IFC, Goldman Sachs 10,000 Women Deploy $1.45B to Women Entrepreneurs in Emerging Markets

Date: 
09 Oct 2019

The Women Entrepreneurs Opportunity Facility (WEOF), a partnership between Goldman Sachs 10,000 Women and IFC, a member of the World Bank Group, has delivered $1.45 billion in investments over the past five years for local financial institutions to lend to women-owned businesses. This first-of-its-kind finance facility has supported nearly 53,000 entrepreneurs in developing countries through 53 financial institutions across 33 countries to date, according to a progress report released today.

WEOF has surpassed its original goals set at its launch in 2014 – having already delivered more than double its initial goal of mobilizing $600 million for emerging-market financial institutions to lend to women-owned small and medium enterprises (SMEs).

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