International Development Grant
Innovative Finance For Ethiopian Women Entrepreneurs (IF-WE)
Project Number: CA-3-D004818001
Status: Operational
Country/Region:
Maximum Contribution: $16,000,000.00
Start Date: March 29, 2019
End Date: April 01, 2024
Duration: 5.0 years
Project Description
This project aims to create an improved discriminatory free and supportive environment in which Ethiopian women's businesses thrive. Project activities include: (1) designing and providing business support services that build women entrepreneurs social and emotional skills. This includes confidence decision-making leadership and negotiation; (2) designing and providing gender-sensitive business support services to generate more opportunities for women entrepreneurs in Ethiopia to link to customers and suppliers; and (3) designing and assisting banks in rolling out financial products (e.g. credit savings insurance and payments products) that serve female entrepreneurs unique needs. The project is implemented in five regions across Ethiopia and aims to benefit 25 000 women.
Expected Results
The expected outcomes of this project include: (1) increased decision-making control over resources and leadership by women entrepreneurs in Ethiopia; (2) increased provision of innovative financial services and products by financial institutions that address the gender-based discriminatory barriers for Ethiopian women entrepreneurs; and (3) increased gender-responsive policymaking and resource allocation by government donor and private firms to effectively support women entrepreneur's livelihood activities in Ethiopia.
Progress & Results Achieved
Results achieved as of March 2024 include: (1) provided business support services to 7 443 Ethiopian women entrepreneurs targeting key barriers they face; (2) formed 11 partnerships with financial institutions to develop innovative financial services targeting Ethiopian women entrepreneurs; (3) tested 10 innovative evidence-based products and services under the Innovative Finance for Women Entrepreneurs (IFWE) project; and (4) the World Bank published 16 publications describing findings from the IFWE project.
Key Information
Executing Agency:
IBRD Trust Funds - World Bank
Reporting Organization:
Global Affairs Canada
Program:
WGM Africa
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Department-Initiated