The DOEN Foundation, the Dutch charitable fund and co-founder of microfinance investment firm Triodos-Doen Foundation, will provide a USD 200,000 grant to aid the establishment of the International Association of Microfinance Investors (IAMFI), according to Program Manager of Financial Sector Development at DOEN Jeroen Loots. The IAMFI is an organization that will seek to increase investment in microfinance from the private sector by disseminating credible industry data, drawing responsible investors, establishing best practices, and exploring opportunities to influence public policy.
According to an IAMFI mission statement, prior to the formation of the organization, a Working Group (see appendix for full list of members) was assembled to “lay a strategic foundation for its establishment.” The group consists of 14 members from nine organizations including Morgan Stanley, Unitus, Blue Orchard Finance, and the Inter-American Development Bank. Sam Moss of Gray Matters Capital currently serves as the Interim Chair. The group is backed by a team lead by Bob Patillo of Grayghost Capital and the Rockdale Foundation.
This contribution is one of two grants recently approved by the DOEN Foundation to promote global microfinance efforts. The DOEN Foundation’s 2006 Annual Report indicates that the organization holds EUR 80.2 million (USD 113.4 million) in total assets. As of December 2005, DOEN had allocated EUR 43.2 million (USD 51.3 million) to microfinance investments, but planned to increase that amount by EUR 5.9 million (USD 7 million) by December 2006. Updated information from 2006 is not yet available on mixmarket.org.
Additional Resources:
Van Eeghenstraat 70
1071 GK Amsterdam
The Netherlands
DOEN Foundation: 2006 Annual Report: available to download at http://www.doen.nl/web/show/id=44928
International Association of Microfinance Investors (IAMFI)
IAMF Summary/Mission Statement
Microfinance Information eXchange (MIX): DOEN (DOEN Foundation)
Bloomberg: Currency Calculator
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