21 posts found.
Selected Category: Financial institution
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 […]
Read moreFebruary 16, 2021
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 […]
Read moreNovember 24, 2020
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 […]
Read moreNovember 9, 2020
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 […]
Read moreSeptember 2, 2020
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 […]
Read moreAugust 17, 2020
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 […]
Read moreJuly 1, 2020
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 […]
Read moreMay 14, 2020
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 […]
Read moreJanuary 28, 2020
EDFI partners with the Climate Finance Leadership Initiative to drive climate finance in emerging markets
The Climate Finance Leadership Initiative (CFLI) and the Association of European Development Finance Institutions (EDFI) today announced a partnership that will advance the public-private collaboration vital to closing the climate finance gap in emerging markets. EDFI and the CFLI will engage their members with the aim of building project pipelines, managing risks, and broadening opportunities […]
Read moreSeptember 25, 2019
Finnfund funds microloans for poor women in rural India
Finnish development financier Finnfund will make a EUR 15 million investment in Indian company Annapurna Finance Pvt Ltd, which offers microloans and related financial literacy education, mainly to poor women in rural India. The loan makes it possible for Annapurna to offer its services more widely in India. This is Finnfund’s first project eligible for […]
Read moreJune 27, 2019