The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.

Attracted financial means will be directed towards the development of micro, small and medium-sized businesses in Armenia.

The proceeds will be used towards expanding the company’s portfolio to female borrowers for income generation purposes, specifically in the low-income or rural areas of India.

Finamiga plans to use the wholesale loan to fund 4,000 retail agricultural loans and 1,000 motorcycle loans.

A new investment will help increase access to finance for small businesses, especially women-owned firms, while promoting sustainable projects in Mexico.

The lending brings the Fund’s total number of investments to 23 firms globally, as it continues its goal to enhance the everyday lives and livelihoods of smallholder farmers while increasing opportunities for women and younger individuals.

The initiative is part of a larger LuxDev effort in Niger that has a total budget of EUR 145 million (USD 156 million).

Catalyst will provide each firm with an investment as large as GBP 80,000 ($105,000) and arrange non-financial support from the staff of BFA and various partner investment and consulting firms.

The credit aims to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal's green, resilient, and inclusive development.

The coalition said it had exceeded its initial target by 40 percent, while development finance institutions jointly committed over $5.55 billion of financing of MSMEs in Africa over the period.