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.

This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.

Investment will increase access to credit for retail and small and medium enterprises (SMEs) with specific focus on women entrepreneurs.

This very important commitment brings the duration of the advisory services provided by AFC to a total of nine years, with a total contract value of EUR 3.4 million.

Private sector investment is needed to support low-cost private schools in low and medium income countries.

The investment will increase Omni's capacity to assist their existing as well as new clients, thus supporting the private sector's recovery in the wake of the pandemic.

The $5 million loan from EMF Microfinance Fund AGmvK will be used for on-lending to micro, small and medium enterprises.

International funders committed approximately $58 billion to financial inclusion in 2020, a $6 billion increase from the prior year. Commitments from public funders continued to drive growth.

The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.

Contribution will be used to finance UNCDF’s BRIDGE Facility—the Finance Facility dedicated to the world’s 46 least developed countries (LDCs).