IFC, a member of the World Bank Group, is providing a syndicated loan of $50 million to ACLEDA Bank Plc. to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises. With this funding, ACLEDA Bank Plc. aims to increase its outstanding portfolio of loans to women-owned enterprises to more than $1.5 billion by 2019, according to IFC. The loan is part of the Women Entrepreneurs Opportunity Facility, a new global facility dedicated to expanding access to capital for women entrepreneurs. The WEOF was launched by IFC’s Banking on Women program and Goldman Sachs 10,000 Women in 2014. The facility aims to help close the credit gap for women-owned enterprises around the world.