Finnfund and University of Helsinki to invest in microfinancing in Africa and Asia

Finnish impact investor Finnfund has made a EUR 10m debt facility commitment to the Advans Group, in a co-investment with the University of Helsinki.

The University of Helsinki | Photo: Ari Aalto

The work of the Advans Group, which offers microfinance services on underserved markets, has received a boost from Finnish impact investor Finnfund and the University of Helsinki's investment unit.

The two investors committed a EUR 10m debt facilty to Advans Group, which operates in nine countries: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Cote d'Ivoire, Pakistan, Nigeria, Tunisia and Myanmar.

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