Vision Microfinance Fund, a Luxembourg-based fund that focuses on microfinance institutions (MFIs) in emerging countries in Latin America, Eastern Europe and Asia, recently invested USD 2 million in EcoFuturo, a Bolivian microfinance institution (MFI) with 43,486 active borrowers and total assets of USD 118 million as of 2009.
Absolute Portfolio Management GmbH, an Austrian investment company specializing asset allocation, analysis and management of alternative investments, will manage the investment.
By Stefanie Rubin, Research Associate
About Dual Return Vision Microfinance Fund:
The Dual Return Fund is a sub-fund of Vision Microfinance created in 2006 to finance microfinance institutions (MFIs), which are retail micro-lenders. The Dual Return Fund maximizes both the risk-return profile to benefit the investor and the social outreach to small and medium enterprises in emerging economies. Absolute Portfolio Management GmbH, an Austrian investment company specialized in absolute return products and microfinance, manages the fund. Vision Microfinance a group based in Luxembourg that creates funds that maximize both risk-return and social outreach. It is also certified by LuxFLAG, a microfinance investment vehicle certification organization, as of April 2010.
About EcoFuturo:
EcoFuturo is a Bolivian microfinance institution (MFI) with 43,486 active borrowers and total assets of USD 118 million as of 2009. In 2009, it reported a return on assets of 0.99 percent and a return on equity of 10.13 percent.
Additional Resources:
Source Article: CGAP’s Microfinance Dealbook Submission April 2010
MicroCapital Universe: Dual Return Vision Microfinance Fund
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