Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.

The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.

Application deadline is 13 April 2021, 23:59 pm CET 

The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic. 

The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

The nonprofit’s new $17.5 million impact fund will specifically focus on supporting underserved women business owners impacted by COVID. 

The new agreement allows two of the leading multilateral development banks with focus on the private sector to offer Climate Assessment for Financial Institutions tool to a larger number of financial institutions.

Senior loan equivalent of EUR 2 million to be on-lent to underserved local entrepreneurs to sustain small business operations.

The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.

Through the investment, the partners aim to facilitate farmers’ ability to access much-needed financing to sustain their businesses using local currency.