On behalf of the German Federal Ministry of Economic Cooperation and Development, KfW (the German Development Bank) has provided additional first loss capital of USD 48.6 Mn to Microfinance Enhancement Facility (MEF) to strengthen MEF capital structure and improve senior investors’ protection against losses.
Founded in 2009, MEF is a public-private partnership that provides liquidity to microfinance institutions. Due to the onset of the pandemic, MEF now functions as a crisis response organization.
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