Overview:
The ShoreCap International (SCI) is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
ShoreCap International (SCI) was launched in 2003 by ShoreBank Corporation. It is an international private equity company that invests in small business banks and regulated MFIs in developing and transitional countries. SCI also coordinates with its affiliate, ShoreCap Exchange, a not-for-profit unit specializing in technical assistance and capacity building, in support of their operations in Africa, Asia and Eastern Europe.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/shorecap-intl
Organization’s Website:
http://www.shorecap.net/
Just the Facts:
Country of Incorporation: Cayman Islands
Year Founded: 2003
Legal Status: Limited Liability Company
Fund Assets (as of day/month/year): USD 28.3 million (as of 31/December/2007)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 11.8 million (as of 31/December/2007)
Number of MFI Investments (as of day/month/year): 11 (as of 31/December/2007)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): ShoreBank Corporation
Instruments: Loans and Debt Securities, Equity, Technical Assistance
Fund Currency: USD
Investment Horizon: 5 years
Fund Manager: ShoreCap Management Ltd
Contact Information:
Davis Golding
Chief Investment Officer
davis_golding@sbk.com
+1 310 649 7857
Kenny Nwosu
Investment Officer
kenny_nwosu@sbk.com
+1 312 881 5868
Additional Resources:
Bhartiya Samruddhi Finance Ltd, a Unit of BASIX Group, Raises USD 9.87m in Capital (May 2009)
https://www.microcapital.org/microcapital-story-bhartiya-samruddhi-financ…
Kenya’s K-Rep Bank Records Loss in Profits, Receives New Capital from IFC, African Development Bank, Shorecap International, Triodos, FMO, K-Rep Group (November 2008)
https://www.microcapital.org/microcapital-story-kenyas-k-rep-bank-records…
Link to Microcapital Universe Wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ShoreCap+International+%28SCI%29
Authored by Kenny Kline, Research Associate
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