Impulse (Incofin)

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Impulse (Incofin)

Key features

  • Country of incorporation: Belgium
  • Year founded: 2004
  • Legal Status: Private Limited Company
  • Fund Assets: USD 23,751,900 ( EUR 18,000,000 as of 2006-12-31)
  • Fund Assets Allocated to MF Investments: USD 23,092,125 (EUR 17,500,000 as of 2006-12-31)
  • Number of active MF investment: 22 ( as of 2006-12-31)
  • Area of Operation: Africa, East Asia and the Pacific, Eastern Europe and Central Asia, Latin America and The Caribbean, Middle East and North Africa, North America, South Asia
  • Participant(s)/Backer(s)/Investor(s): Incofin – Fund Manager, KBC Bank, Volksvermogen, Boerenbond, VDK Spaarbank

Brief Description

The Fund was launched on December 21st, 2004 on the occasion of the International Year of Microcredit by Incofin and four other Belgian financial groups: KBC Bank, one of Belgium’s largest banks with total assets of USD 264,194 million; Volksvermogen, a Belgian financial holding group with total assets of USD 47 million’ Boerenbond, the largest Belgian professional association of agricultural entrepreneurs; VDK Spaarbank, a Belgian savings bank with total assets of USD 2,502 million. The Fund began with an initial capital of USD 5,863,729, with a target size of USD 23,450,983 by 12-2006. The Fund invests in commercially viable MFIs in the developing world, mainly through loans and debt securities. The Fund is managed by Incofin, a fund manager specializing in microfinance investment. MIX states that the Fund seeks to “strengthen inclusive financial markets in developing countries, channel private investment funds to the microfinance industry, [and] target financial return slightly above money market instruments.”


Contact Information

Sneeuwbeslaan, 20 Wilrijk, 2610 Belgium. Phone: + 32 3 829 25 62, Fax: + 32 3 740 78 28

Geert Peetermans Chief Investment Officer + 32 3 829 25 82 geert.peetermans@incofin.be


Link on MIX Market

http://www.mixmarket.org/en/supply/supply.show.profile.asp?token=&ett=1517


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