News
IFU and Symbiotics Provide $22.5M in Financing to Develop Financial Inclusion in Africa Through a Multi-Currency Bond
The Investment Fund for Developing Countries (IFU) established by the Danish Government has partnered with Symbiotics to provide debt financing to between 15 and 20 financial institutions in Africa through a multi-currency impact bond. The main impact objective of this investment is to foster development in Africa through employment and income creation. The debt can be provided in several local currencies.
The bond will finance loans to businesses and households via selected financial institutions in Africa. It will be issued by Micro, Small & Medium Enterprises Bonds S.A., a bond issuance program sponsored by Symbiotics.
Latest from Our Blog
View all blog posts
How Do We Reach 80 Million Women and Increase Their Incomes by 30%?
Greta Bull of the Bill & Melinda Gates Foundation shares their latest thinking on achieving impact and building an inclusive credit ecosystem.
Is There a “Steel Bullet” for Helping Businesses Grow?
Financial diaries which provide microentrepreneurs with tailored business reports are helping them to grow their businesses, showing the power of access to data.
Working to Promote Food Security in Burkina Faso
Claire Lossiané of YIKRI, winner of the 2023 European Microfinance Award, reflects on the MFI’s programs to combat malnutrition.