Incofin Purchases Shares worth ARS 1 million from FIE Grand Poder of Argentina in Microfinance Investment Deal

Incofin is a Belgian co-operative founded in 1992. As of year end 2005, Incofin reported fund assets of $5.6 million with $4.5 million allocated to microfinance investments. Incofin’s recent purchase of shares worth 1 million Argentine Pesos (equivalent to US$325,400) from FIE Grand Poder follows another recent purchase from Peru’s Edpyme Confianza (see Microcapital Blog August 24, 2006).
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