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11 posts found.

Selected Category: Asia

Finnfund continues to drive financial inclusion by investing in Myanmar’s microfinance sector

Finnfund makes a 5.5 million USD senior loan investment in Early Dawn Microfinance Co., Ltd. (DAWN), the third largest microfinance company in Myanmar in terms of client outreach. The financing will support DAWN’s expansion in underserved townships and peri-urban areas. DAWN started as a Save the Children Myanmar Microfinance Program in 2002 and has since […]

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OP Finnfund Global Impact Fund I to join a financing package to improve broadband access in rural Indonesia

OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has contributed USD 12.5 million to foster the work of Net1 Indonesia in bringing internet connectivity to underserviced areas in the fourth most populous country in the world. OP Finnfund Global Impact Fund I joins a group of investors, led […]

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Finnfund to participate a European financing package to support COVID-19 impacted businesses

Finnfund, a Finnish development financier and impact investor, invests EUR 10 million in a financing scheme of eleven members of EDFI, the Association of European Development Finance Institutions, and the European Investment Bank (EIB) to reduce negative impacts of the COVID-19 pandemic on economy and employment in developing countries. The financing package of EUR 280 […]

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Fortum partners with Finnfund to speed up charging infrastructure development and growth in India

To bolster growth for electric vehicles (EV) charging infrastructure in India, Fortum signed an agreement whereby Finnfund, a Finnish development financier and professional impact investor, will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge and Drive India Private Limited (FCDIPL). FCDIPL is a fast-growing e-mobility infrastructure provider, owning more […]

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Finnfund invests USD 7.5 million to strengthen the insurance coverage in Sri Lanka

Finnfund makes its first investment in the insurance sector by providing a USD 7.5 million loan to Softlogic Life Insurance PLC in Sri Lanka. The innovative and dynamic company is pioneering inclusive life and health insurance solutions in Sri Lanka and has today over half million low- and mid-income customers. By offering affordable insurance to […]

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Finnfund invests in Proximity Finance to help reach more smallholder farmers in Myanmar

Proximity Finance, Myanmar’s first farmer-focused finance institution, signs a 14 million US dollar equity package with Finnfund, Nordic Microfinance Initiative (NMI) and Proparco. Proximity Finance was launched in 2010 as the microfinance arm of Proximity Designs, one of the largest agricultural services platforms in Myanmar, that provides farm technology, agronomy advice and financial services to […]

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BOPA accelerates financial inclusion and female leadership in Asia

Access to financial services in developing countries is scarce, and it hampers the ability for people to improve their livelihood. Backed financially by Finnfund and IFU, BOPA is funding and developing microfinance institutions in Asia and has recently joined the 2X Challenge, a G7/DFI initiative to mobilise financing for women’s empowerment. Creating financial inclusion is […]

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Nafoods in Vietnam accelerates production plans with a 5 million USD investment from Finnfund

Nafoods Group and Finnfund have signed a 6 year, 5 million USD senior secured loan facility. Nafoods will use the loan proceeds for a new value-added products processing facility at its Long An factory, including 150MT monthly processing capacity for soft dried sugar and non-sugar tropical fruits and up to an additional 150 MT production […]

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Financial service providers boost women’s careers and entrepreneurship

Finnfund invests 10 million euros in the Advans Group, an international microfinance group, and 10 million US dollars in Bank of Georgia, leading universal bank in Georgia. Both investments strengthen women’s financial and economic position, and qualify for the 2X Challenge, a G7 initiative to mobilise financing for women’s empowerment. Since 2018, the 2X Challenge […]

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SDG 13: the number one priority of Asia Biogas

Des Godson

Climate Action – Sustainable Development Goal 13 – is the number one priority of Asia Biogas, a partner of Finnfund in Southeast Asia.  For us, it is the most important goal because failure to take radical climate action will make it impossible to achieve or sustain progress on the other 16 Goals. In the tropical […]

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