Global Gender-Smart Fund (GGSF) SA., SICAV-SIF
Status: Investment in contracting phaseWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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 prospective customer?
Global Gender-Smart Fund S.A., SICAV-SIF (GGSF) is the world's largest investment vehicle dedicated to advancing gender equality through financial inclusion. Since its launch in 2024, GGSF has rapidly built a global portfolio with more than USD 550million deployed to over 80 financial institutions in 32 countries. The fund operates under the origination and monitoring efforts of portfolio managers Incofin, responsAbility, and Triple Jump, with Innpact Fund Management serving as AIFM and ensuring global cooperation.
What is our funding objective?
FMO is providing financing to GGSF through an investment of USD70million in the Subordinates Notes tranche, with a 7-year tenor. The funds support GGSF's gender financing mandate to invest women-owned MSMEs through local FI partners. Further, this investment will strengthen its funding base and expand its capacity to mobilize private investments.
Why do we want to fund this investment?
FMO’s financing enables us to partner with a fund that has strong expertise in gender-focused investing, helping the Fund scale its impact in underserved markets facing significant financing gaps. GGSF's investments are considered additional to FMO's investments as GGSF generally reaches clients that FMO cannot target directly. Each investee of the Fund develops a tailored gender action plan following a gender assessment, ensuring that the fund not only channels capital but also drives institutional change. Targeted technical assistance provided by NIRAS A/S and Women’s World Banking further supports investees in delivering sustainable improvements in gender equity. 100% RI Label is applicable.
What is the Environmental and Social categorization rationale?
GGSF has an E&S categorization of Category B as the Fund invests in FIs for onlending to micro and small businesses which are classified as low E&S risk (Category C) or Medium E&S Risk (Category B). Investments classified as High Risk (Category A) are not eligible for GGSF financing. Given the focus on microfinance, GGSF is exposed to risks related to Client Protection Standards (CPS). The Fund's strong risk management process for assessing these risks in underlying investments results in a Medium final risk.
- Website customer/investment
- https://ggs-fund.com/
- Country
- Global
- Sector
- Financial Institutions
- Publication date
- 2/20/2026
- Deadline for feedback
- 3/22/2026
- Total FMO financing
- USD 70.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B