                                                          Carlos           Silva              Salesforce
Agustín        Altamirano            Alcano derecho empresarial e inmobiliario
                                                                                                          Carlos           Torres             Impuestum
Alan           Palau                 Pearson Education
                                                                                                          Carlos           Villaseñor         Biovideo
Alberto        Álvarez               Digital Friks, IncentivAction
                                                                                                          Carlos Roberto   López              The Home Depot
Alejandra      Rodríguez de Siller   Instituto de Moda Burgo México
                                                                                                          Cecilia          Goya de Riviello   Balanceship Consultores
Alejandro      Arellano              Sibare & Partners
                                                                                                          Christian        Aguirre            Alta Ventures México, Dalus Capital
Alejandro      Palma León            Troquer
                                                                                                          Clara            Corona de Lau      Biomedica de Referencia
Alejandro      Villalón              KM Capital Partners, ON Ventures
                                                                                                          Clara            Frischwasser       TAMIM HR Consulting
Alejandro      Pérez                 414 Capital
                                                                                                          Claudia          Ávalos             Alerama Marketing Digital Integral
Alexandro      Ríos                  Ríos Sepúlveda y Asociados
                                                                                                          Claudia          Contreras          Samsung Electronics
Alfonso        Olvera                Grupo Olvera
                                                                                                          Claudia          Zúñiga             CONAIR Mexico
Alfonso        Ríos                  SoWhat? Factors
                                                                                                          Cory             Crespo             Coloürs
Allan          Fis                   Fis Foto
                                                                                                          Cristian         Lloret             Cristian Lloret Mila
Allan          Pineda                choose
                                                                                                          Daniel           Alanís             The Boston Conuslting Group
Américo        Ferrara               Life is Too Short Capital
                                                                                                          Daniel           Coggiola           Apple y Deloitte
Ana Paola      Alcalá                Stoopen Asociados
                                                                                                          Daniel           Garnica Rivera     The Coca-Cola Company
Ana Paula      Blanco                Brains4Rent
                                                                                                          Daniel           Granatta           Platzi
Andrea         Cabrero Vilatela      Urbix Resources
                                                                                                          Daniel           Marcos             Growth Institute Inc.
Andrea         Ruiz                  Tecnológico de Monterrey
                                                                                                          Daniel           Schneeweiss        Casa Montelobos
Andrea         Trujillo              Reste-U y Tecnológico de Monterrey
                                                                                                          Darío            Okrent             Alsea
Andrea         Valenzuela            Tecnológico de Monterrey
                                                                                                          Daryn            Fillis             Distroller
Andrés         Martínez              Bitso
                                                                                                          David            Jassan             Directo.com
Andrés         Mojica Cañderón       Zebra Digital Marketing
                                                                                                          David            Lask               Creze
Anna           Fusoni                Fusoni Fashion Network, KSnews
                                                                                                          Delfina          Flores             Pipol Talent
Antonio        Fajer                 Neikos y Pentafon
                                                                                                          Diego            Bracamontes        Netflix
Antonio        Vilches               Archipiélago
                                                                                                          Diego            Creel              Creze
Aroldo         Dovalina              DOCA Investments
                                                                                                          Diego            González ROSSI     Iberbrand
Arturo         Gonzalez              AVALÓN
                                                                                                          Dora             Forero             Naser Marketing Sensorial
Arturo         Merino                ArcCanto Deuda Inteligente
                                                                                                          Dulce            Kadise             Mass Challenge
Arturo         Reyes                 Minigols México
                                                                                                          Edgar            Fernández          Vesta Soluciones Integrales
Bernardo       Cisneros              Cb empresas
                                                                                                          Edgar            Orlaineta          FL Gallery
Bernardo       Cordero               STARTegy Venture Builder
                                                                                                          Edgar Mauricio   Jazo Trin          Asesores Senior
Bernardo       De la Cabada          GCG
                                                                                                          Eduardo          Bello              Central Zone
Betsabé        Fernández             PepsiCo Alimentos México
                                                                                                          Eduardo          Garza              Evalor
Blanca Juana   Gómez                 MMK Group
                                                                                                          Eduardo          Muñiz              VITRIO
ANUAL IMPACT REPORT 2020 | Victoria147   directory of Fellows                                                                       39

Eduardo     Paulsen            Ben & Frank                                                           Gloria          Canales             Amazon

Eduardo     Sauret             Grupo Sommet                                                          Gonzalo         Cegarra             Creze

