The Consultative Group to Assist the Poor (CGAP) recently reported Triodos-Doen Foundation, Triodos Fair Share Fund and Hivos-Triodos Fund of the Netherlands invested USD 7.5 million in four Latin American microfinance institutions. Organización de Desarollo Empresarial Feminino (ODEF OPDF) of Honduras received a loan investment of USD 2 million divided between the Triodos Fair Share Fund and the Hivos-Triodos fund. The Triodos Fair Share Fund invested USD 2.5 million each in loans to EPDYME Edyficar of Peru and and Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) of Bolivia. FIE Gran Poder S.A. based in Buenos Aires, Argentina was granted a loan of USD 528,000 by the Triodos-Doen Foundation.
Formed in 1994, Triodos-Doen, a partnership between Triodos Bank of the Netherlands and the Doen Foundation invests in microfinance institutions in the form of loans and equity investments. With a portfolio of USD 60.7 million as of June 2007, they support the growth of the microfinance sector on a global scale.
Hivos-Triodos Fund is a Triodos Bank partnership with the Humanist Institute for Cooperation with Developing Countries (Hivos). The Hivos-Triodos Fund was established in 1994, encouraging and facilitating Triodos Bank’s clients to become involved in global microfinance activities by investing through special savings accounts. Their portfolio is currently at USD 51.5 million.
The Triodos Fair Share Fund was established in 2002 as a closed mutual fund to provide finance in the form of loans and equity to sustainable microfinance institutions. Managed by Triodos Bank, the fund invests globally in developing countries with a mission to give financial access to the poor. Triodos Fair Share fund currently has assets totaling USD 54.3 million with USD 22.1 million allocated to microfinance investments in the next twelve months.
Organización de Desarollo Empresarial Feminino (ODEF OPDF) is a non-bank financial institution established in 1989 to provide financial services to small businesses and microenterprises. Based in Honduras, ODEF currently has over 22,000 active borrowers with a gross loan portfolio of over USD 22 million and total assets of USD 25.5 million. Their return on assets (ROA) is 6.39 percent with a return on equity (ROE) of 29.7 percent.
EPDYME Edyficar is a non-bank financial institution based in Peru. Established in 1997 by CARE Peru, a non-profit international aid organization, EPDYME Edyficar focuses on micro-entrepreneurs and small businesses, providing financial services in the form of loans to be used towards working capital, equipment, machinery, construction, vehicle insurance, and other business-related expenses. Currently, EPDYME Edyficar serves over 137 thousand active borrowers and has a total loan portfolio of USD 127.9 million. Their total assets at the end of 2007 were reported at USD 152.9 million. EPDYME Edyficar’s return on assets (ROA) was reported at 5.92 percent with a return on equity (ROE) of 34.85 percent.
Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) is a Bolivian non-bank financial institution. Established in 1985 with, this microfinance institution currently has 47 branches networked throughout the country with a mission of supporting the economic activities of families and groups living in poverty. FIE provides loans, voluntary savings, fund transfer services, and training and consulting. The institution currently serves nearly 80,000 active borrowers and has a gross loan portfolio of over USD 161 million. Their total assets as of the end of 2007 were reported at USD 193 million with a return on assets (ROA) of 1.86 percent and a return on equity (ROE) of 17.78 percent.
FIE Gran Poder S.A. is a non-bank financial institution based out of Buenos Aires, Argentina. Founded in 2001, they provide microfinance services in the form of loans and fund-transfers. FIE Gran Poder currently serves 6,473 active borrowers with a gross loan portfolio of USD 8.8 million. Their total assets were reported at USD 10.4 million at the end of 2007 with a return on assets (ROA) of 1.61 percent and a return on equity (ROE) of 8.42 percent.
By Melissa Duscha
Additional Resources:
The Consultative Group to Assist the Poor (CGAP)
The Consultative Group to Assist the Poor (CGAP) recent list of transactions
The Doen Foundation
Triodos-Doen: MIX Market Profile
Triodos Fair Share Fund: MIX Market Profile
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