The loan will increase the bank’s business lending capacity to accelerate growth, advance employment and positively contribute to Bangladesh’s economy, CDC says.
The Dutch impact investor's $3.2 million loan will enable Kayonza Tea Factory and its farmer owners to build a second factory in nearby Mpungu.
Klar offers a commission-free digital credit card in Mexico, where only 15% of adults have access to credit products.
The Vancouver-based impact investor backs early stage companies in sectors that even impact investors tend to avoid, like public transportation tech and water.
- CDC is introducing “Catalyst Strategies” that will guide as much as $1.5 billion in new investments, on top of its current pipeline of $500 million in commitments.
Proceeds from the conservation organization's first bond offering will go towards its Working Forest Fund, which is looking to bring together philanthropic and private capital to secure one million acres of U.S. forests.
“Without light, you can’t do anything,” Akinwumi Adesina, president of African Development Bank. Roughly 90 percent of the people living without electricity are in sub-Saharan Africa.