The Women Entrepreneurs Opportunity Facility is the first of its kind to be dedicated exclusively to financing women-owned small and medium businesses in developing countries. IFC will invest an initial $100 million and the Goldman Sachs Foundation will provide $32 million. IFC will manage the facility, which is expected to mobilize up to an additional $468 million from public and private investors.
This is great news for women all over the world. Especially if the facility will have a provision to fund women-focused micro-finance institutions that can write checks smaller than $250,000. I suspect women-owned businesses that really need the capital infusion will be those that have out-grown traditional micro-finance, but are too small for traditional investment financing.
via IFC Home.