Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of USD 2 million to Association pour la Coopération avec la Micro Entreprise (ACME) from its microfinance investment vehicle, IIV Mikrofinanzfonds, which lends to financial institutions in developing countries. This is the second time since 2017 that IIV has provided debt funding to the Haiti-based NGO.
Launched in 1997 in Port-au-Prince, ACME provides microloans to individuals in the “medium and lower part of the informal sector.” As of 2016, the most recent available data, ACME had total assets of USD 23.4 million, a loan portfolio of USD 17.4 million and 30 branches serving 30,500 clients. ACME does not accept deposits.
IIV was founded in 2006, and launched IIV Mikrofinanzfonds in 2011. The fund, which focuses on investing in small and medium-sized microfinance institutions (MFIs) in rural areas, accepts investments as small as EUR 100 (USD 112). As of April 2019, it has a volume of EUR 687 million (USD 770 million). Since 2013, IIV Mikrofinanzfonds, across its two share classes, produced annualized returns ranging from 1.06 percent to 4.4 percent. IIV Mikrofinanzfonds’ investments enable loans to 264,000 microentrepreneurs, comprising 59 percent women, at an average loan size of USD 2,160. In addition to microfinance, IIV offers services in sectors such as “sustainable” agriculture and social enterprises.
By Jolene Khor, Research Associate
Sources and Additional Resources
IIV background
https://www.investinvisions.com/en/about-us.html
IIV report, April 2019
https://www.investinvisions.com/files/1904_factsheet_april_2019_englisch.pdf
MICROCAPITAL BRIEF: Société de Promotion et de Participation pour La Coopération Economique (PROPARCO) Lends $4.1m to Association pour la Cooperation avec la Micro Enterprise (ACME) of Haiti to Boost Microlending
https://www.microcapital.org/microcapital-brief-societe-de-promotion-et-de-participation-pour-la-cooperation-economique-proparco-lends-4-1m-to-association-pour-la-cooperation-avec-la-micro-enterprise-acme-of-haiti-to-boost/
MIX Market profile on ACME
https://www.themix.org/mixmarket/profiles/acme
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.
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