Impact

Responsible companies play an important role in solving major global challenges such as poverty, inequality, and climate change and biodiversity loss.

Investing in impact

Finnfund’s mission as a development financier and impact investor is to build a sustainable future and to generate a lasting impact by investing in businesses that solve global development challenges with Finnish added value.

Responsible companies play an important role in solving major global challenges such as poverty, inequality, climate change, and biodiversity loss, and in meeting the Sustainable Development Goals (SDGs) by 2030.

Using our leverage as a financier, we encourage our investees to constantly improve their sustainability practices towards people, the environment, and society.

Finnfund's forestry investments requestered 301,000 tCO₂e and avoided 126,000 tCO₂e of emissions (2024)

Supported jobs by Finnfund investees 291,000 of which 38% are for women (2024)

Finnfund had 188 investment decision in 85 countries (2025)

We mobilise funding

Many projects that have a significant development impact would never take off without long-term financing provided by Finnfund and other development financiers. Finnfund’s funding is often catalytic because it helps projects to raise additional commercial financing.

We also strive to mobilise funding to enhance sustainable development and climate actions in developing countries. Increasing the share of private funding in our funding base is also one of our strategic goals.

“Our mandate and strategy put impact and sustainability at the very core of our investment operations."

Towards Sustainable Development Goals

In 2015, the UN Member States agreed to achieve the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs) by 2030. From the very beginning it has been clear that companies need to be involved; it is estimated that developing countries will require fresh investments worth up to USD 4,000 billion. Finnfund is one of the Finnish government’s instruments for mobilising such funding.

It is also clear that companies alone cannot resolve all development challenges; different types of actions and actors are needed.

This picture shows examples of how Finnfund’s investments promote the achievement of the 17 sustainable development goals.

News

Government proposes new Finnfund Act

The Government will submit a proposal to Parliament for a new act on Finnfund,…

Finnfund economist Tangeni Shatiwa: “India’s growth, green transition and digitalisation offer significant opportunities for impact investors and Finnish companies”

India’s economy is growing strongly. At the same time, private investment is picking up,…

CFO Insights into Q2 2026

The first half of 2026 was characterised by strong portfolio growth. The portfolio reached…

Aravest raises additional capital from Finnfund to support August Energy’s growth across Southeast Asia and India

Finnfund commits USD 15 million to Aravest-managed investment vehicle, providing follow-on growth capital for…
woman holding a file with EVF logo.

Finnfund signs senior loan agreement with EVF to support women-led businesses and green transition in Vietnam

Finnfund has signed a senior loan agreement of USD 15 million with EVF General…
solar panels in colombia

Finnfund and Proparco invest USD 33 million in ERCO to accelerate Colombia’s clean energy transition with support from the European Union

Finnfund, a Finnish impact investor, and Proparco, France’s development finance institution, complemented with a…

Risk management does not reduce impact – it makes impact possible

When people hear the term risk management, they often imagine someone whose job is…

Independent evaluation: “Finnfund and Finnpartnership are key instruments for advancing Finland’s international objectives”

Impact investor Finnfund and the Finnpartnership programme are key instruments for implementing Finland’s development…

What drives successful impact management? Insights from Finnfund’s OPIM verification

A key question in impact investing is how to manage impact effectively in practice.…
people sorting nuts

Finnfund joins USD 600 million sustainability-linked financing for ETG

Finnfund is participating in a USD 600 million sustainability-linked loan facility for ETG, alongside…

Impact stories

Impact stories

CREI and MTN South Sudan: Driving connectivity through partnership in South Sudan

South Sudan has one of the lowest rates of mobile access and connectivity globally,…

Opening doors to finance: Oasis helps first‑time borrowers grow their businesses in Uzbekistan

As the largest market with a population of 36 million in Central Asia, establishing…
Everyday Supermarket aisle

Uhuru Growth Fund I: Enhancing impact in West Africa through an added value approach

In 2021, Finnfund invested 10 million US dollars in Uhuru Growth Fund I (UGF…
Person inspecting the oxygen containers

Case: Hewatele’s medical liquid oxygen plant will revolutionise Kenya’s public healthcare

Funded by Finnfund and other international investors, the first modern medical liquid oxygen plant…

Case: Bridging the digital divide in South Africa

Nokia Director Toni Pellegrino, South Africa: “Finnish technology and knowledge will make a big…
Kuvassa Esther Mwakali, Penda Healthin aluepäällikkö

Case: “I never knew I was a natural born leader” – Penda Health saw something special in Esther Mwikali

Esther Mwikali joined Penda Health in 2015 with previous experience from a hospital in…
Kuvassa Zhanna Zhakupova

Case: Accelerating female leadership in Asia

Determined to be a leader Zhanna Zhakupova is the Executive Director of Microfinance Organization…

Case: At Penda Health, career paths are open for everyone

When Finnfund assesses the gender equality in the portfolio companies, Penda Health always stands…
Two paramedics carrying a patient to an ambulance

Case: CIM Santé Group: Developing the private healthcare sector in Morocco

In Morocco, the resources of the current healthcare system remain limited, in view of…
Employee of EthioChicken working in a hen house and holding and egg carton

Case: EthioChicken – Improving food security and quality of life in the midst of turmoil

EthioChicken: Improving food security and quality of life in the midst of turmoil “I…
Person using a sewing machine and a child standing behind the person

Case: JUMO brings financial services to mobile users

“Poor access to basic saving and loan facilities is a major problem” How can…
View of the nursery of MLR Forestal

Case: MLR Forestal – Sustainable agroforestry in Nicaragua

“This is an amazing hot spot for biodiversity,” summarises Harold Gordillo, Environmental and Social…

Case: Miro Forestry leads the way for sustainable FSC certified plantation forestry in West Africa

Ghana’s forest could be exhausted by 2030 “Over the last 100 years the forestry…
Oasis

Case: Oasis Credit is the first international micro and small business lender in Uzbekistan

“A chance to promote financial inclusion” In 2021, Finnfund decided to join forces with…
KVTC worker leaning against a tree in a forest

Case: Planting forest 650 hectares per year

In most parts of Africa forestry is synonomous to the destruction of natural forests.…

Case: Sanergy – Circular economy in Nairobi, fertiliser and feed from latrine waste

In July 2018, water and sanitation experts from the Kenyan state and public sector…
Naiset työskentelevät omenoiden käsittelylinjastolla

Case: Silverlands – Better harvests and income for small-scale farmers

Better farming practices and buyers for harvests African agriculture consists predominantly of small-scale farmers…
three persons sitting down at the porch

Case: The New Forests Company – Social survey provided valuable feedback from tree out-growers

Is the company’s impact on your community more positive or negative? What is your…

Case: Twiga connects merchants and food production

A heartily smiling Naomi Wambui, 74, sits on the steps of an apartment building,…
Landscape view of a large solar panels

Case: Valle Solar – Clean solar energy in rural Honduras

Solar energy replaces imported oil and creates jobs Clean electricity for nearly half a…
Photo of group of women with Purvi Bhavsar

Case: Women leadership in microfinance

Purvi Bhavsar is the Co-Founder and Managing Director of Pahal Financial Services Private Limited,…
Man feeding fish from a boat. Throwing food to the water.

Case: Yalelo – Voices of the employees – piloting a video survey in Zambia

“I think one if the most neglected aspects in many companies is understanding where…