Addressing the $1.7 trillion gender gap
through financial inclusion.
Addressing the $1.7 trillion gender gap through financial inclusion
Women-owned and women-led SMEs face a $1.7 trillion finance gap globally. This lack of access, combined with underrepresentation of women in finance, limits their economic potential and broader societal impact. Financial institutions miss out on $700 billion in potential revenues by failing to adequately serve this market.
Our impact
Q4 2024
Q4 2024

USD 0 M
Total assets

USD 0 M
Loan portfolio

0
Countries

0 Institutions
financed

0%
Women
Since inception

USD 0 Million
Invested

0
Countries


0
Loans

USD 3.1
Billion Invested

65
Countries


Why does it matter
Since its launch in February 2009, the Fund has played a pivotal role in driving economic development in emerging markets by providing development finance to micro-enterprises and low-income households through partner financial intermediaries (PFIs). Reflecting the dynamic changes in the microfinance sector, the Fund enhanced its mission from the 1st of January 2024, with a renewed focus on gender-smart financial services
How we are going to make a change
CLEAR INVESTMENT CRITERIA
AMBITIOUS OBJECTIVES
How we are going to make a change
Mission
The GGSF, a $500 million blended finance fund, addresses the funding gap faced by underserved women and women-led business in developing markets. Through gender-smart financial services and technical support, it promotes livelihoods, gender equality, and women's leadership.

Mission
The GGSF, a $500 million blended finance fund, addresses the funding gap faced by underserved women and women-led business in developing markets. Through gender-smart financial services and technical support, it promotes livelihoods, gender equality, and women's leadership.
TESTIMONIALS
Client stories

FDL is one of Nicaragua’s largest microfinance institutions, serving mostly
rural women and farmers like Marlene Orozco Cantero, who has accessed nine loans over 16 years to grow her farm and improve her home. FDL’s focus on gender equity and rural development aligns with GGSF’s mission. Marlene highlights the trust and strong relationship with FDL as key to her success. GGSF’s capital infusion (3% of the gross loan portfolio) supports FDL’s impactful work. This partnership strengthens financial inclusion and sustainable livelihoods.

GGSF’s loan to Esta Dana Ventura helped expand its microloan portfolio. empowering over 250,000 Indonesian women borrowers, who make up 95% of its clients. The funding enabled the institution to grow from 48 to 217 branches by 2023 and invest in digital upgrades. This support boosted financial stability and allowed clients to build businesses, create jobs, and strengthen local economies. Initiatives like AkuEsta showcase the impact, training women to produce and sell handcrafted goods. With 76% of its staff being women, the project reflects a strong commitment to female empowerment.

BRAC Tanzania, focused on providing microloans to rural women and underserved groups, has partnered with GGSF since 2021. GGSF provided two USD 2M loans, helping BRAC grow its portfolio to over USD 70M. These funds support group lending and SME loans, with 85% of the portfolio targeting women. Unlike local banks, GGSF offers longer-term, unsecured financing, enhancing BRAC’s planning and financial stability. This partnership strengthens inclusive lending and financial literacy in rural Tanzania.

Midland Microfin Limited received USD 10 million from GGSF, enabling them to diversify into SME loans beyond micro-businesses. The funding supports longer-term, 3-year loans that improve Midland's financial stability and asset-liability management. This aligns with Midland’s mission to empower low-income women in rural areas. GGSF’s support enhances Midland’s credibility, impact measurement, and tailored financial solutions. The partnership advances shared goals of women’s empowerment and financial inclusion.

GGSF’s strategic support stands out for its tailored approach. Mikrofin also
financial skills. This initiative empowers women to formalize and scale their
businesses, aligning with the Gender Action Plan shared with GGSF.

KOMIDA received a $3 million GGSF loan in 2025 to expand financial services to over 900,000 low-income women in rural Indonesia. The funding strengthens KOMIDA’s liquidity and supports accessible, collateral-free loans aligned with members’ seasonal income. Beyond credit, KOMIDA offers training in financial literacy and entrepreneurship and promotes women’s leadership. With strong social ratings, KOMIDA enables women to grow businesses, register them, and improve living conditions. This partnership fuels inclusive development and sustainable livelihoods for underserved women.
Quarterly Factsheet

Sustainability-related disclosures
Global Gender-Smart Fund S.A., SICAV-SIF is subject to Article 9 of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR). The fund disclosures describing the sustainable investment objective of GGSF (as required by the SFDR) are available on the website of the alternative investment fund manager of GGSF, Innpact Fund Management S.A., via the following link.
Sustainability-related disclosures
Global Gender-Smart Fund S.A., SICAV-SIF is subject to Article 9 of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR). The fund disclosures describing the sustainable investment objective of GGSF (as required by the SFDR) are available on the website of the alternative investment fund manager of GGSF, Innpact Fund Management S.A., via the following link.
