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    Reference: 20180557
    Release date: 4 April 2019

    Promoter – Financial Intermediary

    WWB ASSET MANAGEMENT LLC

    Location

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    ACP States Services