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Kenya & Rwanda

Smiling Entrepreneur

Kenya & Rwanda

Second Chance Success

Blended Finance Approaches to Women’s Economic Empowerment

Overview

When women are economically empowered, they re-invest in their families and communities, producing a multiplier effect that’s spurs economic growth and contributes to global peace and stability. Yet, lack of access to finance is one of the major barriers facing women entrepreneurs around the world.

While the women’s access-to-finance gap is well documented, little research exists examining viable approaches that improve access to capital for women entrepreneurs. Without proven approaches, investment funds are unwilling to apply a gender lens to their investments, thereby perpetuating this gap. The Second Chance Success project seeks to identify and test strategies that remove barriers to women entrepreneurs’ access to capital. By sharing the results, best practices and lessons learned from the Second Chance Success pilot, the project can make a critical contribution to the gender lens investing field by demonstrating both the business case for and the efficacy of approaches to finance women entrepreneurs. This, in turn, can build the confidence of investors. Ultimately, greater investor confidence will lead to increased capital flows to women-owned businesses and investment vehicles that employ a gender lens