STEP 3A

To enable Code participation, the National Coalition establishes guidelines and documentation that potential participants must complete to join the Code. To codify decisions on the national program and finalize its design, it is recommended that the National Coordinator draft, and the National Coalition approve the details in a National Code Charter. ​

The centerpiece is the letter of commitment, which participants sign to formalize their endorsement of the Code’s goals and their commitments to leadership, action, and data. The Code’s global commitment letter templates for FSP-Commitment and Ecosystem-Commitment can be adapted for local contexts. Their Code commitments are the same, except that FSPs are required to track core indicators, whereas ecosystem partners are asked to do what they can to support the collection, analysis, and use of data on WMSMEs. It is preferable that the commitment language remain simple and consistent across countries. ​The language should be accompanied by guidance that explains how to sign onto the Code and a menu of the types of activities that would be suitable in the pilot country for each of the three activity types (leadership, data, action). 

WE Finance Code Commitment​

“[Organization] endorses the Code and works towards the goal of eliminating constraints and financing gaps for women entrepreneurs. [Organization] commits to:​

  • Leadership:  Designate a senior leader to champion the organization’s efforts to support women-led businesses​
  • Actions:  Expand and introduce additional measures that will support women entrepreneurs.​
  • Data: a) for FSPs: Track a commonly agreed set of indicators on financing to W-MSMEs or b) for other signatories: Work to expand the availability and use of supply-side data on the level of financing provided to W-MSMEs​

[Organization] will report on these commitments and indicators after a grace period for inclusion in the Global WE Finance Code annual reports.”