Gemcorp strives to make a positive impact in the emerging market economies we invest in.
We support charitable organisations that are driven by a desire to achieve excellence, share our commitment to impact positively the lives of local communities through projects that carry lasting benefits to those most in need.
Gemcorp is an underwriter of EMpower — the Emerging Markets Foundation. It was founded in 2000 by EM finance professionals and is supported by the emerging markets communities in in London, New York and Hong Kong. EMpower partners with community-based charities in emerging markets to give at-risk youth opportunities to create a better future focusing on education, health, well-being and livelihoods. Ms. Parvoleta Shtereva, Gemcorp partner and Head of Investments, is a long standing supporter of the charity and serves as Co-Chair of the UK Board of Directors.— LEARN MORE ABOUT EMPOWER
CHANCE FOR THE CHILDREN OF BULGARIA
Prior to forming Gemcorp, the CEO Mr. Atanas Bostandjiev started the Chance for the Children of Bulgaria foundation in 2011. Its goal is to support the development of talented and capable young Bulgarians aged 6 to 20. The charity sponsors their education, professional training and career development. Funded by organisations and private individuals from Bulgaria and abroad, the foundation has been investing in creative initiatives for advanced tuition and preparation in the fields of science, technology and art. Recently, it became the first Bulgarian organization to integrate with the European Talent Support Network and become an official “European Talent Point”.— LEARN MORE ABOUT THE CCB FOUNDATION
Gemcorp Capital is an investor in Jumo — a transaction and predictive technology platform that uses behavioural data to give customers in emerging markets great financial choices. Jumo partners with mobile network providers, payment platforms and financial institutions to deliver credit and savings products to millions of customers in Africa and, soon, Asia too. Jumo is driving financial inclusion: 80% of its customers have never had access to formal financial services. Jumo uses big data analysis and technology to be able to deliver financial services cheaply and efficiently to previously unserved communities. 70% of Jumo’s customers are SMEs — Jumo’s innovative approach directly helps fuel GDP growth and employment.— LEARN MORE ABOUT JUMO
PROVISION OF FOOD AND PHARMACEUTICALS IN ANGOLA
Gemcorp Capital has created an innovative funding solution for the Government of Angola to finance the imports of essential food and pharmaceuticals. The structure is a hybrid between trade finance and a sovereign loan and allows for strict control over the content and timing of deliveries to ensure accountability and transparency. The deliveries have already had a significant impact on the economy, not only by serving the essential needs of the population, but also by ensuring a reduction in food inflation.