Project detail - PEOPLE'S PENSION HOLDING

PEOPLE'S PENSION HOLDING

Status: Approved investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Our client is People’s Pension Holding (PPH), a holding company based in the Netherlands that sets up pension companies in Africa. Funding For this project will be dedicated to People’s Pension Trust Ghana (PPT), a subsidiary of PPH. PPT provides pension schemes to workers in the informal sector in Ghana.

What is our funding objective?

The project aims to enable PPH to continue developing micro-pension funds for the informal sector in Africa, starting with Ghana’s People’s Pension Trust.

Why do we fund this investment?

This project is closely aligned with the Massif strategy, in this case specifically around the financial inclusion of informal workers. Their financial health will be improved through access to an appropriate savings and pensions product, improving their ability to plan for their old age.

Website customer/investment
https://www.peoplespensionholding.com/
Region
Africa
Country
Ghana
Sector
Financial Institutions
Effective date
9/17/2019
Total FMO financing
EUR 0.15 MLN
Funding
MASSIF