May 26, 2023
The Women Entrepreneurs Finance Initiative (We-Fi) is pleased to announce its fifth call for proposals. Up to USD 10 million of financing is available for this call.
Established in 2017 with funding from 14 donor governments, We-Fi is a global partnership that supports women entrepreneurs in developing countries by scaling up access to finance, building capacity, expanding networks, and providing market opportunities. To enable We-Fi to drive systemic change and increase financing to women entrepreneurs, this call for proposals will be for WE Finance Code pilots.
The WE Finance Code is a multi-stakeholder effort which aims to accelerate gender-lens financing for women entrepreneurs and create a permanent shift in how women-led businesses are perceived, supported, and financed globally. It aims to leverage champions, data and public commitments to create incentives for action and focus attention and resources on creating more financial sector data that can be disaggregated to better understand and eliminate gender bias and expand finance for women-led businesses. Additional information on the WE Finance Code can be found in the Concept Note and Proposal Template and Guidelines document.
We-Fi welcomes proposals from its Implementing Partners with a minimum threshold for a funding request is USD 0.5 million per proposal.
The following accredited multilateral development banks (MDBs) are We-Fi Implementing Partners and are eligible to apply for We-Fi funding under this Fifth Call for Proposals: African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, IDB Invest, International Finance Corporation, Islamic Development Bank Group, and World Bank (the International Bank for Reconstruction and Development and the International Development Association).
Final proposals must be received by 23:59 EST on July 7, 2023.
Allocation decisions will be made by the We-Fi Governing Committee (GC) based on the strength of the proposal, keeping in mind the overall composition of the portfolio that is most likely to achieve the overall goals of the We-Fi.