Release date: 4 April 2019
Promoter – Financial Intermediary
WWB ASSET MANAGEMENT LLCLocation
Description
The project concerns the investment into a private equity fund specialising in women-focused inclusive financial institutions (global scope with a focus on Sub-Saharan Africa) and financial technology.
Objectives
The project aims at increasing financial inclusion in emerging markets with the goal to reduce the gender gap. The fund will make minority equity investments in financial service providers and expects to pursue a gender strategy that focuses on the financial needs of women and their participation in the staff and management of the investees. The gender lens applied to financial inclusion is intended to allow financially excluded or underserved women to access a broad range of financial services and to grow their businesses.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 12 million (EUR 10 million)
Total cost (Approximate amount)
USD 100 million (EUR 90 million)
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 19/12/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).