The Multilateral Investment Fund (MIF), a member of the Inter-American Bank Group, supports private sector-led development benefitting low-income populations and the poor – their businesses, their farms, and their households. A core MIF mission is to act as a development laboratory – experimenting, pioneering, and taking risks in order to build and support successful micro and SME business models.Its Women’s Economic Empowerment initiative aims to support women in realizing their full economic potential by promoting and facilitating equitable access to financial services, markets and skills, and basic services.
One key component is the women entrepreneurshipBanking (weB) program, developed in partnership with the Structured and Corporate Finance (SCF) division of the IDB, that will provide up to $55 million to develop innovative and inclusive lending models by financial institutions that support the growth of women’s small and medium-sized businesses.
The strategic partnership between the Global Banking Alliance for Women and the MIF complements the weB program perfectly. The partnership will provide an opportunity to unlock new financial services for women in Latin America and the Caribbean, and GBA’s worldwide network will serve as a resource for cutting- edge knowledge on effective and successful business models for women-owned SMEs in the region.
More information at http://women.fomin.org
