The following microfinance investment funds are profiled in this brief:
FRONTIERS
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=FRONTIERS
Global Partnerships Microfinance Fund
Goodwell
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Goodwell
Grameen Credit Agricole Microfinance Fund
FRONTIERS
Overview
Frontiers is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description
Frontiers was founded in 2003 by donations channeled through the American non-profit organization ACDI/VOCA as part of the Central Asia Microfinance Alliance (CAMFA), a project financed by the United States Agency for International Development (USAID). Frontiers aims to support microfinance institutions (MFIs), which are retail microlenders, by providing wholesale loans.
Microfinance Information Exchange (MIX) Profile
http://mixmarket.org/funders/frontiers
Organization’s Website
http://www.frontiers.kg/en/history/
Just the Facts
Country of Incorporation: Kyrgyzstan
Year Founded: 2003
Legal Status: Limited Liability Company
Fund Assets (as of day/month/year): USD 9.1 million (as of 31/December/2007)
Assets allocated to MFI investment (as of day/month/year): USD 7.9 million (as of 31/December/2007)
Number of MFI investments (as of day/month/year): 43 (as of 31/December/2007)
Area of Operation: Central Asia
Participant(s)/Backer(s)/Investor(s): ACDI/VOCA
Instruments: Loans and Debt Securities, Equity
Fund Currency: KGS
Investment Horizon: 3 years
Fund Manager: Ulugbek Khusanov – CEO
Contact Information
201, Abdrahmanova Str.,
720011, Bishkek,
Kyrgyz Republic
e-mail: office@frontiers.kg
Tel./Fax: +996(312) 30 45 03
+996(312) 30 45 11 +996(312) 30 45 12
Additional Resources
Latest News from Frontiers
http://www.frontiers.kg/en/news/
Press Releases from Frontiers
http://www.frontiers.kg/en/press-releases/
International Finance Corporation (IFC) to Assist Four Microfinance Institutions (MFIs) in Central Asia to Accept Deposits (August 2009)
https://www.microcapital.org/microcapital-story-international-finance-cor…
EBDR Loans USD 1mm to Frontiers LLC to support Microfinance in Kyrgyzstan and Tajikistan (May 2007)
http://microcapitalmonitor.com/cblog/index.php?/archives/821-MICROCAPITA…
Global Partnerships Microfinance Fund
Overview
Global Partnerships Microfinance Fund is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description
Global Partnerships Microfinance Fund is comprised of a series of three funds (Global Partnerships Microfinance Fund 2005, Global Partnerships Microfinance Fund 2006, Global Partnerships Microfinance Fund 2008), which invest in microfinance institutions (MFIs), which are retail micro-lenders.
Global Partnerships Microfinance Fund 2005 (MFF 2005) is a USD 2.0 million fund composed of USD 200,000 in philanthropic capital as equity leveraged 10 times by USD 1.8 million in private capital from qualified individual and institutional investors. GP MFF 2005 is currently invested in eight partners in four Latin American countries.
Global Partnerships Microfinance Fund 2006 (MFF 2006) is a USD 8.5 million fund composed of USD 255,000 in philanthropic capital as equity leveraged at a ratio of 32 to 1 by USD 8.2 million in socially motivated debt capital from qualified individual and institutional investors. The fund closed in March 2007 and was disbursed to 14 qualified MFI partners in six countries.
Global Partnerships Microfinance Fund 2008 (MFF 2008) is a USD 20 million fund composed of USD 1.5 million in philanthropic capital as equity leveraged by USD 18.5 million in socially motivated investment of debt and equity capital from qualified individual and institutional investors. The fund closed in November 2008 and will expand all three Global Partnerships’ Funds support to a total of 30 partners in eight countries.
The three funds select MFIs in Latin America that have business models deemed sustainable and are committed to social impact. The three Global Partnerships Microfinance Funds are sub-funds of Global Partnerships.
Microfinance Information Exchange (MIX) Profile
http://mixmarket.org/funders/global-partnerships-microfinance-fund
Organization’s Website
http://www.globalpartnerships.org/
Just the Facts (three funds in aggregate)
Country of Incorporation: United States
Legal Status: 501(c)(3) nonprofit
Fund Assets (as of day/month/year): USD 15.4 million (as of 30/June/2009)
Assets allocated to MFI investment (as of day/month/year): USD 7.9 million (as of 30/June/2009)
Number of MFI investments (as of day/month/year): 29 (as of 30/June/2009)
Area of Operation: Latin America
Participant(s)/Backer(s)/Investor(s): Global Partnerships
Fund Currency: USD
Investment Horizon: Fund Manager: Global Partnerships
Contact Information
United States office:
Global Partnerships
909 NE Boat St, Suite 200
Seattle, WA 98105
Phone: +1 206 652 8773
Fax: +1 206 264 3009
email: info@globalpartnerships.org
Additional Resources
Global Partnerships in the news
http://www.globalpartnerships.org/sections/newsinfo/newsinfo_news_articl…
Press Releases from Global Partnerships
http://www.globalpartnerships.org/sections/newsinfo/newsinfo_news_releas…
Global Partnerships Launches its Third Fund, the $20m Microfinance Fund 2008 (MFF 2008) (November 2008)
https://www.microcapital.org/microcapital-story-global-partnerships-launc…
Global Partnerships Luanches an $8.5 million Microfinance Fund (April 2007)
http://www.microcapitalmonitor.com/cblog/index.php?/archives/746-Global-…
Goodwell
Overview
Goodwell is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs) through equity investments.
