OMRO IFN partners with the European Investment Fund, obtaining a guarantee ceiling to offer up to EUR 50.000 microfinancing, double the ceiling currently provided.

According to the World Bank, the loan aims to finance Tunisian institutions for lending to eligible small and medium-sized enterprises.

The loan aims to strengthen the financial sector’s stability, integrity, and resilience; expand financial inclusion especially for MSMEs; and help climate and disaster risk finance.

The IFC financing will be aimed at supporting the growth plan of Arrendamás, focusing on increasing both the placement of products, as well as the diversification and quality of its credit portfolio.

The new loan will increase access to payment systems for Colombians, in addition to promoting greater competition in the industry in favor of consumers. 

The addition of Owoafara illustrates ShEquity’s unrelenting commitment to providing smart investments for African female entrepreneurs and innovators.

The $154 million will finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for unserved and underserved consumers in Africa.

The firm had its final close on $332 million in capital commitments for its Fund III, which invests in companies in Latin America, India, Southeast Asia, Africa and the Middle East.

The loan will benefit more than 20,000 clients of Caja Arequipa, which will contribute to the development of the most vulnerable sectors of Peru in the context of the economic recovery after the COVID-19 pandemic.

Through this funding, the company plans to disburse income-generating loans worth INR 5,000 crore in the next five years, resulting in an overall reduction of four million tones of carbon emission, the firm said in a statement on 3 October.