Project profile — Innovative Finance For Ethiopian Women Entrepreneurs (IF WE)



Overview 

CA-3-D004818001
$16,000,000
IBRD Trust Funds - World Bank (44001)
2019-03-29 - 2024-04-01
Operational
Global Affairs Canada
WGM Africa

Country / region 

• Ethiopia (100.00%)

Sector 

• Formal sector financial intermediaries:
Formal sector financial intermediaries (24030) (10.00%)
Education/training in banking and financial services (24081) (30.00%)
• Business And Other Services: Business support services and institutions (25010) (30.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (30.00%)

Policy marker 

• Gender equality (principal objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (significant objective)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (significant objective)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

In Ethiopia, despite the economy growing at a rapid pace, women are employed more in the informal sector, have much higher rates of unemployment, and are paid less than men for the same jobs. Taking a feminist approach and building on proven results, this project addresses the social, financial and business challenges that prevent Ethiopian women from obtaining the financial and technical support needed to run successful businesses. The project aims to develop and test the impacts of experimental approaches to women’s economic empowerment. The project is implemented in five regions across Ethiopia and aims to benefit 25,000 women. The project’s impact is to empower women to have greater influence and leadership in the business sector.

Expected results 

The expected outcomes for this project include: (1) increased decision-making, control over resources, and leadership by women entrepreneurs in Ethiopia; (2) new, creative options provided by banks to increase women entrepreneurs’ access to finance; and (3) more effective programs and policies that directly address the challenges and barriers faced by women entrepreneurs, delivered and funded by governments, donors and private companies.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $2,375,000
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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