Description
Goodwell invests in both new “entrepreneurial” microfinance institutions (MFIs) and established MFIs using long-term risk capital. For start-up and small scale MFIs, Goodwell works with IntelleCash, which provides operational support to the MFIs. Goodwell has founded two funds thus far, Goodwell MDC I and Goodwell MDC II. Goodwell MDC I and Goodwell MDC II are structured as private equity companies. These companies invest in three regional funds: Aavishkaar Goodwell, which invests in India; Goodwell West-Africa, which invests in West Africa; and Aavishkaar Goodwell II, which invests in India. The regional investment companies are established and managed by Aavishkaar in India, Alitheia in Nigeria and JCS in Ghana.
Microfinance Information Exchange (MIX) Profile
http://mixmarket.org/funders/goodwell
Organization’s Website
http://www.goodwell.nl/index.html
Just the Facts (14 word limit per line)
Country of Incorporation: The Netherlands
Year Founded: 2006
Fund Assets (as of day/month/year): USD 4.5 million (as of 2007)
Assets allocated to MFI investment (as of day/month/year): USD 4.5 million (as of 2007)
Area of Operation: India, West Africa
Participant(s)/Backer(s)/Investor(s): The Dutch Development Bank FMO, IFC (World Bank), Deutsche Bank, BlueOrchard, Noaber Foundation, Pension Fund for the Bakers, Pension Fund of the SER and Bedrijfschappen
Instruments: Equity
Fund Currency: EUR
Investment Horizon: 5 to 7 years
Contact Information
Goodwell Investments BV
Mediacentrum 341s
Sumatralaan 45
(Media Centrum, 4th floor)
1217 GP Hilversum
The Netherlands
Tel: +31 35 6772661
info@goodwell.nl
Additional Resources
News from Goodwell
http://www.goodwell.nl/news.html
KNOW A MICROFINANCE FUND: Aavishkaar Goodwell India Microfinance Development Company
https://www.microcapital.org/know-a-microfinance-fund-aavishkaar-goodwell…
Alitheia Capital, Goodwell Investments and JCS Investments Limited Open West African Microfinance Fund Targeted at $50m (May 2009)
https://www.microcapital.org/microcapital-story-alitheia-capital-goodwell…
Indian Microfinance Institution Grameen Koota Receives $2.3m Equity Investment from Aavishkaar Goodwell
https://www.microcapital.org/press-release-indian-microfinance-institutio…
IFC, FMO, and Deutsche Bank Invest in Aavishkaar Goodwell to Support Growth of Microfinance in India (July 2007)
https://www.microcapital.org/news-wire-ifc-fmo-and-deutsche-bank-invest-i…
Grameen Credit Agricole Microfinance Fund
Overview
The Grameen Credit Agricole Microfinance Foundation provides financial services to microfinance institutions (MFIs) and social business projects.
Description
The Grameen Credit Agricole Microfinance Foundation was founded in 2008 with a EUR 50 million (USD 73 million) endowment provided by Crédit Agricole SA and Grameen Trust. The Grameen Credit Agricole Microfinance Foundation offers a range of financing products to microfinance institutions (MFIs), which are retail micro-lenders. The Foundation targets MFIs that are deemed to be adhering to best governance, transparency, and consumer protection practices. The foundation focuses on MFIs dedicated to agricultural and rural development, specifically those intended for women.
Microfinance Information Exchange (MIX) Profile
http://mixmarket.org/funders/grameen-credit-agricole-microfinance-founda…
Organization’s Website
http://www.grameen-credit-agricole.org/en/mission.html
Just the Facts
Country of Incorporation: Luxembourg
Year Founded: 2008
Fund Assets Allocated to MFI Investment (as of day/month/year): EUR 10 million (USD 14.6 million as of 31/July/2009)
Number of MFI Investments (as of day/month/year): 8 (as of 31/July/2009)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): Grameen Trust, Crédit Agricole SA
Instruments: Loan and Debt Securities, Equity, Guarantees, Technical Assistance
Investment Horizon: 2 to 5 years (Loans and Debt Securities, Guarantees)
Contact Information
Yann Masurel
Senior Relationship Manager
yann.masurel@credit-agricole-sa.fr
+33 157 725 027
Additional Resources
Latest News from Grameen Credit Agricole Microfinance Foundation
http://www.grameen-credit-agricole.org/en/index.html
Authored by Kenny Kline, Research Associate
Similar Posts:
- MICROCAPITAL BRIEF: Goodwell Launches uMunthu II Fund for SMEs in Africa
- MICROCAPITAL BRIEF: Global Partnerships, Goodwell, Oikocredit Invest $8.5m in Equity in Good Nature Agro to Boost Profits of Small Farms in Southern Africa
- MICROCAPITAL BRIEF: Invest International Places $11m in Equity Fund uMunthu II to Support Rapidly Expanding SMEs in Africa
- MICROCAPITAL BRIEF: Oxfam, Goodwell Launch Pepea, $23m Fund to Invest in SMEs in East Africa
- MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends $525k to Smart Credit for Microfinance in Moldova
