Finance in Motion wins mandate for the PA Facility of the Norwegian Microfinance Intitiative
Finance in Motion GmbH is nominated Advisor to the Professional Assistance (PA) Facility of the Norwegian Microfinance Initiative (NMI). As part of this mandate, the technical assistance management team of Finance in Motion will provide assistance to NMI AS in setting up and managing the PA Facility.
NMI is a public-private partnership initiative which invests in microfinance institutions (MFIs) in developing countries and provides professional assistance and technical support for these institutions. Development finance is provided through two microfinance investment funds: the NMI Global Fund and the NMI Frontier Fund, which invest both directly and through other microfinance investment vehicles. NMI’s mission is to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing and supporting MFIs. Investors and strategic partners to NMI currently include Norfund, a development finance institution owned by the Government of Norway, and four private sector partners from the Norwegian finance industry. Professional and technical assistance will be provided through the NMI PA Facility, which draws on funding from the Norwegian Agency for Development Cooperation (Norad).
Based on Finance in Motion’s proven expertise in managing technical assistance facilities alongside its investment advisory mandates, Finance in Motion will advise NMI in setting up and managing its PA Facility. The NMI PA Facility will develop, manage and co-finance capacity building and training measures for NMI portfolio companies in various areas relevant for Emerging MFIs, ranging from business and strategic planning to product development, risk management and social performance management training and capacity building.
For more information, please visit "NMI Professional Assistance (PA) Facility at a glance"
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