Developing World Markets (DWM), a US-based asset manager and investment bank, recently announced that it issued loans in February and March 2016 to four unidentified financial institutions serving microentrepreneurs, including a Colombian bank and non-banking financial institutions (NBFIs) in Armenia, India and Nicaragua. The two in Asia primarily operate in agricultural areas, and all but the one in Armenia focus on serving women.
The Armenian NBFI received a loan of USD 3 million that matures on March 15, 2018. The investment in the Colombian bank is worth the peso-equivalent of USD 2.5 million and matures on September 16, 2016. The Indian NBFI received a senior debt investment in rupees equivalent to USD 1.9 million that matures on March 28, 2019, and the NBFI in Nicaragua received a loan of USD 1 million that matures on May 29, 2018.
These and other debt investments disbursed over the past 10 years can be found in the document “DWM’s Impact Debt Investments”. As of March 2016, DWM has USD 1 billion of debt investments under management. As of August 2016, DWM invests in approximately 50 countries.
By Kevin van den Brink, Research Associate
About Developing World Markets
Developing World Markets (DWM) is an asset manager and investment bank based in the US state of Connec. It was founded in 1994 as an emerging markets fund manager and now invests in inclusive financial institutions (IFINs), microfinance institutions (MFIs), small and medium-enterprises (SME), housing and education lenders, and mobile banking service providers. As of March 2016, DWM has USD 1 billion of investments under management. As of August 2016, DWM invests in approximately 50 countries.
Sources and Additional Resources
[1] Developing World Markets, Press Release, “DWM’s Impact Debt Investments”
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