Hotline: 1800 102 2007
X
Search Business Opportunities
2010-12-14

ADB to invest $ 10 mn in fund for small business lending

The Asian Development Bank (ADB) has said that it will provide up to $10m for a private equity fund that aims to expand microfinance and small bank lending to poor, underserved groups across the regio

The Asian Development Bank (ADB) has said that it will provide up to $10m for a private equity fund that aims to expand microfinance and small bank lending to poor, underserved groups across the region. ADB's Board of Directors approved the equity stake in the ShoreCap II Fund. It will invest in microfinance institutions and small business banks in both Asia and Africa, with ADB's contribution solely for use in its developing member countries. According to ADB, the fund - which will be managed by Equator Capital Partners, an independent fund management company registered in the US - will take equity stakes in regulated, small lenders with high growth potential who can reach neglected groups such as women entrepreneurs and rural microenterprises.

Key target markets will include Bangladesh, the People's Republic of China, India, Indonesia, Pakistan, the Philippines, Sri Lanka, Thailand and Viet Nam.

ADB said the goal is to take minority stakes in companies with investments of $2m to $10m each, and to exit holdings over an average of five years, with Asian investments making up about half the fund's total portfolio.

 

Related opportunities
  • Tea and Coffee Chain
    About Dr. Bubbles: Dr. Bubbles is one of the few dedicated..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Beauty Salons
    About: Selfie Unisex Salon is a dream that conceived in 2012..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts