Financial Innovations to improve financing for women entrepreneurs:
The cases of Banco Estado in Chile and FIRA in Mexico
Wednesday March 11, 10 EST Time
Latin America and the Caribbean has the highest percentage of self-employed women in the world and women-led companies account for one-third of all companies in the region. However, women and their companies face several barriers and restrictions for accessing finance, a situation that has worsened in the context of the COVID-19 pandemic. The objective of this event is to showcase two success stories in innovations to improve financing for women entrepreneurs: Banco Estado’s “Crece Mujer” program in Chile, and Mexico’s first gender bond, issued by the National Development Bank FIRA on the country’s Institutional Stock Exchange, to increase the funding available for women’s projects in rural areas.