Financing under the Women in Business programme, co-funded by the EU in the Eastern Neighbourhood, has now topped the €500 million mark.
The programme is implemented by the European Bank for Reconstruction and Development (EBRD) to help women-led small and medium-sized enterprises (SMEs) access the finance and the know-how they need to grow.
Less than four year since its launch in 2015, the initiative has provided a total of €506 million in credit lines to more than 60,000 women-led small and medium-sized companies in 18 countries, including Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine.
In addition, the programme offers mentoring and networking opportunities as well as training and business advice in operational efficiency, strategy, financial management and others. The EBRD also offers the online self-diagnostic tool Business Lens, helping women entrepreneurs identify the strengths and opportunities within their businesses.
The EU support to the programme is implemented through its EU4Business initiative.
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