CDC commits to BlueOrchard COVID-19 support fund
Impact investment manager BlueOrchard Finance has launched 'BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund' in partnership with a host of lenders, including the UK's development finance institution CDC.
The fund is backed by public and private investors who will jointly support its launch with around $140 million. It will provide support funding to financial institutions and is expected to finance 20 institutions, serve three million micro-entrepreneurs and maintain 60 million jobs per each $100 million. The fund has a target size of $350 million.
Other partners include the US International Development Finance Corporation and Japan International Cooperation Agency has launched the “BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund”. German development bank KfW, on behalf of the German Federal Ministry of Economic Cooperation and Developmen, is currently in due diligence stage and intends to join the circle of investors.
