ShapeShifter

How Tracey Chambers is helping unemployed moms become entrepreneurs

Ray White interviewed Tracey Chambers (co-founder and CEO of The Clothing Bank, a social enterprise that helps unemployed moms start their own businesses) on The Money Show for the weekly “ShapeShifter” feature.

Tracey Chambers is the former Woolworths Head of Financial Planning and Performance.

The Clothing Bank gives women access to discounted merchandise and 500 hours of training in money management and business skills.

The business skills were not enough. We discovered that many of the women lacked confidence.

Tracey Chambers, co-founder and CEO of The Clothing Bank

The Clothing Bank’s motto is: ‘Don’t give a woman a fish. Teach a woman to fish and teach her how to sell her fish.'

Tracey Chambers, co-founder and CEO of The Clothing Bank

Scroll down for quotes from the audio below.

54% of mothers with children under two are unemployed.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We get over 100 000 garments from retailers who donate to us.

Tracey Chambers, co-founder and CEO of The Clothing Bank

You can’t learn business in a classroom.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We teach them to be great capitalists; to extract as much money as they can.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We have so much product, we don’t always know what to do with it!

Tracey Chambers, co-founder and CEO of The Clothing Bank

Our name is limiting! We get everything you can buy in a retail store.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We currently have about 700 women in our program.

Tracey Chambers, co-founder and CEO of The Clothing Bank

We have a single mother with seven children. Before she joined she couldn’t feed them. Now her two oldest daughters are enrolled in technicon!

Tracey Chambers, co-founder and CEO of The Clothing Bank

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Article brought to us by Old Mutual.

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