27 June 2019

  • 2019

Finance in Motion initiates 1,000th technical assistance project

Targeted support anchors social and environmental impact across 30 countries 

People participating in TA initiatives

Frankfurt, 27 June 2019 – Global impact asset manager Finance in Motion has announced the one-thousandth technical assistance project to accompany the impact investments of the funds it advises.

With over EUR 2 billion in assets under advisory/management, Finance in Motion develops and advises impact funds that invest in positive social and environmental change in emerging markets. Alongside investment activities, Finance in Motion also manages complementary technical assistance facilities that provide nonfinancial support to anchor and amplify the funds’ impact. Projects range from enhancing the ability of the local financial sector to meet the needs of microentrepreneurs to helping businesses maximize energy savings or improve their operations’ environmental footprint. 

On May 28, 2019, the SANAD Fund for MSME approved a project to raise awareness and empowerment for women entrepreneurs across the Middle East and North Africa. Together with a non-profit partner, the SANAD Technical Assistance Facility will create a platform showcasing successful women entrepreneurs in countries such as Morocco and Tunisia in order to bring together and encourage aspiring businesswomen in the region. The initiative marks the one-thousandth technical assistance project to be managed by Finance in Motion across all the funds it advises.

Other recent flagship technical assistance projects include:

• The European Fund for Southeast Europe (EFSE) Development Facility is currently working together with Georgia’s TBC Bank to implement a comprehensive set of measures to support entrepreneurs in the country. These include a digital platform that provides services such as financial literacy training and business advice; competitions to promote innovators in financial technology; and high-visibility, nationwide awards events to celebrate successful micro and small enterprises in Georgia and cultivate a culture of entrepreneurship. The program is completed by supporting startups in becoming bankable and providing them with tailored loan products.

• The Green for Growth Fund Technical Assistance Facility organized, sponsored, and conducted the first international clim@ competition in Frankfurt in 2018 to identify and accelerate promising new avenues for climate protection. Over 250 companies from 80 countries participated in the contest, which ultimately provided funding, mentorship, and other support to the top five most promising business models for driving sustainable consumption and production.

• The eco.business Development Facility has designed, researched, and launched a satellite-based technology solution to track changes in forest cover in Panama and Nicaragua. By collaborating with local financial institutions and farmers, the eco.business Development Facility compiled a comprehensive database and monitoring system that is now being used to protect forests and promote sustainable ranching practices.

Managing Director Elvira Lefting, responsible for technical assistance at Finance in Motion, said: “Finance in Motion believes that building supportive ecosystems are equally as important as financial investments when it comes to creating lasting impact. That is why we dedicate a solid part of our professional expertise to institution and capacity building: From training thousands of banking staff in the provision of small-business finance and green finance, to supporting regulators in promoting fintech for financial inclusion, mentoring refugee entrepreneurs, conducting impact studies, and building risk management systems – all of these thousand projects have helped embed and accelerate the impact of our funds’ investments. We would like to thank the donors, investors, and excellent consultants whose stellar support continues to make the work we do possible.”

To date, Finance in Motion has worked with over 300 institutions on technical assistance projects for a total volume exceeding EUR 52 million. These activities have accompanied investments totalling over EUR 4 billion, contributing to sustainable development across 30 countries. For more information on Finance in Motion’s impact, visit: www.finance-in-motion.com/our-impact 
    
About Finance in Motion 

Finance in Motion is a global impact asset manager focused exclusively on sustainable development in low and middle-income countries. The company develops and advises impact investment funds whose blended finance structures bring together public and private investors to promote economic prosperity, social development, climate change mitigation and adaptation, sustainable use of natural resources and biodiversity conservation. 

Over the course of its operations, Finance in Motion has unleashed a cumulative total of over EUR 4 billion toward these goals in Southeast Europe, the Caucasus, Latin America, the Middle East, and North Africa. In addition to investment activities, the funds also provide technical assistance to support investees, foster responsible finance, and maximize impact in the countries they serve. Finance in Motion furthermore makes selected direct investments in impactful enterprises that share the company’s values. 

Through its 17 offices that manage activities across more than 30 countries, Finance in Motion helps partners develop their businesses and demonstrate that sustainable and financial returns can go hand-in-hand.

For more information, please visit us at: www.finance-in-motion.com
You can also follow us on Twitter @financeinmotion and on LinkedIn

Please click here to read the Press Release in German.

Media contact Finance in Motion 

Merle Römer
Manager, Marketing & Communications
Phone: +49 69 / 271 035-171 
Email: m.roemer@finance-in-motion.com