Madelein Kulab, Fisherwoman and Tour Boat Operator, Graduate of the Bank of Palestine Mini-MBA Program
What’s New? IFC analyzed its client data over the past four years and found that loans to women-owned SMEs have lower NPLs across countries and over time. Also, watch the discussion about Unleashing the Potential of Women Entrepreneurs through Finance and Markets at the 2019 WBG-IMF Annual Meetings. Last, read the WEOF 5-year progress report for exciting results and impact.
Banking on Women: Women customers present a substantial growth opportunity for pioneering financial institutions. Women own and lead roughly 6.6 million formal SMEs and 39 million micro-businesses in emerging markets, with a total estimated unmet credit demand of $1.7 trillion. IFC’s Banking on Women program provides financing and expertise to an extensive network of financial institutions to help them acquire women-owned SME and retail customers—and profitably finance them.
IFC provides a full range of senior and subordinated debt, Gender Bonds, equity, credit enhancement, and risk-mitigation products to financial institutions which, in turn, provide a suite of financial services to women-owned SMEs.
Through Banking on Women, IFC also helps financial institutions provide high-quality services to women customers, by providing advisory expertise in areas such as customer segmentation strategies and customer support services. Providing value to women customers generates bottom-line value for financial institutions.
The impact of IFC clients in 2020: