Overview:
The Dexia Micro-Credit Fund (DMCF) is a microfinance investment vehicle designed to refinance the loans of microfinance institutions (MFIs) that specialize in financial services to micro-entrepreneurs.
Description:
The Dexia Micro-Credit Fund (DMCF) invests in debt instruments issued by microfinance institutions (MFIs), which are retail micro-lenders. DMCF finances 88 institutions in 33 developing countries in Africa, Asia, Eastern and Central Europe and Latin America. DMCF is managed by BlueOrchard Finance SA.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/dexia-microcredit-fund
Organization’s Website:
http://www.blueorchard.com/jahia/Jahia/Products_1/pid/190
http://www.dexia.com/e/discover/sustainable_funds2.php
Just the Facts:
Year Founded: 1998
Country of Incorporation: Luxembourg
Legal Status: SICAV (Société d’Investissement à Capital Variable)-Part B
Fund Assets (as of day/month/year): approximately USD 535 million (as of 04/November/2009)
Assets allocated to MFIs: USD 390 million (as of 04/November/2009)
Number of MFI investments (as of day/month/year): 98 (as of 04/November/2009)
Participant(s)/Backer(s)/Investor(s): BlueOrchard
Area of Operation: Global
Currency: USD, CHF, EUR
Expected Return/Benchmark: Libor USD 6 months + 1% to 2%
Instrument Type: Loans and Debt Securities, Guarantees
Investment Horizon: 3 years
Fund Manager: BlueOrchard Finance SA
Contact Information:
Ann Miles
Managing Director, Head of US Office
BlueOrchard Finance USA Inc.
1140 Broadway, #304, New York NY 10017, USA
Tel.: +1 212 461 4318, Fax: +1 212 944 8749
ann.milesATblueorchard.com
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Additional Resources:
MEET THE BOSS: Jean-Pierre Klumpp of BlueOrchard Finance
https://www.microcapital.org/meet-the-boss-jean-pierre-klumpp-of-blueorch…
Blue Orchard Finance Disburses Over USD 28m to Microfinance Insitutions in May (June 2009)
https://www.microcapital.org/microcapital-story-blue-orchard-finance-disb…
Launched in July 2006, the Luxembourg Fund Labelling Agency (LuxFLAG) has awarded its Microfinance Label to Five Microfinance Investment Vehicles (MIVs) and Attained Listing on the Centrale de Communications Luxembourg (CCLux) Database (May 2008)
https://www.microcapital.org/?s=dmcf&x=0&y=0
BlueOrchard Finance Announces 6.24% Return at Dexia Micro-Credit Fund (May 2008)
https://www.microcapital.org/press-release-blueorchard-finance-announces-…
Dutch Pension Manager PGGM Launches $304m Commitment to Microfinance with $41m Investment in BlueOrchard’s Dexia Micro Credit Fund (DMCF) (April 2008)
https://www.microcapital.org/press-release-dutch-pension-manager-pggm-lau…
Authored by Kenny Kline, Research Associate
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