Source: Microvest.
BETHESDA, MD. January 30 – MicroVest announced today that it has surpassed the milestone of $100 million in assets and commitments. In just five years since the launch of its first fund, MicroVest I, LP, MicroVest has expanded and grown its lines of business, in spite of the past year’s economic turmoil. “This is a continuing vote of confidence for MicroVest and for the commercial microfinance industry worldwide”, says Chairman W. Bowman Cutter.
CEO and Co-Founder, Gil Crawford, believes that individual and institutional investors remain focused on creating a greater impact through responsible investing. “MicroVest’s solid growth”, said Crawford, “would not be possible without the solid returns we’ve achieved for our investors in our earlier facilities. By making the developing markets more efficient, competitive and inclusive, we are creating strong developmental impact. By providing commercial investment returns, we are scaling that developmental impact.”
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