SecondMuse Capital's Revolving Fund, which is still under development and fundraising, was featured in ImpactAlpha, highlighting its 'plastic credit' twist and zero-interest loans, a step forward in addressing the challenges faced by gender-smart, climate focused, small and medium sized enterprises in the region.
SecondMuse Capital, with support from the Visa Foundation, has designed a new financial mechanism called the Revolving Fund to support gender-smart MSMEs in South and Southeast Asia. Currently under development and fundraising, the $8 million fund offers zero-interest loans of $150,000 to $500,000, along with technical assistance to help scale MSMEs working in waste management and recycling.
Designed to be self-sustaining, the fund reinvests capital from repaid loans into new projects and integrates a plastic credits marketplace to maximize impact. Over the next decade, we aim to invest $18 million, support up to 75 companies and expand processing capacity for over 365,000 metric tonnes of plastic waste.
