Through a $3 million equity investment, the International Finance Corporation (IFC), the private investment company of the World Bank, has helped to create Solidus Investment Fund S.A., a new microfinance equity investment fund with a final capitalization projected to be $30 million. Established in 1956 to promote private sector investment in developing countries, the IFC (based in Washington D.C.), had over $26 billion in total assets and a total committed loan portfolio of $19.3 billion as of the end of June this year. The IFC’s stake in the company amounts to 15.54% of Solidus’ initial funding of $19.3 million.
Continue reading “International Finance Corporation Makes $3 Million Equity Investment into New Microfinance Fund Solidus”
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