KNOW A MICROFINANCE FUND: FinnFund

Overview:
FinnFund is a development finance company in Finland that provides financing to socially-oriented companies.

Description:
Finnfund is a Finnish development finance company that provides long-term risk capital for profitable projects in developing countries that involve a Finnish interest. The company can co-invest in Finnish companies, finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis, or generate major environmental or social benefits. Finnfund promotes business activities indirectly by participating in the financial sector, especially in microfinance and infrastructure.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/finnfund

Organization’s Website:
http://www.finnfund.fi/en_GB/

Just the Facts:
Country of Incorporation: Finland
Year Founded: 1980
Legal Status: Development Finance Institution
Fund Assets (as of day/month/year): EUR 163 million (USD 229.7 million as of 31/December/2007)
Fund Assets allocated to MFI investment (as of day/month/year): EUR 6.2 million (USD 8.7 million as of 31/December/2007)
Number of MFI Investments (as of day/month/year): 5 (as of 31/December/2007)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): State of Finland, Finnvera, Confederation of Finnish Industries
Instruments: Loans and Debt Securities, Equity
Fund Currency: EUR

Contact Information:
Mailing address

P.O. Box 391
FI-00121 Helsinki
Finland

Street address
Uudenmaankatu 16 B, 4th floor
FI-00120 Helsinki

tel. +358 9 348 434
fax +358 9 3484 3346

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Additional Resources:
Latest news from FinnFund
http://www.finnfund.fi/ajankohtaista/uutiset10/en_GB/minnamarimarttila/

European Bank for Reconstruction and Development (EBRD) Extends $5m Long-term Loan to Kyrgyz Investment and Credit Bank (KICB) for On-Lending to Small and
Medium Enterprises (SMEs) (January 2010)
https://www.microcapital.org/microcapital-brief-european-bank-for-reconst…

Link to Microcapital Universe wiki
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=FinnFund

Authored by Kenny Kline, Research Associate

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