ImpactAlpha, October 3 – Investing in Latin America’s female entrepreneurs is a $98 billion opportunity.
U.S. development finance institution OPIC and IDB Invest, a private financing arm of the Inter-American Development Bank, are forming Fund Mujer to “narrow the gender financing gap” in Latin America and the Caribbean.
The fund will invest in female entrepreneurs, women- led companies, and firms creating jobs and products for women. The fund is expected to be structured as 70% equity and 30% debt.
The partners have not disclosed how much they each are putting into the fund. OPIC’s commitment is part of its $350 million 2X Initiative, which it launched earlier this year to mobilize $1 billion for women-focused projects in emerging markets.