The public-private partnership Nordic Microfinance Initiative recently rebranded itself – in reference to the terms “enable” and “sustainable” – Abler Nordic. The entity, which is partially funded by the Danish and Norwegian governments, invests in financial services providers targeting low-income customers in Africa and Asia.
Regarding this mission, Arthur Sletteberg, Managing Director of Abler Nordic, stated that, “Well-designed financial services such as savings, leasing, agricultural financing, and affordable housing finance help people adapt and strengthen their ability to manage economic and climate shocks.”
The organization manages USD 344 million in assets, and the latest of its five investment vehicles is 60-percent funded by private actors. Abler Nordic was founded in 2008 and employs 22 people at four offices in Eurasia plus one in Kenya.
Sources and Additional Resources
Abler Nordic press release
https://www.ablernordic.com/news/enabling-better-futures-abler-nordic-new-name-for/
Abler Nordic homepage
https://www.ablernordic.com
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