Incofin Investment Management (Incofin IM), a Belgium-based company that manages funds investing in microfinance institutions (MFIs), recently loaned USD 1.5 million over 12 months via the Rural Impulse Fund II to Humo and Partners, a microfinance institution (MFI) based in Dushanbe, Tajikistan.
As of April 2015, Humo reported a gross loan portfolio of USD 31 million and 31,000 clients. It received a license to accept deposits in 2013, but details on this service are not available. Humo operates through a network of 14 branches, 30 business services centers and 24 sub-offices, primarily in the western and southern regions of Tajikistan.
Incofin Investment Management manages eight facilities with total outstanding investments of EUR 350 million (USD 479 million) in approximately 40 countries as of 2014.
By Meredith Steih, Research Associate
About Humo and Partners
Founded in 2004 in Tajikistan by the local affiliate of Switzerland-based nongovernmental organization CARE International, Humo and Partners is a microfinance institution (MFI) that serves micro- and small businesses. In addition to microcredit services, Humo offers consulting services relating to cash-flow analysis and business plans. The MFI obtained a license from the National Bank of Tajikistan to accept micro-deposits in November 2013. Financial details on this service have not yet been disclosed. As of April 2015, Humo reported a gross loan portfolio of USD 31 million and 31,000 clients. It received a license to accept deposits in 2013, but details on this service are not available. Humo operates through a network of 14 branches, 30 business services centers and 24 sub-offices, primarily in the western and southern regions of Tajikistan.
About Incofin Investment Management
Incofin Investment Management is a Belgian company that develops and manages funds investing in microfinance institutions (MFIs) in developing countries. It manages eight facilities with total outstanding investments of EUR 350 million (USD 479 million) in approximately 40 countries as of 2014.
Sources and Additional Resources:
[1] Incofin Press Release, “Rural Impulse Fund Invests in HUMO Tajikistan”, https://www.incofin.com/en/news/rural-impulse-fund-invests-humo-tajikstan
Additional information provided directly to MicroCapital by Incofin.
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $760k to Microfinance Institution Oxus Tajikistan
- MICROCAPITAL BRIEF: Incofin Places $4.3m in Equity in Varashakti Housing Finance via India Progress Fund
- MICROCAPITAL BRIEF: DPAM, Korys Buy Equity in Incofin Investment Management to Boost Impact, Including Via Climate, Gender Funds
- MICROCAPITAL BRIEF: LOLC Buys 28% Equity Stake in Unguka Bank, Provider of Microfinance in Rwanda, from Incofin
- MICROCAPITAL BRIEF: Agritech SuperZop Nets $2.7m in Equity from Incofin India Progress Fund to Connect More Farmers, Retailers