MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa

In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993.

The sum was loaned from the Dexia Microcredit Fund (DMCF), an MIV managed by BlueOrchard Finance. According to the Microfinance Information Exchange (MIX), as of 2008, EDPYME Alternativa has a loan portfolio of USD 15.4 million, total assets of USD 21.0 million and 20,844 active borrowers.

About BlueOrchard:
BlueOrchard is a Swiss commercial microfinance intermediary that provides loans to microfinance institutions through its subsidiary BlueOrchard Finance and invests in the equity of microfinance institutions and microfinance funds through its subsidiary BlueOrchard Investments. It had approximately USD 980 million under management as of June 2009.

About Dexia Micro-Credit Fund (DMCF):
The Dexia Micro-Credit Fund (DMCF) invests in debt instruments issued by microfinance institutions (MFIs), which are retail micro-lenders. DMCF is managed by BlueOrchard Finance SA. It is also certified by LuxFLAG, an independent organization that certifies that microfinance vehicles actually invest in the microfinance sector. As of 2009, DMCF has USD 531 million in assets.

About EDPYME Alternativa:
Initially founded by the Peruvian Chamber of Commerce, EDPYME Alternativa aims to improve the living conditions of its clients by supporting their entrepreneurial activities and generating employment in small and medium- sized enterprises (SMEs). According to the Microfinance Information Exchange (MIX), as of 2008, EDPYME Alternativa has a loan portfolio of USD 15.4 million, total assets of 21.0 million and 20,844 active borrowers.

By Trevor Kwong, Research Assistant

Sources and Additional Resources:
[1] Source: Data submitted by BlueOrchard to MicroCapital

[2] MicroCapital Universe: BlueOrchard:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=BlueOrchard

[3] MicroCapital Universe: Dexia Microcredit Fund:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Dexia+Microcredit+Fund+(DMCF)

[4] Microfinance Information Exchange (MIX): EDPYME Alternativa:
http://www.mixmarket.org/mfi/edpyme-alternativa

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