Eduardo     Valenzuela         Unión Cinematográfica                                                 Grace           Kamaji              La Cima / Life 180

Emilio      Blanco             Centro de Soluciones Inalámbricas                                     Gretta          González Bracho     Uber

Enrique     Cisneros           Banregio                                                              Griselda        Hernández           Blue & Gray Associates

Enrique     González           Independiente                                                         Guillermo       Barba               Axiologic

Enrique     Vera               Sportium                                                              Guillermo       Varela              Logrand Entertainment Group

Eric        Descombes          FCB México                                                            Guilles         Suberville Béraud   Elixir, Arcana, Ineomex

Eric        Pérez-Grovas       Jaguar Ventures                                                       Gustavo         Barcia              Needed Education

Ernesto     Moncada            The Welcome Branding Group                                            Gustavo         Cisneros            Cb empresas

Eugenio     Perea              Magma Partners                                                        Gustavo         Serna               Promecap

Fabrice     Serfati            IGNIA Partners                                                        Hassan          Yassine             GAIA

Federico    Casas Alatriste    Loro y 0BS                                                            Heberto         Taracena            Capital Invent, Grupo Imagen Multimedia

Federico    Gómez              PayPal                                                                Héctor          Cruzado             ZOÉ WATER

Federico    Legorreta          Proyecto COLBERT                                                      Héctor          Cuesta              Clé

Federico    López Otegui       La Costeña                                                            Héctor          Esrawe              Esrawe

Ferenz      Feher              Feher & Feher                                                         Hector Hugo     de la Peña          H Estrategias

Fermín      Montes             Hortícola Cedro Blanco, Sativus                                       Hiram           Valdez Rodríguez    Uber Technologies Inc

Fernanda    Perea              Saskia de Winter                                                      Horacio         Genolet             Ogilvy Latinoamérica

Fernando    Álvarez            Kantar                                                                Hugo            Salinas             IGNIA Partners

Fernando    Fabre              Endeavor Global                                                       Huguette        Cervantes Laing     Business Boutique

Fernando    Huerta             Tecnológico de Monterrey                                              Ignacio         Liaudat             Circus Marketing

Fernando    Rojas Sánchez      Creativos Prácticos                                                   Irving Arturo   De Lira             Grupo Financiero Banorte

Fernando    Torres             Alfaro, Dávila y Scherer                                              Isaac           Lekach              The Sarpes Group

Fernando    Torres Cantu       Black Creek Group                                                     Isabella        Munoz               ColCapital

Fernando    Trueba             LUV.IT                                                                Ivette          Calvet              Seeds Talent Management

Francisco   Lezama             Instituto Yucateco de Emprendedores                                   Jaime           García              Strategic Capital

Francisco   Niembro            Embajador de México en Qatar                                          Jaime           Longoria            Oxxo

Francisco   Ramírez Anguiano   Bienestar Corporativo y Sistémico                                     Jaime           Massieu             Axa Seguros

Francisco   Ruíz-Maza          Russell Reynolds                                                      Jaime           Padilla             Russell Reynolds Associates

Francisco   Sordo              Uber                                                                  Jaime           Weber               J.W.K Business

Françoise   Lavertu            South View Studio                                                     Jandir          Matos               Bedu

Freddy      Vega               Platzi                                                                Javier          Arredondo           Travesías Media

Gabriela    Cejudo             Grupo Nicxa                                                           Javier          Okhuysen            sala uno

Gabriela    Hernández          Consultor independiente                                               Javier          Peña                So What? Factors

Gabriela    Romero             BBVA Bancomer                                                         Javier          Van Cauwelaert      Smartfish

Gabriela    Salazar            Román, Nava, Morales y Salazar Abgados                                Jean Michel     Enríquez            Creel, García-Cuéllar, Aiza y Enríquez

Gabriela    Warkentin          W Radio, El País                                                      Jesús Horacio   González            n/a

Gabriela    Yakovlev           Transcendence                                                         Jorge           Barajas             Despacho de Contadores y Gasolineras

Gema        Sacristán          Corporación Interamericana de Inversiones                             Jorge           Belden              Galera

Gerardo     Román              Román, Nava, Morales y Salazar Abgados                                Jorge           Camil               Enova

Gerardo     Ugalde             The Ad Theory                                                         Jorge           Casares             Buhox Consulting

Giorgio     Di Vece            V09                                                                   Jorge           González            G2 Consultores

