Malayan Insurance Company Inc. (MICO), in partnership with IFC, a member of the World Bank Group, has made a program specifically designed for the Filipina available to the Philippine insurance market called We Women.
Malayan Insurance and IFC partnered in 2018 with support from the Women Entrepreneurs Finance Initiative (We-Fi) to increase women’s access to risk mitigation and financial protection solutions in the Philippines. We-Fi invests in programs and projects that help unlock financing to address barriers facing women entrepreneurs.
“More and more Filipina women professionals and entrepreneurs are gaining the capacity to acquire hard-earned assets, which need to be protected. We are pleased to support Malayan Insurance in developing a program that will further empower women, educate them on asset protection and provide solutions tailored to their needs and challenges.” Yuan Xu, IFC Country Manager for the Philippines, said.
“Starting and growing a business is one of the most powerful tools for women to build a better future for themselves and their communities. Yet we know that women are particularly sensitive to business risks that have the potential to spill over to their personal lives. We are delighted that by supporting this program We-Fi can help break down this key barrier and enable more women to thrive as entrepreneurs,” said Wendy Teleki, head of the We-Fi Secretariat at the program launch in Manila.
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