IFC & Goldman Sachs 10,000 Women: Investing in Women’s Business Growth
The women enterpreneurs opportunity facility
In 2014, IFC Banking on Women and Goldman Sachs 10,000 Women founded the Women Entrepreneurs Opportunity Facility (WEOF), a first-of-its-kind global finance facility for women-owned enterprises. With a finance gap for women small and medium enterprises (SMEs) in emerging markets estimated at $1.5 trillion, the facility helps address the vast unmet financing needs of women-owned businesses in developing countries.
Leveraging the resources, reach, and expertise of IFC and Goldman Sachs 10,000 Women, WEOF was created to expand and deepen financing for women SMEs in developing countries, empower women entrepreneurs through access to capital and expertise, and demonstrate the commercial viability of investing in women by attracting external investors.
Halfway into the life of the facility, WEOF has already exceeded its investment and mobilization goals, and has made strong progress towards achieving its objectives, helping to close the global credit gap for women SMEs.
SME Banking Club is an international networking platform of business bankers aimed to provide relevant information on what banks and financial companies are offering for entrepreneurs, micro-, small and medium enterprises (SMEs).
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