BOPA Pte. Ltd.

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In brief

In Asia, BOPA invests in regulated small (Tier 2 and 3) microfinance institutions (MFI). The MFIs target underserved population who would not have otherwise access to financial services. Many of the MFIs’ clientele are female entrepreneurs and rural populations. BOPA emphasises the balance between delivering financial returns and solid social impact. Finnfund made an equity investment of USD 3 million in BOPA in June 2017. BOPA seeks to invest in MFIs where it sees potential to develop the institution through good corporate governance, funding and efficient IT solutions to become a leading sustainable and socially responsible MFI in its region. The goal is to shape strong and responsible microfinance institutions in Asia that will grow to reach over 1 million clients by 2025. Finnfund made an additional equity investment of USD 1.5 million to help BOPA expand. BOPA seeks to invest in MFIs where it sees potential to develop the institution through good corporate governance, funding and efficient IT solutions to become a leading sustainable and socially responsible MFI in its region. The goal is to shape strong and responsible microfinance institutions in Asia that will grow to reach over 1 million clients by 2025.

Main development impact

The development of the financial sector promotes economic growth. Financial inclusion also provides poor people with better access to regulated financial services. BOPA’s portfolio MFIs are Tier 2 and 3 institutions offering very small loans (app. USD 200) to the most vulnerable groups like women and rural populations. Providing loans to female entrepreneurs contributes to women’s empowerment and creates opportunities to build a better life for their families. Financing micro and small enterprises generates jobs and tax revenue. BOPA also aims to generate impact through active equity participation and involvement in the corporate governance of the institutions it invests in. BOPA emphasises the balance between delivering financial returns and solid social impact. BOPA’s portfolio companies paid taxes of USD 589,000 in 2017. In 2017, the number of portfolio company employees grew from 1,440 to 1,666, of which 746 were female.

Investment details

Name: BOPA Pte. Ltd.
Project number: 80000028
Region: Asia
Country: Asia
Sector: Financial institution
Signing date (month/year): May 2017
Currency: USD
Finnfund's financing (commitment): 3,000,000
Size of the project financing: USD 6,900,000
Share of Finnfund's financing (%): 43 %
Status: Active
Website: http://www.bopa-microfinance.com/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
BOPA Pte. Ltd. Asia March 2020 USD 5,000,000 Equity
BOPA Pte. Ltd. Asia August 2018 USD 1,500,000
May

Key facts

Name:

BOPA Pte. Ltd.

Sector:

Financial institution

Region:

Asia

Country:

Asia

Currency:

USD

Finnfund's financing (commitment):

3,000,000

Signing date (month/year):

May 2017

Last update:

May 2019