PGGM goes into microfinancing

Friday 28 March 2008

Health service pension fund PGGM is to invest up to €200m in microfinance over the next two to three years, the firm said on Friday.

The money will be focused on small firms or family-owned operations in developing countries.

PGGM has some €90bn under management. The country's biggest pension fund, APB, is already involved with microcredit.

© DutchNews.nl

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