ILO and International Bank of Somalia Provide Financial Services to Women Business Owners

ILO is collaborating with the International Bank of Somalia (IBS) to design financial services and banking products for entrepreneurs. ILO is supporting IBS loan officers, in developing business mentoring skills to assist the development of businesses especially to women entrepreneurs. Increasing women’s access to microfinance has wide-ranging benefits, not just for their well-being but also for the welfare of their families, the communities in which they live and for society at large.



In addition, the bank is providing the following services:

• Support to group formation.
• Promotion of networking, relationship and collaboration between the clients as well as IBS microfinance team.
• Facilitates and support for women entrepreneurs to develop their businesses activity and give them successful consultations on how to sustain their business’s improvements and financial management.
• Access to loans