Bridge Launches with $24 Million in Funding -- Bringing Social Investment to Strengthen Rural Finance in the Philippines

Autor: PR Newswire
Zdroj: PR Newswire US. 03/11/2013.
Abstrakt: MANILA, Philippines, March 11, 2013 /PRNewswire/ -- Bridge, a financial services company with a new approach to strengthening provincial banking and a commitment to social impact, fully focused on the Philippines, today announced its launch with a $24 million investment from Accion, Bamboo Finance, DEG, FMO and Bridge's founding principal and chairman, Paul Kocourek. Bridge will provide both deep capability building services and capital to Rural and Thrift banks focused on low income populations, micro and small businesses. Bridge expects to make its first investments by June 2013 and invest all $24 million within 2 years. [ABSTRACT FROM PUBLISHER]
Databáze: Regional Business News
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