+

Dolma calls for gender-lens project proposals to invest funds

Photo: Pxfuel

Kathmandu, July 29

Dolma Impact Fund, an international private equity and impact fund dedicated to Nepal, has called for proposals from companies for gender-lens projects to invest in.

Qualifying for 2X Challenge, an initiative of 20 development finance institutions and multilateral development banks to collectively mobilise USD 15 billion in commitments that provide women in developing country markets, the fund says its second call for proposals (Dolma II) targets growth companies in Nepal with high commercial and impact potential. 

“Dolma II invests in renewable energy, healthcare, and technology sectors driving developmental impact and environmental and social value creation. The fund invests in growth companies with cumulative revenue above $500,000, and renewable energy projects approaching or with a PPA,” a press release from the company says, “They invest between $1m and $6m per transaction. Along with companies meeting the fund’s investment mandate, Dolma II aims to add to its developmental impact by enabling the economic empowerment of Nepal’s women through gender-lens investing.”

Dolma’s gender lens investing approach aligns with the 2X framework, including supporting companies that meet either of these four criteria: 1) businesses with women founders or with 51% female shareholding; 2) 20-30% women in senior management or 30% on the board of directors; 3) 30-50% women in the workforce, or 4) products or services that specifically or disproportionately benefit women.

React to this post

Conversation

New Old Popular