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15 posts found.

Selected Category: Financial institution

Finnfund and University of Helsinki to invest together into microfinancing in Africa and Asia

Finnfund, a Finnish development financier and impact investor, announce today a EUR 10 million debt facility commitment to the Advans Group, one of the leading international microfinance group serving over one million clients in nine countries: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Cote d’Ivoire, Pakistan, Nigeria, Tunisia, and Myanmar. University of Helsinki participates in […]

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OP Finnfund Global Impact Fund I invests in Sathapana Bank, Cambodia, to accelerate SME growth and women empowerment

OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, invests USD 10 million in Sathapana Bank, one of Cambodia’s largest banks, aiming to accelerate the development of small and medium-sized enterprises (SMEs) and women empowerment. The funding provided by OP Finnfund Global Impact Fund I will allow Sathapana to […]

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We are looking for an Investment Manager to our Financial Institutions team

Finnfund is a Finnish development financier and professional impact investor. We build a sustainable world by investing in responsible and profitable businesses in developing countries. Each year we invest 200–250 million euros in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture, financial institutions and digital infrastructure and solutions. Today Finnfund’s investments and commitments total […]

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Digitalisation, healthcare and climate risk are key topics in inclusive insurance

Ulla-Maija Rantapuska

Last year, Finnfund made its first investment in the insurance sector by providing a USD 7.5 million loan to Softlogic Life Insurance PLC in Sri Lanka. I remember participating the onsite Due Diligence the last week of February 2020 very well, as it turned out to be my last business trip for a while. The […]

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CDC and Finnfund invest in microfinance pioneer to drive women entrepreneurship in Pakistan

CDC Group, the UK’s development finance institution and Finnfund, the Finnish development financier and impact investor, have provided a US$25 million senior unsecured loan facility to Kashf Foundation, one of the leading microfinance institutions in Pakistan. Kashf Foundation promotes female entrepreneurship and has so far enabled more than a million low-income families across Pakistan to […]

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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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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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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 provides US$10 million loan to First National Bank Ghana to strengthen capacity in Ghanaian financial sector

Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of the key objectives of Finnfund’s investment is to support the Ghanaian financial sector and the growth of small and medium-sized enterprises (SMEs), and in particular, foster affordable housing in the […]

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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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