KNOW A MICROFINANCE FUND: ACCION Investments in Microfinance SPC

Overview:
The ACCION Investments in Microfinance, SPC fund (ACCION Investments) is a microfinance investment vehicle which mobilizes funds for microfinance institutions (MFIs).

Description:
ACCION Investments provides equity and quasi-equity financing to microfinance institutions (MFIs), which are retail micro-lenders. ACCION Investments’ investors include government entities and private investors, including the International Finance Corporation, the Belgian Investment Company, the Netherlands Development Institution, the Finnish Fund for Industrial Cooperation Ltd., the Arthur Rock 2000 Fund, the Andromeda Fund, and Banco Centroamericano de Integracion Economica. ACCION Investments is managed by ACCION Investments Management Company, LLC, a subsidiary of ACCION International. Currently ACCION Investments’ portfolio consists primarily of equity investments in MFIs in Latin America and Africa, including ACCION Microfinance Bank LTD, Nigeria, Akiba Commercial Bank LTD, Tanzania, Banco Solidario S.A., Ecuador, BancoSol, Bolivia, Banco Popular Covelo, S.A., Honduras, Banco Vision, S.A. E.C.A., Paraguay, Columbia Microcreditos, S.A., Argentina, Eco ACCION Senegal, Senegal, Financiera FAMA, S.A., Nicaragua, Mibanco, Peru, and EB-ACCION Savings & Loans, Ghana. ACCION Investments has a parallel technical assistance facility with USD 2 million in commitments.

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/accion-investments

Organization’s Website:
http://www.accion.org/Page.aspx?pid=4934

Just the Facts:
Country of Incorporation: Cayman Island
Year Founded: 2003
Legal Status: Segregated Portfolio Company
Area of Operation: Africa, Latin America and Caribbean
Participant(s)/Backer(s)/Investor(s): ACCION Investment Management Company, LLC and ACCION International
Instruments: Loans and Debt Securities, Equity, Technical Assistance
Fund Currency: USD
Investment Horizon: 5-10 years

Contact Information:
Enrique Ferraro
Vice President, Capital Markets ACCION International
eferraro@accion.org
01 617 625 7080 x1110

Additional Resources:
Latest news on ACCION Investments in Microfinance, SPC on Microcapital.org
https://www.microcapital.org/?s=%22ACCION+Investments+in+Microfinance%22&x=0&y=0

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, the Triodos-Doen Foundation, and 70 Private Tanzanian Individuals (June 2008)
https://www.microcapital.org/?s=%22ACCION+Investments+in+Microfinance%22&x=0&y=0

ACCION Investments in Microfinance Supports Launch of Bancovelo, Honduras’s Leading Commercial Microfinance Bank (March 2008)
http://www.csrwire.com/press/press_release/17630-ACCION-Investments-in-Microfinance-Supports-Launch-of-Bancovelo-Honduras-s-Leading-Commercial-Microfinance-Bank

ACCION Investments in Microfinance, SPC Begins Operations Equity Investment for Financial Institutions Serving the Poor (March 2003)
http://www.ifc.org/ifcext/LAC.nsf/Content/SelectedPR?OpenDocument&UNID=48F07690AB05047585256CED006D86D8

Link to Microcapital Universe, Your Wiki for Microfinance and More:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Investments+in+Microfinance+SPC

Authored by Kenny Kline, Research Associate

Similar Posts: