dads

Japanese foundation to pour $5 mln into women empowerment fund

Created 23 July 2021
  • PDF
Editor Choice
dads
Share
(0 votes, average 0 out of 5)

Japan-based Sasakawa Peace Foundation (SPF) has committed to investing $5 million into Beacon Fund to support female entrepreneurs in Southeast Asia.

Japanese foundation to pour $5 mln into women empowerment fund

Beacon Fund, which has offices in Singapore and Ho Chi Minh City, focuses on investing in female entrepreneurs in Indonesia, the Philippines and Vietnam. It has raised half of its initial target of $50 million to date.

"We deeply respect SPF’s commitment to building the gender lens investing ecosystem in the region," said Beacon Fund Co-Founder and CEO, Shuyin Tang.

"We are very happy to have found a committed partner who similarly wants to make finance work better for women."

Beacon Fund’s main priority is debt products, which it says tend to be a better fit for the moderate-growth, cash-flow positive business the fund targets.

SPF in 2017 formed Asia Women Impact Fund (AWIF), which aims to invest up to $100 million from its endowment to work toward a future where all women in Asia are empowered to reach their full potential.

 

Source: VNE

Maybe You Also Interesting :

» Vietnam Coast Guard commander sacked over dereliction of duty

Lieutenant General Nguyen Van Son has been dismissed as Commander of the Vietnam Coast Guard for violations of Party and government regulations that happened...

» 28 wind farms qualify for early incentive price

Twenty-eight wind power plants have qualified for the incentive feed-in tariff for early operation which the government offered to stimulate investment in...

» Ancient citadel to be renovated for $32 mln

Over VND745 billion ($32.7 million) will be spent to renovate the Ho Citadel in Thanh Hoa in the next four years, the provincial authorities stated.