Annual Report 2025

2025 was not an easy one for many of the markets we work in. Enterprises had to deal with tighter access to finance, climate pressures, and, in some places, ongoing conflict and instability.

For many small and growing businesses, the question has simply been whether they can continue operating. In that context, our focus was on supporting enterprises with solutions that enable them to keep going, adapt where necessary, and grow over time. At its core, this work is about strengthening the markets in which these businesses operate, so they can continue to function and support livelihoods.

Over the course of the year, we saw that this approach made a difference. Through our initiatives, we reached over 1.62 million people and 316,000 households.