27 posts found.
Selected Category: Asia
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 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
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 […]
Read moreMarch 31, 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
SDG 13: the number one priority of Asia Biogas
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 […]
Read moreNovember 1, 2019
Finnfund invests in financial services technology platform Jumo
Finnfund, a Finnish development finance company, has made an investment in Jumo, a financial services platform providing mobile financial services in emerging markets. JUMO is a multi-sided platform for Mobile Network Operators and Financial Service Providers. To date, JUMO has served over 5 million people in Africa and Asia using behavioural data from mobile usage. […]
Read moreNovember 1, 2017