Giovanna    Jiménez Coria      Laboratorios Expanscience México SA de CV                             Jorge           Guerrero            Auto One Acceptance
ANUAL IMPACT REPORT 2020 | Victoria147   directory of Fellows                                                                              41

Jorge            Soto                Miroculus                                                              Lucy              Lawrence              Inversionista independiente

Jorge Luis       Camargo             Ecaresoft                                                              Luis              Garza Sada            Kinedu

José             Guereque            Arca Continental                                                       Luis              Martínez              PROA

José             Zaga                Vicky Form                                                             Luis              Martínez Lozano       Martínez Asesores

José Alberto     Terán               TERAN TBWA\                                                            Luis              Mourey                Temasek

José Alfredo     Islas               Residencia                                                             Luis              Pazos                 IDG Consulting

José Antonio     Loret de Mola       Ciclo Corporativo                                                      Luis              Yturbe                Litebuilt México

José Antonio     Manrique            Evero Capital                                                          Luis Enrique      Carrillo              Coca-Cola FEMSA

José Antonio     Morán               Capital Índigo                                                         Luis Fernando     Ramírez               FEMSA

José Antonio     Silveira            Consultor independiente                                                Luis Gerardo      Chapa                 Tenna

José Antonio     Téllez              Onelife / Actitud Sana                                                 Luisa Jimena      García Riva Palacio   Casa de Danza México

José Arturo      Vázquez             Capital 112                                                            Luz               Arredondo             Travesías Media

José Ignacio     González            Mobile 360                                                             Luz Adriana       Ramírez               Visa

José Luis        Betancourt          Ingenia Agency                                                         Luz María         Velázquez             Tecnológico de Monterrey

José Luis        Garibay             Capital 112                                                            Manuel            Llaguno Marchand      Firmalt

José Luis        Torrado             Grupo BPT                                                              Marco             Colín                 AVIÓN

José Pablo       Abreu               PwC                                                                    Marco             Franco                Planner Group

José Simón       Díaz                el20.mx                                                                Marco             Sens                  Jelp

Josefina         Stoopen             Stoopen EMA Partners                                                   María             Castilla              IADWP

Joshua           Ford                Candid                                                                 María             Novales               McKinsey

Juan             Sotres              Triciclo                                                               María Fernanda    Garibay               Atabay Consulting

Juan             Valles              Tecnológico de Monterrey                                               María Inés        Morán                 ActionCOACH

Juan             Vera                Nimblr.ai                                                              Maria Yulene      Galera Trillas        Freelance

Juan Carlos      Guerrero            Wunderman                                                              Mariana           Castillo              Ben & Frank

Juan Emilio      Simón               Bufete de Marketing                                                    Mariana           Conde                 Familias Extraordinarias

Juan Francisco   González            Onecare Group                                                          Mariana           Gaber                 BibaBijoux

Juan Luis        Rodríguez           Accenture                                                              Marianela         Sordo                 Consultor Independiente

Juan Manuel      Valle Pereña        Afore XXI Banorte                                                      Marianna Pilar    Jones Labastida       Steve Madden México (Trendy Imports S.A de C.V)

Juana            Ramírez             Grupo SOHIN                                                            Mario             Estupiñán             Fiduciaria de Occidente

Julián           Herrera             Banco Santander México                                                 Mario Alejandro   Sosa                  CBR Asesoría Legal

Julio Luis       García              MMK Group                                                              Marisol           Rodríguez             Sinergia Deportiva

Karen            Gilchrist           Google                                                                 Marlyn            Sánchez               Consultoría Mercadológica

Karla            González Jáuregui   TST Talent Strategy Team                                               Martha            Rivera                IPADE

Kelly            Talamas             Consultor independiente                                                Martha Laura      Bueno Gamboa          Martina Bueno Comunicación y Mumas Business Network

Kerrie           MacPherson          EY                                                                     Martha Patricia   Herrera               CEMEX

Laura            Manzo               The Huffington Post                                                    Martín            Hernández             Sound Editor

Laura            Tapia               Consultor independiente                                                Mauricio          Barrera               Tim Hortons

Laure            Merat-Calderón      El Palacio de Hierro                                                   Mauricio          Cano del Valle        Hoopol

Lauren           Rodriguez Muñoz     Abogadas para Emprendedores                                            Mauricio          Carrandi              Televisa

Leticia          López               Coaching Integral                                                      Mauricio          Rizo                  Tecnológico de Monterrey

