Aequitas Fund L.P
$22,900,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2023-2024
- Agreement period
- March 21, 2024 – March 27, 2036
- Reference
- dfatd-maecd:064-2024-2025-Q2-00676
Published purpose
This impact investment fund will help to improve the environment and well-being of vulnerable populations, especially women, in Africa, Asia and Latin America . It invests in small-scale financial institutions such as banks, microcredit, and micro-insurance companies in developing countries. Investments by the Aequitas Fund will help these financial institutions improve the availability of financial products, such as microcredit and micro-insurance, and services to underserved populations, including women, small and medium enterprises, youth, and smallholder farmers. The initiative will directly benefit 40,000 entrepreneurs (20,000 of them women) who will benefit from better, more inclusive financial products and services, and indirectly benefit up to 1.5 million clients of the recipient financial institutions.
In plain English AI-generated
This grant supports an impact investment fund that invests in small-scale financial institutions in developing countries to improve access to financial products and services for underserved populations, including women and smallholder farmers.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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