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Finance

Southeast Asia's newest impact investor is Japan's Credit Saison

Credit card firm readies $10m for microlenders in Vietnam and Indonesia

A vendor sells cakes for tourists in Hanoi. Japan's Credit Saison will provide funding for microloans to small businesses in Southeast Asia.   © Reuters

TOKYO -- Japanese financial services group Credit Saison will start investment that benefits society in Southeast Asia, beginning with roughly 1 billion yen ($9.6 million) in funding for local lenders.

The company, one of Japan's top credit card issuers, will finance such projects as lending to low-income borrowers and microenterprises, in a practice known as impact investing.

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