Vision Microfinance Fund, a Luxembourg-based fund that focuses on microfinance institutions (MFIs) in emerging countries in Latin America, Eastern Europe and Asia, recently invested USD 2 million in EcoFuturo, a Bolivian microfinance institution (MFI) with 43,486 active borrowers and total assets of USD 118 million as of 2009.
Absolute Portfolio Management GmbH, an Austrian investment company specializing asset allocation, analysis and management of alternative investments, will manage the investment.
By Stefanie Rubin, Research Associate
About Dual Return Vision Microfinance Fund:
The Dual Return Fund is a sub-fund of Vision Microfinance created in 2006 to finance microfinance institutions (MFIs), which are retail micro-lenders. The Dual Return Fund maximizes both the risk-return profile to benefit the investor and the social outreach to small and medium enterprises in emerging economies. Absolute Portfolio Management GmbH, an Austrian investment company specialized in absolute return products and microfinance, manages the fund. Vision Microfinance a group based in Luxembourg that creates funds that maximize both risk-return and social outreach. It is also certified by LuxFLAG, a microfinance investment vehicle certification organization, as of April 2010.
About EcoFuturo:
EcoFuturo is a Bolivian microfinance institution (MFI) with 43,486 active borrowers and total assets of USD 118 million as of 2009. In 2009, it reported a return on assets of 0.99 percent and a return on equity of 10.13 percent.
Additional Resources:
Source Article: CGAP’s Microfinance Dealbook Submission April 2010
MicroCapital Universe: Dual Return Vision Microfinance Fund
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: Impact Asset Management’s Dual Return Vision Microfinance Funds Issue Loans to MFIs in Ecuador, Georgia, Kyrgyzstan, Paraguay
- MICROCAPITAL BRIEF: Khan Bank Raises $10m in Bond Sale to Vision Microfinance Dual Return Fund to Support Women’s SMEs in Mongolia
- MICROCAPITAL BRIEF: Seedstars Accepting Applications from Fintechs Offering “Financial Innovations for Women Affected by Migration” Through July 30
- MICROFINANCE EVENT: International Conference on Inclusive Insurance (ICII); October 23-27, 2023; Accra, Ghana
- MICROCAPITAL BRIEF: DreamStart Labs Adding VisionFund as Preferred Financial Service Provider in Savings Groups App DreamSave
