ResponsAbility Investments Backs Women Entrepreneurs in Emerging Markets With $175M
By Chamberline Moko
Switzerland-based asset manager, ResponsAbility Investments AG, is disbursing $175 million to support about 30,000 small and medium-sized enterprises (SMEs), as well as entrepreneurs (mainly women) in emerging markets.
The sum was raised through the issuance of U.S. Dollar dominated-debt securities maturing in 3 years to institutional investors such as Overseas Private Investment Corporation (OPIC), the US development finance agency; Alecta, the Swedish private sector pension management company; and Calvert Impact Capital, a US investment company.
Photo courtesy of JanetandPhil.