Investing in the Power of Women
Since its launch in 2008, our firm’s 10,000 Women program has helped female entrepreneurs in underserved countries around the world create new economic opportunities for themselves and their communities. Now, thanks to a new partnership between Goldman Sachs and the Government of Denmark, qualified graduates of the 10,000 Women program will get access to the funding they need to grow their businesses.
The project will begin with a pilot program in Tanzania, where the Danish government will provide loan guarantees and will help develop sustainable, low-cost banking products. The program will also include graduates of selected programs offered by the U.S. State Department, which will assist in identifying potential recipients.
“The evidence is indisputable: women entrepreneurs and women-owned businesses make significant contributions to a country’s economic development and overcoming poverty,” said Robert B. Zoellick, President of the World Bank Group, speaking at the partnership’s launch. He added, “Too often, women entrepreneurs have limited access to finance, hampering the growth of their businesses. Initiatives such as this public-private partnership help unleash the potential of women entrepreneurs and will make a real difference in the lives of women and their families in developing countries.”
Learn more about our 10,000 Women program