Belgian Impulse Microfinance Investment Fund (Incofin) Purchases a 10% Capital Share of Bolivian Microfinance Institution FIE and Makes Loans to Uganda Microfinance Limited and Sinapi Trust, Ghana

Another story courtesy of the CGAP/MIX Capital Markets newsletter. The Belgium-based Impulse Microfinance Investment Fund (Incofi) invested USD 1.4 mn in the Bolivian microfinance institution (MFI) Fondo Financiero Privado para el Fomento a Iniciativas Economicas ( through a purchase of a ten percent share in their capital stock. FIE was founded in 1985 to be an equitable and inclusive financial institution for micro and small entrepreneurs in Bolivia. In addition to short medium and long term loans it offers a venue for voluntary savings, fund transfer services, and training and consulting for micro and small businesses. According to MIX market, the microfinance information clearinghouse, FIE had a gross loan portfolio of USD 101 mn at the end of 2006 and USD 129 mn in total assets during the same period.
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