Goldman Sachs provides seed funding for women entrepreneurs

lape soetan

Goldman Sachs, which created its 10,000 women initiative some time ago to provide business training for women, has in conjunction with the World Bank launched a new venture called Women Entrepreneurs Opportunity Facility to help provide funding for women entrepreneurs.  Goldman Sachs provided a seed fund of $50 million and intends to help the World Bank raise $600 million for the venture.  The initiative realises that female entrepreneurs have more difficulty in attracting credit to grow their businesses and hopes to bridge that gap with this new fund.  Details on this new Goldman Sachs program for women can be found here.


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