Lisette          Montefusco          CMR                                                                    Mayra             Aldazosa              Consultor independiente

Lorena           Flores              Grupo AXO                                                              Mayra             Hernández O’Hagan     Instituto Xilonen

Lorena           Martínez            Horux Business Consulting                                              Michel            Rojkind               Rojkind Arquitectos

Lourdes          López Goya          Consulor independiente                                                 Miguel Ángel      Flores                Niagara Bottling
ANUAL IMPACT REPORT 2020 | Victoria147   directory of Fellows                                                                            43

Moís            Cherem                Bedu                                                                  Raúl                Galicia               BBVA Bancomer

Moisés          Guindi                Casa Lumbre                                                           Raúl                Martínez-Ostos        Barclays Investment Bank

Mónica          Flores                ManpowerGroup                                                         Ricardo             Barrueta              Consultor independiente

Mónica          Lenz                  Lenz Human Capital                                                    Ricardo             Díaz Salinas          Ciencia Med

Mónica          Martínez              IPADE                                                                 Ricardo             González              EBC (Escuela Bancaria y Comercial)

Mónica          Mijangos              Beltrán & Bernal Stoopen                                              Ricardo             Rocha                 RENDER, Games Starter, COPANGA, ALTEUM

Mónica          Patiño                Casa Virginia, Delirio, La Taberna del León, MP Bistro                Ricardo             Rondón                HKS Inc.

Mónica          Villela               Maken Consultores                                                     Ricardo             Vázquez Rodríguez     Cemex

Montserrat      Vázquez del Mercado   Accenture                                                             Ricardo             Zamora                Google

Muriel          Belda                 Morgan Philips                                                        Roberto             Charvel               Vander Capital Partners

Murillo         Tavares               Spencer Stuart                                                        Roberto             Ruiz                  Wunderman

Nancy           Godines               DOCADHOC                                                              Rodolfo             Ramírez               RedBox

Natalia         Zárate                Sephora                                                               Rodrigo             Arévalo               Uber Eats

Nayelly         Hernández             Gran Hogar Sureste y Kintek Energías Renovables                       Rodrigo             Cobo                  Talaria Marketing

Nick            Panes                 Control Risks                                                         Rodrigo Francisco   Villagrán             Aguilar & Villagrán

Nicola          Origgi                Tecnológico de Monterrey                                              Rolando             Salinas               IGNIA

Nicolás         Rubio                 Industria Faramcéutica Andrómaco                                      Roque               Velasco               Walmart

Nicole          Reich                 BNP Paribas Cardif                                                    Roxana              Rabinovich            American Express

Nima            Pourshasb             Banco Sabadell, Formafina                                             Rubén               Castellanos           AROD

Octavio         Herrero               Herrero                                                               Rubén               Guajardo              Consultor independiente

Olegario        García Márquez        GAPE Business Group                                                   Rubén               Herrero               Impuestum

Omar            Ríos                  HATHI                                                                 Ruby                Sharma                EY

Óscar           Lozano                Sintec                                                                Rudy                Joffroy               Creative Dreams

Óscar           Salazar               Uber                                                                  Salvador            Luna                  Mary Kay Inc.

Oswaldo         Trava                 InstaFit                                                              Sandra              Ramos                 MR Institute

Otto            Graff                 IGNIA Partners                                                        Sandra              Sainz Heredia         Cantera Capital, SV LATAM Fund

Pablo           Alvarado              Garage                                                                Sandra              Sánchez y Oldenhage   PharmAdvice Consulting

Pablo           González Cid          Café Punta del Cielo                                                  Sandrine            DUPRIEZ               Laboratoires Expanscience Mexico

Pablo           Hernández             Ingenia Agency                                                        Santiago            Arango                Grupo Takami

Pablo           Hooper                González Calvillo Abogados                                            Santiago            Creixelll             Bitso

Pablo           Salazar               ParenTTech                                                            Santiago            Sánchez               Drive, Intersect

Pamela          Aréstegui             AIG Seguros                                                           Sara                Kauss                 S’well

Pamela          Gutiérrez             Garrigues                                                             Sara Laura          Garza                 Magna International

Patricia        Schroeder             Mentoría y Seguridad Legal                                            Saraí               Baeza                 McKinsey & Company

Paula           Franco Vasco          TAMIM HR Consulting                                                   Saskia              de Winter             Saskia de Winter

Pedro           Egea Barbosa          Herrero                                                               Sebastián           Tonda                 Flock

