IFC, a member of the World Bank Group, is the largest development institution focused on the private sector in developing countries. They create opportunity for people to escape poverty and improve their lives — by providing financing to help businesses employ more people and provide essential services, mobilizing capital from others, and delivering advisory and risk-management services to ensure sustainable development.
IFC experience shows that banking on women entrepreneurs is a profitable business for banks as women entrepreneurs are usually an under served market, have excellent repayment rates and are good savers. Additionally, World Bank Group research shows that women contribute positively to their communities’ well-being.
Through its Women in Business Program established in 2004 (formerly known as Gender Entrepreneurship Markets), IFC aims to mainstream gender issues, while helping to better leverage the untapped potential of women in emerging markets. Learn more about these efforts at www.ifc.org/gender.
In 2010, IFC launched its Banking on Women business, which provides financing and expertise to emerging market financial institutions to expand financial services and opportunities for women customers and business owners. Through Banking on Women, IFC works with its extensive network of client financial institutions to increase access to finance for women entrepreneurs — especially those leading SMEs. This program is built on the fundamental business case that providing valuable financial services to women customers generates bottom line value for banks. As of June 2016, IFC’s Banking on Women business has invested, mobilized investment, and provided expertise to 48 financial institutions in 33 countries, for a portfolio totaling US$1.13 billion. Find out more about Banking on Women here.
IFC was the first Development Finance Institution to sponsor the Financial Alliance for Women, providing financial and human resources to support the Alliance since 2005.
For more information about IFC, visit www.ifc.org.