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IFC Boosts Financial Access for Women-owned SMEs in Ecuador with Loan to Banco Pichincha

bancopichincha

IFC, a member of the World Bank Group, strengthened its support to Ecuador’s women-owned small and medium sized enterprises (SMEs) with a new US$55 million loan to Banco Pichincha, a bank that strives to sharply boost its lending to women entrepreneurs.

The loan consists of US$20 million from IFC and US$15 million from the Women Entrepreneurs Debt Fund, a private investment fund managed by IFC Asset Management Company. The Fund is part of Goldman Sachs 10,000 Women and International Finance Corporation’s (IFC) Women Entrepreneurs Opportunity Facility, a partnership to increase access to capital for women entrepreneurs, according to IFC.

For more on this story visit the following link: IFC Boosts Financial Access for Women-owned SMEs in Ecuador with Loan to Banco Pichincha

Source: The Financial

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