23 posts found.
Selected Category: Financial institution
Finnfund and Swedfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy
Finnfund and Swedfund complete their first direct investment within the Nepalese banking sector by providing a loan of 10 million US dollar each to Siddhartha Bank. The proceeds of the investment will be used to support the growth of micro, small and medium enterprises (MSMEs), agriculture and agribusiness, and the development of the hydropower sector […]
Read moreOctober 21, 2024
OP Finnfund Global Impact Fund I invests in the insurance sector to strengthen resilience in the Philippines
Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines Inc. (“MAAGAP”) from MAA Group Berhad. The consortium of investors also include the International Finance Corporation (IFC), the German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, Belgian Investment Company for Developing […]
Read moreMay 6, 2024
BII and Finnfund continue their support to women-led micro-enterprises in Pakistan through Kashf Foundation
Today, both British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund announced their continuing support to Kashf Foundation (Kashf), one of the leading microfinance institutions in Pakistan. BII has committed $15 million US dollars while Finnfund has committed $10 million US dollars as follow on investments. In 2021, Finnfund and […]
Read moreMarch 14, 2024
Finnfund provides 15 million US dollar loan to Ipak Yuli Bank in Uzbekistan
In Uzbekistan, access to finance for small and medium enterprises has been limited and the status of self-employed entrepreneurs has not been recognised, often leaving them outside formal finance. Ipak Yuli is one of the leading privately owned commercial banks in Uzbekistan focusing on private sector financing. With Finnfund’s 15 million US dollar senior loan, […]
Read moreSeptember 21, 2023
Finnfund and FMO back SATYA MicroCapital with USD 35 million to make formal finance more accessible to women in India
Finnfund, the Finnish development financier and impact investor, and FMO, the Dutch entrepreneurial development bank, have announced a USD 35 million debt funding to SATYA MicroCapital Ltd, a Delhi-based RBI registered NBFC-MFI which provides affordable microcredit to women from low-income households across the rural areas of India. Finnfund invested USD 10 million ECB facility, with […]
Read moreJune 15, 2023
Finnfund invests in regional insurtech Igloo to increase the insurance coverage in Southeast Asia
Finnfund is one of the investors in a financing package led by The InsuResilience Investment Fund II, initiated by German development bank KfW and managed by impact investor BlueOrchard Finance Ltd. The 27 million US dollar investment in regional insurtech Igloo brings the company closer to its vision of enabling ‘Insurance for All’. Igloo facilitates […]
Read moreNovember 29, 2022
Finnfund’s 3 million US dollar equity investment expands the insurance industry in Pakistan
Finnfund makes a 3 million US dollar equity investment in TPL Insurance Limited, Pakistan’s first direct insurance company. The investment will enable TPL Insurance to introduce innovative and tech-driven products, such as yield based crop and livestock insurance, as well as women specific insurance programs, thereby increasing penetration of insurance in Pakistan in diverse segments. TPL […]
Read moreApril 19, 2022
Client protection in microfinancing is part of financial inclusion
Microcredit and microfinance refer to very small loans for individuals or micro-businesses. In some context, it refers to other services as well such as micro-insurance, micro-pensions, micro-leasing, and even micro-savings. More importantly, it is about providing access to formal financing and participation for people in need of money to set up or expand their businesses. […]
Read moreDecember 22, 2021
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 […]
Read moreOctober 12, 2021
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 […]
Read moreOctober 6, 2021