Incofin Investment Management, a firm based in Belgium, recently made an INR 100 million (approximately USD 2.21 million) equity investment in Indian microfinance institution (MFI) Hope Microcredit, which is based in Kerala.
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MICROCAPITAL BRIEF: The European Investment Bank, The International Finance Corporation (IFC), KfW Entwicklungsbank, The Belgian Investment Company for Developing Countries (BIO), The Netherlands Development Finance Company (FMO) and Incofin Investment Management Launch Rural Impulse II, a Rural Microfinance Fund
The European Investment Bank, the International Finance Corporation (IFC), KfW Entwicklungsbank, the Belgian Investment Company for Developing Countries (BIO) and the Netherlands Development Finance Company (FMO) have joined together to launch Rural Impulse II, a rural microfinance fund and successor to Rural Impulse Fund I. Several unnamed private banks and investors will also participate. The fund is an initiative of Incofin Investment Management, which has USD 36.2 million in under management and will act as fund advisor. The goal of the fund is to improve access to finance for poor rural communities around the world.
MICROCAPITAL BRIEF: Microfinance Fund Manager Incofin Set to Raise $139m by Next Quarter
According to an article published on the Microfinance Focus website, Belgium-based microfinance fund manager Incofin Investment Management is on track to meeting its target of EUR 100 million (USD 139 million) for its second Rural Impulse Fund by next quarter.
KNOW A MICROFINANCE FUND: Hivos-Triodos Fund (HTF), Incofin Rural Impulse Fund (RIF), Incofin VDK MFI Loan Portfolio, ACCION Latin America Bridge Fund (LABF)
The following microfinance investment funds are profiled in this brief:
Hivos-Triodos Fund (HTF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Hivos-Triodos+Fund+%28HTF%29
Incofin Rural Impulse Fund (RIF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Rural+Impulse+Fund+%28RIF%29
Incofin VDK MFI Loan Portfolio
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+VDK+MFI+Loan+Portfolio
ACCION Latin America Bridge Fund (LABF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Latin+America+Bridge+Fund+%28LABF%29
KNOW A MICROFINANCE FUND: Fonds International de Garantie (FIG) (International Guarantee Fund (IGF)), Investisseur et Partenaire pour le Développement (I&P), Gray Ghost Fund, Incofin Impulse Microfinance Fund
The following microfinance investment funds are profiled in this brief:
Fonds International de Garantie (FIG) (International Guarantee Fund (IGF))
Investisseur et Partenaire pour le Développement (I&P)
Gray Ghost Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Gray+Ghost+Fund
Incofin Impulse Microfinance Fund
PRESS RELEASE: Incofin Makes Equity Investment of $750,000 in Haitian Microfinance Institution ACME
Source: Incofin.
MICROCAPITAL STORY: Incofin of Belgium Invests in Asomi Finance Private Ltd. in India
Incofin, a Belgian microfinance fund manager that invests in microfinance institutions (MFIs), has taken a 34 percent stake in Asomi Finance Private Ltd. (Asomi FPL) in Assam, India. Asomi FPL is an institution that undertakes microfinance, income generation and development activities in the state. Over 90 percent of its operations is devoted to microfinance, and Asomi has grown from less than 4,000 borrowers in 2005 to over 30,000 reached through 40 branches as of 2008. Incofin was established in 1992, and this is Incofin’s first investment in India.
MICROCAPITAL STORY: Incofin Invests USD 4.4m in Microfinance Institutions Seilanithih Limited, Apoyo Integral, and Mibanco
Incofin is a Belgium-based private social investment company that invests in microfinance institutions (MFIs) through loans, equity investments, and guarantees. In addition to its own portfolio, Incofin manages four microfinance funds – the Impulse Microfinance Investment Fund, the Rural Impulse Fund, VDK MFI Fund, and Volksvermogen. As of April 30, 2009, Incofin had invested EUR 127.8 million (USD 178.5 million) in 65 MFIs across 26 countries. In May, Incofin reported to the CGAP Microfinance Dealbook that it had offered debt products totaling USD 4.375 million to three MFIs – Seilanithih in Cambodia, Apoyo Integral in El Salvador, and Mibanco in Peru.
MICROFINANCE EVENT: Second Annual Microfinance Investment Summit, October 6-7, 2009, London, United Kingdom, Sponsored by Incofin
Microfinance Event: Second Annual Microfinance Investment Summit, October 6-7, 2009, London United Kingdom, Sponsored by Incofin
Second Annual Microfinance Investment Summit, October 6-7, 2009, London, United Kingdom, Sponsored by Incofin
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROCAPITAL STORY: Rural Impulse Fund of Belgium’s Incofin Invests in Asomi, an Indian MFI
Incofin, a Belgian private social investment company that invests in MFIs, has signed an agreement with Asomi, an MFI operating in Assam, India. Incofin’s Rural Impulse Fund, which makes debt and equity investments in rural MFIs, acquired 25% of the capital of Asomi for an undisclosed amount. The investment represents Incofin’s first entry into India.
