How one woman 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 earlier this year.

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

She says there are currently 700 women in the programme.

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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