EU4Business - EBRD Women in Business Programme in the Eastern Partnership

EU4Business

Project duration

2015-2022

Budget

€43.4 million ( EU Investment: €5.04 million )

Implementing Partners

EBRD
Women in Business
Women in Business

Brief Description

The programme aims to raise the issue of women’s entrepreneurship in broader development plans. With women entrepreneurs concentrated in lower value-added sectors of the economy (typically in services), and women-led SMEs in Eastern Partnership (EaP) countries often confined to the informal sector of the economy, access to finance through formal institutions is a key challenge for women-led businesses in the region. The programme aims to improve access to finance for women-led SMEs, as well as supporting the development of business know-how through advisory services and training.

Countries covered: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine

Objectives

To promote women’s entrepreneurship and, more broadly, women’s participation in business by supporting women-led enterprises with access to funding, as well as providing business advisory services to women-led SMEs.

Actions in brief

  • Supporting women’s SMEs in accessing finance for their sustainable growth and job creation
  • Developing sustainable financial products suitable specifically for women-led SMEs
  • Assisting women’s SMEs to access advice and know-how.
  • Training in key entrepreneurial skills
  • Mentoring and networking seminars

From 2015 till mid-2017, more than €36.3 million has been provided to six partner banks in the region under the Women in Business programme. More than 576 women have also benefited from access to know-how, including through 246 advisory projects in the region.

Yulia Alekseeva
Yulia Alekseeva's travel company launched a new website with the help of the Women in Business programme, resulting in a 25% increase in online sales. The number of employees has also risen by 40%, including a new web content manager and a large majority of women. Full story

 

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