The Women Entrepreneurship Finance Initiative (We-Fi), currently being administered by the World Bank, is an innovative partnership with the mission of unlocking financing for women-owned/led businesses in developing countries. Comprising the We-Fi partnership include:
- 14 donor governments.
- Six multilateral development banks as implementing partners.
- Numerous other stakeholders in the public and private sector around the world.
Designated by We-Fi as one of its implementing partners on the BRAVE Women project, the IsDB is a multilateral bank working to serve its key stakeholders by promoting social and economic development in its member countries and Muslim communities worldwide delivering impact at scale.
The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest, and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. With the Government of the Federal Republic of Nigeria (represented by the Federal Ministry of Finance) signing the agreement with the Islamic development bank to implement a BRAVE Women Project in Nigeria, the Bank of Industry was designated as the local implementing agency project in Nigeria.
Local Partner Banks
The BRAVE Women project will be working with the following banks in Nigeria to implement the project:
- Jaiz Bank
- Sun Trust Bank
- Wema Bank