PRESS RELEASE: INCOFIN has Realized its First Equity Participation in India in ASOMI, the Leading MFI in the State of Assam (North-Eastern India)
Source: Incofin
MICROCAPITAL STORY: Pilot Project Koshi Yomuti to Become Namibia’s First Microfinance Bank with Funds from GTZ, FIDES, Incofin, Swiss Microfinance Holding and Investisseur et Partenaire Pour le Development
Koshi Yomuti, a six year old microfinance project whose name means “banking under a tree” will become Namibia’s first commercial micro finance bank with seed capital of Euro 2.3 million from the German Technical Cooperation (GTZ), a federally owned international cooperation enterprise based outside of Frankfurt, Germany. The grant money will be used to create the first purely micro finance banking institution in Namibia upgrading the Koshi Yomuti/Ohangwena Pilot Project to a commercial microfinance bank. The bank will be owned by foreign investors, including KfW (on behalf of GTZ), FIDES (Switzerland), Swiss Microfinance Holding (Switzerland), Incofin (Belgium), and Investisseur et Partenaire pour le Development (France).
MICROCAPITAL STORY: Luxembourg Fund Labelling Agency (LuxFLAG) Grants Label to Belgian Microfinance Investment Company Incofin’s Rural Impulse Fund (RIF)
Nonprofit Luxembourg Fund Labelling Agency (LuxFLAG) has granted its label to the
Rural Impulse Fund SA, SICAV-FIS (RIF). The LuxFLAG label indicates that RIF, which invests in microfinance institutions (MFIs) in rural areas, is truly investing in microfinance activities. The label was initiated to provide increased assurance to investors that commercial microfinance investment vehicle’s (MIVs) were committed to delivering microfinance services.
PRESS RELEASE: Incofin of Belgium Receives LuxFLAG Label for Rural Impulse Fund
Source: LuxFLAG.
MICROCAPITAL STORY: Akiba Commercial Bank of Tanzania to Receive a Total of $5.2m in Capital from Accion Investments in Microfinance, the Hivos-Triodos Fund Foundation, Incofin, Inter-Consult, the Netherlands Development Finance Company, the Parastatal Pension Fund, the Triodos-Doen Foundation, and 70 Private Tanzanian Individuals
Based in Dar Es Salaam, Tanzania, Akiba Commercial Bank (ACB) will receive a total of USD 5.2 million in a capitalization program which includes investments from ACCION Investments in Microfinance (ACCION Investments), the Hivos-Triodos Fund Foundation (HTF), Incofin, Inter-Consult, the Netherlands Development Finance Company (FMO), the Parastatal Pension Fund (PPF), the Triodos-Doen Foundation (TDF), and nearly 70 private Tanzanian individuals. The capitalization effort is coupled with a contract between ACB and ACCION International (ACCION) in which the latter of the two will provide short-term technical assistance and a senior management team.
MICROCAPITAL STORY: Incofin of Luxembourg Lends $2m to Guatemalan Microfinance Institution (MFI) FUNDEA, $1m to Bolivian MFI FADES, and $300k to Ghanaian MFI Sinapi Aba Trust
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) reported that Incofin, a Luxembourg-based social investment company, has issued loans of USD 2 million to Guatemalan microfinance institution (MFI) FUNDEA, USD 1 million to Bolivian MFI FADES, and USD 300,000 to Ghanaian MFI Sinapi Aba Trust.
MICROCAPITAL STORY: IMON Receives USD 1.5 million in Investments from Incofin and MicroCredit Enterprises
The Consultative Group to Assist the Poor (CGAP) recently reported International Microloan Fund (IMON), a non-bank microfinance institution based in Tajikistan, received loan investments of USD 500 thousand from US-based MicroCredit Enterprises and USD 1 million from Incofin of Belgium this past February 2008.
MICROCAPITAL STORY: Belgian Investment Firm Incofin Provides USD 1 Million to Nicaraguan Microfinance Institution Fundación José Nieborowski through Impulse Microfinance Investment Fund
This story comes courtesy from the Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse. The Impulse Microfinance Investment Fund (Impulse), managed by Incofin, a Belgian social investment company, has directed a USD 1 million loan to Fundación José Nieborowski, a Nicaraguan microfinance institution (MFI). The loan investment contributes to the MFI’s gross loan portfolio of USD 20.2 million, increasing its size by roughly 5 percent. Impulse is now the fourth investment vehicle to financially back Fundación José Nieborowski, joining the ranks of MicroVest One, a US-based limited partnership, Oikocredit, a Dutch investment firm, and the Oxfam Novib Fund, a Netherlands philanthropic investment fund.