{"id":34919,"date":"2017-10-25T13:16:06","date_gmt":"2017-10-25T11:16:06","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=34919"},"modified":"2017-10-25T16:16:30","modified_gmt":"2017-10-25T14:16:30","slug":"statement-on-women-entrepreneurs-finance-initiative-we-fi","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/statement-on-women-entrepreneurs-finance-initiative-we-fi\/","title":{"rendered":"Statement on Women Entrepreneurs Finance Initiative (We-Fi)"},"content":{"rendered":"<p>All over the developing world, women have successfully made it in business. But they are a small group of women \u2014 only 30 percent of formal small and medium enterprises (SMEs) around the world are owned and run by women. Seventy percent of formal women-owned SMEs in developing countries are either shut out of financial institutions or can\u2019t get the capital they need.<\/p>\n<p>This results in a nearly $300 billion annual credit deficit for formal women-owned SMEs. It is nearly impossible to sustain a business without access to capital. Lack of networks, knowledge, and links to high value markets further limit female entrepreneurship in developing countries.<\/p>\n<p>We-Fi intends to change those statistics. Its holistic approach will help women in developing countries gain increased access to the finance, markets, and networks necessary to start and grow a business.<br \/>\nWorld Bank <a href=\"https:\/\/www.w-t-w.org\/en\/women-entrepreneurs-finance-initiative-we-fi\/\" target=\"_blank\" rel=\"noopener\">Statement on Women Entrepreneurs Finance Initiative We-Fi<\/a><\/p>\n<div id=\"attachment_34925\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.w-t-w.org\/en\/statement-on-women-entrepreneurs-finance-initiative-we-fi\/international-women-group-2\/\" target=\"_blank\" rel=\"attachment wp-att-34925 noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-34925\" class=\"size-full wp-image-34925\" src=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/international-women-group-2.jpg\" alt=\"\" width=\"1000\" height=\"648\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/international-women-group-2.jpg 1000w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/international-women-group-2-300x194.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/international-women-group-2-768x498.jpg 768w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/international-women-group-2-463x300.jpg 463w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-34925\" class=\"wp-caption-text\">Liza Donnelly<\/p><\/div>\n<p><b>Notes to Worldbank Editors<\/b><\/p>\n<ul>\n<li>The facility will be established as a Financial Intermediary Fund (FIF) at the Bank, drawing on the Bank\u2019s extensive experience housing such Funds.<\/li>\n<li>The Bank and IFC will be Implementing Partners, as well as other Multilateral Development Banks that would propose private and public sector activities to be supported by the We-Fi facility.<\/li>\n<li>While she helped initiate the idea for the facility and has been a strong advocate for the issue of women\u2019s entrepreneurship, Advisor to the President Ivanka Trump will play no operational or fundraising role in the facility.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>All over the developing world, women have successfully made it in business. But they are a small group of women \u2014 only 30 percent of formal small and medium enterprises (SMEs) around the world are owned and run by women. &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/statement-on-women-entrepreneurs-finance-initiative-we-fi\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-34919","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/comments?post=34919"}],"version-history":[{"count":5,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34919\/revisions"}],"predecessor-version":[{"id":34928,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34919\/revisions\/34928"}],"wp:attachment":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/media?parent=34919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/categories?post=34919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/tags?post=34919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}