Pedro           Egea Dietz            Consultor independiente                                               Sergio              Cid                   Grupo Vidanta

Pedro Antonio   García                FCB                                                                   Sergio              Garza                 Garza Durán Abogados

Pepe            Giral                 Consultor independiente                                               Sergio              Spinola               The Coca-Cola Company

Rafael          Borbón                Exfarma                                                               Shahin              Baharimehr            Advent International

Rafael          Selvas                Farmacias del Ahorro                                                  Shelley             Brindle               Alcaldesa de Westfield, NJ

Ramiro          Del Valle             Barclays Investment Bank                                              Simon               Bedford               Prolegis Services

Ramiro Javier   Atristaín Carrión     Atristain Financial Advisors, LLC                                     Sofía               Escamilla             Palacio de Hierro

Raúl            Durán                 CEMEX USA                                                             Tavo                Zambrano              Skydrop
ANUAL IMPACT REPORT 2020 | Victoria147   directory of Fellows   45

Toni       Torres        Toni Torres Enlaces Estratégicos

Úrsula     Wilhelm       Banorte / IXE

Verónica   Elizondo      Sigma Alimentos

Verónica   Morgenstern   MR Institute

Verónica   Yepez         Perpetum Consulting

Vicente    Encarnación   e:de business by design

Víctor     Calderón      Arccanto Deuda Inteligente

Víctor     Melgarejo     Tecnológico de Monterrey

Víctor     Ornelas       Capital Índigo

William    Gaber         Atabay Consulting

Yvonne     Narro         Yarto & Narro

Zita       Horváth       Lea Isla & Horváth
ANUAL IMPACT REPORT 2020 | Victoria147    annex                                                                                    47

                                                                                                                                           It seems to me that they
  ANNEX                                                                                                                                    have formed A SMOOTH,
                                                                                                           Because they have
                                                                                                           EXCELLENT FELLOWS,              DETERMINED AND
                                                                                                           and take you by the hand        CLEAN COMMUNITY,
                                                                                                           in what you need to know        with a long history of
                                                                                                                                           experience and always           VICTORIA147 is the ideal
                                                                                                           to be a SUCCESSFUL
                                                                                                                                           studying the situation          place for this GROWTH in
                                                                                                           ENTREPRENEUR.
                                                                                                                                           of ENTREPRENEURS                the hands of experts and
                                                                                                                                           IN MEXICO in order to           WOMEN who are in a path
VICTORIA147 IS A                                                                                                                           give them a better offer        like your own, this INSPIRES,

 REVOLUTIONARY PLACE,
                                                                                                           EXCELLENT CONTENT
                                                                                                                                           so they can fulfill and         MOTIVATES AND HELPS
                                                                                                           that helps to have clarity
                                                                                                                                           materialize their dreams        YOU TO MOVE FORWARD.
                                                                                                           on decision making and to

WHERE THE SUPPORT
                                                                       AND                                 structure the way to grow.      and businesses. I have been
                                                                       WILL                                                                in business for 6 years and

 TO ENCOURAGE US ALL AS
                                                                                                                                           THE BENEFITS I HAVE             Because in this journey of
                                                                                                                                           OBTAINED IN MANY WAYS           entrepreneurship WE ARE
                                                                                                           Because of the network,

WOMEN ENTREPRENEURS
                                                                                                                                           ARE INVALUABLE: support         NOT ALONE and there is
                                                                                                           and the platform with
                                                                                                                                           network, friendships, advice    always much to LEARN.
                                                                                                           PROFESSIONAL WOMEN,
                                                                                                                                           from the best professionals,
                                                                                                           a serious approach to
                      IS NOTICEABLE.                                                                       ENTREPRENEURSHIP and
                                                                                                           very well structured content.
                                                                                                                                           always good attitude,
                                                                                                                                           accompaniment, affection,       THANK YOU for always
                                                                                                                                           growth and many more            taking us into account.
                                                                                                                                           positive things.

                                                                                                                                           In a short time I HAVE
Since I started the                                                                                                                        CONNECTED WITH
                                                                 It is a NETWORK that really
Re programa course, it                                                                                                                     SUCCESSFUL AND
                                                                 seeks to give the essential
changed my chip for many                                                                                                                   INSPIRING WOMEN.
                                                                 tools to those of us who
things. Then I started Build
                               Because it is an ENRICHING        want to start a business and
Up and I have seen an
                               SPACE. As everything, it can      those who are already on                  THE CONTENT, THE
IMPACT and increase in the                                                                                                                 For the content of the
                               be better, but I definitely got   the road.                                 NETWORK OF
sales of my COMPANY.                                                                                                                       courses, the INTEGRAL
                               good things and POSITIVE                                                    ENTREPRENEURS AND
                                                                                                                                           VISION, their collaborations,
                               CHANGES IN MY BUSINESS.                                                     FELLOWS ARE TOP LEVEL.
                                                                 Because of THE                                                            community, guests and the
                                                                 EMPOWERMENT, THE                                                          companies that have been
                                                                                                                                           formed.                         Because of the network,
                                                                 CONFIDENCE AND THE
                                                                                                                                                                           and the platform with
                                                                 KNOWLEDGE AND
                               It was a GREAT LEARNING                                                                                                                     focus on WOMEN
                                                                 INSPIRATION SESSIONS.                                                     It was AN INCREDIBLE
                               EXPERIENCE and an                                                                                                                           PROFESSIONISTS,
                                                                                                                                           COURSE that helped              a serious approach to
                               EXCELLENT PLACE TO
It is a COMMUNITY that                                                                                                                     me give a completely            entrepreneurship and
                               CONNECT WITH OTHER
ENCOURAGES you to carry                                                                                                                    NEW TWIST TO MY                 content very well
                               WOMEN ENTREPRENEURS.
out your PROJECTS.                                                                                                                         ENTREPRENEURSHIP.               structured.
ANUAL IMPACT REPORT 2020 | Victoria147   annex - bibliography                                                                                                           49

                                                                                                                       BIBLIOGRAPHY
General indicators (Annex)

                                 2016   2017   2018    2019      2020       Change 2016-2019
                                                                                                                       1
                                                                                                                        López. 2021. Pequeñas empresas, grandes impactos: Apoyando a las PYMES productivas como motor de la
                                                                                                                       recuperación en ALC.
Average sales per company
                                 4.2    4.9    5.6      7.4       1.3               76%
(in millions of mexican pesos)                                                                                         2
                                                                                                                            INEGI. 2020. Estudio sobre la Demograf ía de los Negocios.

                                                                                                                       3
                                                                                                                            INEGI. 2020. Encuesta sobre el Impacto Económico Generado por COVID-19 en las Empresas (ECOVID-IE).
Average clients per company      471    576    1,128   1,078      259               129%

                                                                                                                       4
                                                                                                                            Banco Mundial;Facebook; OCDE. 2020. El futuro del Negocio.
Average coworkers
                                  8      7      11      8          6                0%
per company                                                                                                            5
                                                                                                                            Deloitte. 2020. Understanding the pandemic’s impact on working women.

Average Indirect beneficiaries                                                                                         6
                                                                                                                            INEGI. 2020. Encuesta sobre el Impacto Económico Generado por COVID-19 en las Empresas (ECOVID-IE).
                                 135    167    262     345        344               156%
per company
                                                                                                                       7
                                                                                                                            See description of the stages in section three of the types of programs according to stages.

                                                                                                                       8
                                                         Operating profit                                                   CEPAL. 2020. Informe especial covid-19
                                                                                             1.20
                                                         per company 2019
                                                                                                                       9
                                                                                                                            Idem.
                                                         Average operating profit
                                                                                             0.57                      10
                                                                                                                            Encuesta del Impacto del COVID-19 en las empresas lideradas por mujeres Victoria147.
                                                         per company 2020

                                                                                                                       11
                                                                                                                            INEGI. 2020. Encuesta Nacional de Ocupación y Empleo (ENOE) 12

                                                                                                                       12
                                                                                                                         Vulnerable groups are defined as those who “either because of their age, race, sex, economic status, physical
                                                                                                                       characteristics, cultural or political circumstances, are at greater risk of having their rights violated” (CNDH,
                                                                                                                       2020). (CNDH, 2020) Ex: migrants, people with HIV, women, children, indigenous communities, members of the
                                                                                                                       LGBTIQA+ community, etc.

                                                                                                                       13
                                                                                                                         We also thank Facebook, BBVA, Herdez, Nutrisa, Banana Republic, Innata, Kit kat, Bobbi Brown, Hindie Tea,
                                                                                                                       Romina Media, Sersana, Barro blanco, Cynthia Buttenklepper, Cihuah y Moncaya, for being part of our event
                                                                                                                       “Give me a Break” in 2020.
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