Aequitas-D GP IncDesjardins
$22,900,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2023-2024
- Agreement period
- March 21, 2024 – August 5, 2035
- Project status
- Implementation
- Reference
- CA-3-P012020001
Published purpose
This impact investment fund aims to improve the environment and well-being of vulnerable populations, especially women, in Africa, Asia, Eastern Europe and Latin America. It seeks to invest in small-scale financial institutions in developing countries to help them improve the availability of financial products, such as bank accounts, loans and insurance. These investments aims to increase the availability of financial products and services for entrepreneurs who run micro, small and medium-sized businesses, including women, youths and small-scale farmers. The initiative directly benefits 40,000 entrepreneurs (20,000 of them women) who benefit from better, more inclusive financial products and services.
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 for entrepreneurs, especially women, in Africa, Asia, Eastern Europe, and Latin America.
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.
Community tags
Tags are applied by readers, not by this site. One tag per person per record.