Financial giants help women entrepreneurs

The International Finance Corp, Ant Financial Group and the 10,000 Women Project of Goldman Sachs Group Inc recently launched China's first Internet financial loan service for women, to help tackle the financial problems facing small and micro-sized businesses and female entrepreneurs.

The IFC has bankrolled the Ant Micro Loan Project of Ant Financial Group through Goldman Sachs and the IFC Financing Vehicle, making available 500 million yuan ($80.6 million) in loans to female entrepreneurs.

The IFC had invested 1 billion yuan in the Ant Micro Loan Project to help small and micro businesses prior to the launch of the Internet financial loan service for women, which is its first investment in China's Internet finance industry.