In May 2015, OeEB invested USD 5.9. million in the DWM Inclusive Finance Equity Fund II in order to improve access to financial services in Latin America and Asia.
|Project name||DWM Inclusive Finance Equity Fund II|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 5.9 million|
|Project partner(s)||DWM Inclusive Finance Equity Fund II|
|Project story||Latin America & Asia: Improving access to finance|
According to estimates by the World Bank, approximately 60% of the adult population in developing countries don't have access to financial services. Also small and medium-sized enterprises (SME) have limited access to financing since they often cannot provide sufficient securities.
DWM Inclusive Finance Equity Fund invests in microfinance institutions as well as specialized financial service providers that provide financing for education, housing and SME. By strengthening these financial institutions they can better address customer requirements and access new groups of customers. This helps improve access to finance for previously disadvantaged population groups as well as for SME.
The fund's focus countries are India, China, Sri Lanka, Indonesia and Cambodia as well as Mexico, Peru, Brazil and Columbia.
With Business Advisory Services funds, OeEB supports DWM in extending its environmental and social management system in the SME-sector.