WE Finance Code Inception Report

INTRODUCTION

Wendy Teleki, Head, We-Fi Secretariat

The WE Finance Code:

A unified framework to support women entrepreneurs

Key Milestones

of the WE Finance Code

The First Year at a Glance:

Progress and Partnerships

29
Pilot Countries

Our 29 pilot countries are at different stages of Implementation of the Code, most of them already onboarding FSP signatories to their National Code.

250
FSP Signatories

Global Outreach

The Flexible Framework of the Code

Good Practices From the Community

The Flexible Framework of the Code

Good Practices From the Community

Identify Champions

Pakistan: Leveraging the Code to Complement National Policies
Pakistan offers an encouraging example of how countries can begin aligning the WE Finance Code with existing policy frameworks-even without direct We-Fi funding.
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Build a National Coalition

Montenegro: Early Stakeholder Engagement
Montenegro’s experience underscores how early and proactive stakeholder engagement can serve as a foundation for broad-based support and successful Code implementation.
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Customize Code to National Context

Dominican Republic: Aligning Definitions
The Dominican Republic stands out as a leading example, having successfully aligned its WSME definition with both national MSME classifications and the WE Finance Code’s guardrails.
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Launch Code & Take Action

Nigeria: Recruiting a wide range of signatories by signaling the Code is a priority
With 92 signatories to date – including a diverse range of institutions such as Commercial Banks, Microfinance Institutions, FinTechs, Development Partners, Financial Inclusion Enablers and Government Agencies – Nigeria presents valuable insights for other countries on how to effectively recruit financial service providers.
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Track & Accelerate Progress

Madagascar: FSPs Commit to Expand Financing for Women-Led Enterprises
Madagascar stands out as a compelling example of how financial service providers can move swiftly from onboarding to the Code to committing to concrete action.
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