Japan ASEAN Women Empowerment Fund Case Study

In March, Convergence produced a case study on the Japan ASEAN Women Empowerment Fund (JAWEF), a blended fund launched by BlueOrchard that provides loans to microfinance institutions (MFIs) serving female entrepreneurs in the ASEAN region and beyond.

This case study explores how JAWEF successfully converged public donor capital, philanthropic funding, and private capital to raise USD 240 million to support gender equality (Sustainable Development Goal 5).

Convergence’s case study presents several insights for creating or investing in blended funds focused on frontier markets or gender equality, including:

  • An experienced fund manager can be a powerful partner for concessional capital providers looking to play a catalytic role
  • Concessional capital providers do not need to take a first-loss position to attract the private sector
  • Commercially-oriented blended finance vehicles can mobilize institutional investors, particularly when positioned for a specific target market

Read this case study to learn more about how blended finance can advance gender equality.

Click the cover image to download the report.

“Japan ASEAN Women Empowerment Fund Case Study

Convergence has produced several other case studies on specific transactions that further illustrate this activity. Visit Convergence’s Resource Library to explore other case studies on specific transactions designed to realize development at scale.

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