The Dutch Good Growth Fund – Financing local SMEs (DGGF) is partnering with EVN Finance (EVNFC) to strengthen access to finance for women-led small and medium-sized enterprises (SMEs) in Vietnam. Through a 4-year loan of USD 8 million, DGGF will help EVNFC expand its loan portfolio dedicated to women-led SMEs. The funding will be fully earmarked for this segment, providing financing of up to USD 1.5 million per business.
Image: © EVF Finance
Scaling SME access
In Vietnam, SMEs often receive limited attention from commercial banks, while they represent a strategic growth area. EVNFC aims to increase its focus on this area in the coming years. EVNFC is headquartered in Hanoi and operates three branches across Vietnam: Hanoi, Ho Chi Minh City, and Da Nang.
As of December 2024, the gross loan portfolio (GLP) of EVNFC stands at USD 1.7 billion, serving 274,000 active borrowers. The portfolio is primarily composed of corporate loans (62%) and SME loans (33%), with a smaller share of consumer loans (5%). EVNFC also maintains a growing green portfolio, currently at 1.7%, mainly financing rooftop solar systems for commercial and industrial clients.
Currently, women account for around 36% of EVNFC’s clients, and the company plans to raise this share significantly. To achieve this, EVNFC will introduce a dedicated product for women-led SMEs, ensuring tailored financial solutions that meet their needs. Our partnership aims at fostering inclusive growth and contributing to sustainable development in Vietnam.
Investment
DGGF commits a USD 8 million loan.
Sector
SME lending with a focus on women-led businesses and future green financing.