According to an article published on the Microfinance Focus website, Belgium-based microfinance fund manager Incofin Investment Management is on track to meeting its target of EUR 100 million (USD 139 million) for its second Rural Impulse Fund by next quarter. The fund has already invested USD 4 million in Indian microfinance institutions (MFIs) Asomi Finance Private Ltd and Grameen Koota. The fund aims to invest USD 1 million to USD 5 million in MFIs.
“We have significant amount of commitments from investors across the globe. All the institutional investors are very keen on how we add value to microfinance institutions across the world,” said Incofin Investment Management private equity expert Mr Aditya Bhandari.
By: Stefanie Rubin, Research Assistant
About Incofin Investment Management:
Incofin Investment Management currently manages five microfinance-focused funds worth a total of EUR 128 million. Its funds support 72 microfinance institutions across 32 countries.
Additional Resources:
Source Article: Microfinance Focus Latest News: “Incofin Aims at Closing Fundraising for Rural Impulse Fund II in 2 months,” http://www.microfinancefocus.com/news/2010/02/05/incofin-aims-at-closing-fundraising-for-rural-impulse-fund-ii-in-2-months/
VCCircle.com: Belgian MFI Fund Incofin Hits Road to Raise $139M: http://in.reuters.com/article/indiaDeals/idINIndia-45962520100206?pageNumber=1&virtualBrandChannel=0
MicroCapital Universe: Incofin Impulse Microfinance Fund: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Impulse+Microfinance+Fund
MicroCapital Universe: Incofin Rural Impulse Fund (RIF): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Rural+Impulse+Fund+%28RIF%29
MicroCapital Universe: Incofin VDK MFI Loan Portfolio: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+VDK+MFI+Loan+Portfolio
Similar Posts:
- MICROCAPITAL BRIEF: DPAM, Korys Buy Equity in Incofin Investment Management to Boost Impact, Including Via Climate, Gender Funds
- MICROCAPITAL BRIEF: Incofin Closes India Progress Fund with $77m to Promote Financial Inclusion, Agricultural Value Chains
- MICROCAPITAL BRIEF: Agritech SuperZop Nets $2.7m in Equity from Incofin India Progress Fund to Connect More Farmers, Retailers
- MICROCAPITAL BRIEF: Incofin Places $4.3m in Equity in Varashakti Housing Finance via India Progress Fund
- MICROCAPITAL BRIEF: Microfinance Institution PEBCo-Bethesda of Benin Borrows $2m from Incofin via Agricultural Liquidity Fund