Svasti Microfinance and Kenya Women Microfinance Bank's commitment to creating meaningful impact in clients' lives through responsible financial services was reflected in their outstanding results, topping the 2023 60 Decibels Microfinance index in Asia and Africa respectively.
Abler Nordic is a proud supporter of the second 60 Decibels Microfinance Index, after helping establish the global survey as a founding partner in 2022. This year’s index collected more than one million unique data points across 114 financial service providers, who collectively serve over 84 million clients in 32 countries.
The aim of participating in the index was to gain an in-depth understanding of how clients’ lives have changed because of financial services, reflecting our firm belief that our end-clients are the best judges of improvements in their own lives. Over 2000 of our end clients from eight of our portfolio companies in Sub-Saharan Africa and Asia participated in the 2023 index.
Svasti Microfinance - The right to finance for every woman
Svasti Microfinance was established in 2008 and currently provide loans, savings products and health insurance to over 400,000 women in urban and rural areas across four states in India. Svasti’s focus is on women micro-entrepreneurs, as they are not only important members of every household, but also contribute significantly to the Indian economy.
Kenya Women Microfinance Bank - Banking on Women
Kenya Women Microfinance Bank (KWFT) has been in operation since incorporation in 1982 and has since grown to be the biggest microfinance institution in Kenya. KWFT aims to help women entrepreneurs realize their economic potential and improve their whole family’s living standards and financial security. KWFT currently supports nearly 300,000 clients with products that help improve their quality of life, such as micro loans, and loans for solar energy, education and sanitation.