The BBVA Microfinance Foundation (BBVAMF) has joined the Women Entrepreneurs Finance Code (WE Finance Code) initiative, coordinated by We-Fi, a global alliance housed in the World Bank, which aims to boost financing for women-led or women-owned businesses.

The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.

Looking at the client base of OnePuhunan, most women entrepreneurs are active in the trading sector, such as sari-sari stores and small grocery stores.

By joining, CARE commits to championing women-led businesses and working to eliminate financing gaps for women entrepreneurs.

The joint initiative aims to leverage their combined strengths to benefit farmer producer organizations, nano, micro, small, and medium enterprises, Self-Help Groups, women entrepreneurs, start-ups, and similar entities.

The investment, brokered by CARE Social Ventures, will significantly expand efforts to ensure women and girls have the digital and financial access they need to thrive in today’s world.

This strategy aims to address the $1.7 trillion gender gap by providing responsible financial services to underserved women, women-owned, and women-led businesses in developing markets.

Apply to this program delivered by experts from Women’s World Banking, AIR, NYU, and UPenn, focusing on cutting-edge technology and closing the gender gap in financial inclusion.

The National Bank of Samoa (nbs) is developing a suite of new banking products that would benefit women entrepreneurs and improve remittances in Samoa with the support of IFC and the New Zealand Government.

To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms.