FUNDING
EXPECTED IMPACT
Catalyze $147m in financing to WSMEs
Reach 9,882 women entrepreneurs
TIMELINE
Round II: 2019 to 2029
Round III: 2020 to 2030
6 COUNTRIES
Egypt, Kyrgyz Republic, Mongolia, Morocco, Tajikistan, and Uzbekistan.
Round II: Women in Business Program in Central Asia (Women of the Steppe)
This program supports Central Asian women in business in the Kyrgyz Republic, Mongolia, Tajikistan, and Uzbekistan. It takes a holistic approach to breaking down demand-side, supply-side, and business environment constraints that women entrepreneurs face in accessing finance. The EBRD seeks to maximize impact by providing a unique mix of financing, advisory services, and initiating policy dialogue to create lasting systemic change. Women of the Steppe comprises of the following components:
1. Increasing WSMEs’ access to finance by providing dedicated financing for WSMEs, utilizing risk mitigation instruments to promote increased lending to WSMEs, and providing technical assistance to financial institutions to increase their understanding of WSMEs and improve their offerings to the segment.
2. Building networks and increasing access to know-how for WSMEs through tailored advisory services, training, mentoring, and coaching. This will also strengthen their entrepreneurial skills, performance, access to markets and competitiveness, and financial literacy.
3. Supporting policy reform and advocacy to contribute to creating a supportive ecosystem for women’s entrepreneurship. This includes regulatory and legal reforms, awareness raising, and capacity building of critical state and non-state actors on gender-supportive policy.
Round III: Stepping Up for Women
This program represents a comprehensive market-based approach to promoting near-term crisis response and economic recovery and building medium-term resilience and economic opportunities for women entrepreneurs. The program has been designed to offer incentives to key market and policy stakeholders to adopt sustainable and equitable practices that benefit WSMEs and help close the gender gap. Activities include the following:
1. Fostering gender-inclusive supply chains by extending outcome-based loans to regional and local aggregators with targets linked to gender and providing them with capacity building and technical assistance. Efforts also include improving WSMEs access to know-how that strengthens their capacity as suppliers.
2. Bridging the digital divide for women in business by developing and adapting a range of advisory tools for digital delivery and by supporting women entrepreneurs in Uzbekistan to better leverage digital technologies.
3. Leveraging data to support women’s financial inclusion by establishing sex-disaggregated national databases, with a focus on Egypt and Morocco.
Round V: WE Finance Code Pilots
The overall objective of these proposals is to build the buy-in and capacity of regulators, financial institutions (FI) and other ecosystem players to close the gender financing gap by establishing country-level WE Finance Codes and significantly scaling up commitments to, and production of, sex-disaggregated SME data (SDD) across the region. The three pilot projects include:
1. Central Asia: Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan, and Uzbekistan
2. Egypt and Morocco
3. Western Balkans: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia
Round VI: WE.Care
This project aims to build the buy-in and capacity of financial institutions, SME care providers and other ecosystem players to increase access to finance to women-led small and medium-sized enterprises (“WSMEs”) in the care economy. Its objectives include:
1. Mobilising financial institutions to scale financing for care-focused WSMEs by improving their understanding of care business models and promoting their entry into this segment at scale.
2. Strengthening the bankability, competitiveness, and growth potential of WSME care businesses through targeted capacity building.
3. Catalysing regulatory and policy changes, fostering coalitions, and promoting demand for care services that to enhance access to finance and women’s entrepreneurship in care.
HIGHLIGHTED PROJECTS
RECENT UPDATES
Program Contact
Michelle Stone (StoneM[at]ebrd.com)
