EMGA completes EUR 9.4M capital raising for Kashf Foundation with funding from BIO
Summary
Established in 1996 as Pakistans first elite microfinance institution, it started its operations as a rural replicator and since then, Kashf has carved a niche and unique niche for itself in the microfinance sector in Pakistan, providing innovative and transformative Offers a suite of Products and services for low-income families, especially women. It has a current reach of over 600,00+ women borrowers with a GLP of USD 90+ million across 360+ branches.Just to share that it has always been a pleasure to work with EMGA on new transactions to expand our network and outreach. This transaction will help Kashf Foundation not only in its existing operational areas but will also help in expanding its reach in new geographical areas across Pakistan.Emerging Markets Global Advisors LLP (EMGA)Managing Director and Head of Investment Banking Sanjeev Chakkalakali It is a pleasure to continue our longstanding partnership with Kashf Foundation and provide this new financing solution despite the volatile economic environment in Pakistan as well as globally. Also commenting on the transaction, the Managing Director of Emerging Markets Global Advisory Limited (EMGA) Jeremy Dobson It was a real pleasure to work again with Kashf Foundation on this latest transaction and to help support their female micro-entrepreneur client base.From Fr\xe9d\xe9ric Vereecke, Investment Officer Belgian Investment Company for Developing Countries (BIO) We welcome the opportunity to support the Kashf Foundation in empowering women and their families by providing quality financial services to low-income families in Pakistan, commented.Kashf Foundation Registered as a Non-Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. They achieve this by investing in small and medium-sized enterprises, financial institutions and infrastructure projects, contributing to socio-economic development in developing countries.Emerging Markets Global Advisory Limited (EMGA), With offices in New York and London, it helps financial institutions and corporates looking for new debt or equity capital.