Finnfund funds microloans for poor women in rural India
Finnish development financier Finnfund will make a EUR 15 million investment in Indian company Annapurna Finance Pvt Ltd , which offers microloans and related financial literacy education, mainly to poor women in rural India. The loan makes it possible for Annapurna to offer its services more widely in India.
This is Finnfund’s first project eligible for the 2X Challenge, which is an initiative by the G7 countries aimed at mobilising USD 3 billion to finance businesses that promote the status of women. Finnfund joined the initiative