We are excited to publish the Sustainability Report 2021/22 for Maj Invest Financial Inclusion. One of the great news this year is the conclusion of a large survey Maj Invest Financial Inclusion has carried out together with Microfinanza Rating, documenting that having access to basic financial services significantly improves people’s livelihood.
In total 1,600 clients have been interviewed in a representative sample from each portfolio company identifying changes in their livelihood after gaining access to financial services during the last three years.
Examples of the many good results are that 55% increased their household and business income, 62% increased their ability to pay for education for their children, 60% increased their ability to pay for medical care, 51% female clients increased ability to contribute financially to their household/business, and 70% improved their ability to manage unexpected economic events in the household.
Through the investments of the three Maj Invest Financial Inclusion funds, the portfolio companies serve more than 37 million clients of which 48% are women. There continues to be an immense demand for formal financial services in Asia, Latin America, and Africa, and more than 1.4 billion people are still unbanked. In addition, billions of people only have access to a very limited offering of basic financial services.
Kasper Svarrer, Managing Partner for Financial Inclusion at Maj Invest, says: “We are very pleased to see the results of this survey, which documents that having access to basic financial services does improve the livelihood conditions significantly. Investing in the financial inclusion sector is a win-win-win situation for clients, financial institutions, and investors”.
For more information, please contact:
Kasper Svarrer, Managing Partner Financial Inclusion
+45 33 38 73 60
ksv@majinvest.com