Why are the AfDB, IFC, and ILO supporting women entrepreneurs?
Smaller businesses provide the backbone of economic growth for most economies. This is especially true in the developing world, including Africa, where smaller businesses employ the bulk of the working population. Women own about half of all smaller businesses in Kenya, but they tend to grow less than businesses run by men. This is because women often lack the training and support they need to succeed. The GOWE Program is providing women with the tools they need to grow their businesses. Do Businesses Have to Repay the Financing They Receive? Yes. Funding obtained through the GOWE Program is a loan and must be repaid. The GOWE Program provides 50 percent of required security so that women-owned businesses can access larger loans, which are provided by partner banks. Does the GOWE Program work with start-up businesses? No. The GOWE Program only works with businesses with at least two year’s operations. Does the GOWE Program finance women’s associations? No. The GOWE Program provides par
