YES BANK has entered in a memorandum of understanding with International Finance Corporation which will avail YES BANK $ 50 million from IFC to be used exclusively to lend women-owned businesses. The significant co-financing agreement, launched by IFC and Goldman Sachs 10,000 Women, is part of the Women Entrepreneurs Opportunity Facility (WEOF), a global facility dedicated to expanding access to capital for approximately 100,000 women entrepreneurs. Utilising the fund, YES BANK aims to support women in all 29 states and 7 union territories in India, thereby playing a pivotal role in strengthening the entrepreneurial ecosystem for women and directly impacting livelihoods. YES BANK expects the partnership with global institutions such as IFC and Goldman Sachs 10,000 Women will expand access to finance to unbanked and under-served populations and achieve its vision of Responsible Banking.
