Cross-border MFI liquidity refinancing facility (MEF) V

active

The Global Gender-Smart Fund (GGSF), based in Luxembourg, was founded in 2009 by KfW and the IFC (International Finance Corporation) as a Microfinance Enhancement Facility together with the OeEB (Austrian Development Bank). The fund finances banks and fintechs, which in turn finance micro, small and medium-sized enterprises (MSMEs) in developing countries. A special focus is placed on the financial inclusion of women and companies run by women. The measure pursues the overarching development policy goal of further promoting global economic development and gender equality. The fund is managed by Innpact Fund Managent S.A. as well as Incofin Investment Management, responsAbility Investments AG and Triple Jump. They ensure that microfinance continues to promote growth, create jobs and reduce poverty in emerging countries.