responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt and equity investments totaling the equivalent of USD 5.5 million in two microfinance institutions (MFIs), TBC Kredit of Azerbaijan and Kazmicrofinance Limited Liability Company (KMF) of Kazakhstan, and microfinance investment vehicle ACCION Investments in Microfinance, which was established by US-based nonprofit ACCION International [1].
Search Results for: "ACCION Investments in Microfinance"
KNOW A MICROFINANCE FUND: ACCION Investments in Microfinance SPC
Overview:
The ACCION Investments in Microfinance, SPC fund (ACCION Investments) is a microfinance investment vehicle which mobilizes funds for microfinance institutions (MFIs).
MICROCAPITAL STORY: Akiba Commercial Bank of Tanzania to Receive a Total of $5.2m in Capital from Accion Investments in Microfinance, the Hivos-Triodos Fund Foundation, Incofin, Inter-Consult, the Netherlands Development Finance Company, the Parastatal Pension Fund, the Triodos-Doen Foundation, and 70 Private Tanzanian Individuals
Based in Dar Es Salaam, Tanzania, Akiba Commercial Bank (ACB) will receive a total of USD 5.2 million in a capitalization program which includes investments from ACCION Investments in Microfinance (ACCION Investments), the Hivos-Triodos Fund Foundation (HTF), Incofin, Inter-Consult, the Netherlands Development Finance Company (FMO), the Parastatal Pension Fund (PPF), the Triodos-Doen Foundation (TDF), and nearly 70 private Tanzanian individuals. The capitalization effort is coupled with a contract between ACB and ACCION International (ACCION) in which the latter of the two will provide short-term technical assistance and a senior management team.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Taiwan International Cooperation and Development Fund (TaiwanICDF) Lend $3.5m to TBC Kredit of Azerbaijan for Micro-, Small, Medium-Sized Enterprises
The UK-based European Bank for Reconstruction and Development (EBRD) recently reported that it will lend USD 2.5 million to Tbilisi Business Centre (TBC) Kredit LLC, a microfinance institution (MFI) based in Azerbaijan, to support on-lending micro-, small and medium-sized enterprises (MSMEs) in Azerbaijan.
MICROCAPITAL BRIEF: responsAbility Invests $2.3m in Microfinance Institutions Arnur Credit of Kazakhstan, FINCA Armenia, FinDev of Azerbaijan
responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 2.3 million in microfinance institutions (MFIs) Arnur Credit of Kazakhstan, FINCA Armenia and Finance for Development LLC (FinDev) of Azerbaijan [1].
MICROCAPITAL BRIEF: Microfinance Initiatives of EcoBank, ACCION Win International Awards in Nigeria, Ghana
EB-ACCION Savings and Loans (EB-ASL), a Ghanaian microfinance institution, and ACCION Microfinance Bank (AMfB) of Nigeria, have recently won awards commemorating their contributions to providing microfinance services to low-income entrepreneurs. Both organizations count EcoBank, a Togo-based banking group, and US-based nonprofit ACCION International as investors.
MICROCAPITAL BRIEF: Microfinance Institution (MFI) EB-ACCION Microfinance of Cameroon Forecasts Serving 70k Savers in First Five Years
In its first five years of operation, EB-ACCION Microfinance, a microfinance institution (MFI) based in Cameroon, expects to open 71,000 savings accounts, accumulating total deposits of USD 30.8 million while serving 28,400 borrowers with an outstanding loan portfolio of USD 32 million [1].
MICROCAPITAL SPECIAL REPORT: “Principles for Investors in Inclusive Finance” Launched at Responsible Finance Forum in The Hague, Netherlands
A group of 40 global investors in the microfinance industry, including US retirement planning firm TIAA-CREF and several microfinance investment vehicles (MIV), recently launched a set of guiding principles for investing in the microfinance industry at the Responsible Finance Forum in The Hague, Netherlands. The initiative – titled “Principles for Investors in Inclusive Finance” – is reportedly the brainchild of Her Royal Highness Princess Maxima, the United Nations Secretary General’s Special Advocate for Inclusive Finance for Development, and a core group of Dutch investors, including; Triodos, a microfinance investment vehicle (MIV); Goodwell, a for-profit social investment outfit; Oikocredit, a cooperative investment fund; PGGM, an investment and pension firm; and SNS Asset Management, an institutional investment group. The group and Her Royal Highness Princess Maxima developed the principles together with CGAP and the United Nations-backed Principles for Responsible Investment (PRI), a network of international investors created to promote the practice of responsible investing.
MICROCAPITAL BRIEF: ACCION International and Ecobank Partner to Form EB-ACCION Microfinance in Cameroon
EB-ACCION Microfinance, a microfinance institution (MFI) formed by ACCION International, a nonprofit organization with partner MFIs in over 20 countries, and Ecobank, a pan-African bank with a network of over 500 branches in 27 countries, recently launched its first two branches in Cameroon.
KNOW A MICROFINANCE FUND: Triodos-Doen Foundation
Overview:
The Triodos-Doen Foundation is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
KNOW A MICROFINANCE FUND: Hivos-Triodos Fund (HTF), Incofin Rural Impulse Fund (RIF), Incofin VDK MFI Loan Portfolio, ACCION Latin America Bridge Fund (LABF)
The following microfinance investment funds are profiled in this brief:
Hivos-Triodos Fund (HTF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Hivos-Triodos+Fund+%28HTF%29
Incofin Rural Impulse Fund (RIF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Rural+Impulse+Fund+%28RIF%29
Incofin VDK MFI Loan Portfolio
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+VDK+MFI+Loan+Portfolio
ACCION Latin America Bridge Fund (LABF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Latin+America+Bridge+Fund+%28LABF%29
KNOW A MICROFINANCE FUND: Fonds International de Garantie (FIG) (International Guarantee Fund (IGF)), Investisseur et Partenaire pour le Développement (I&P), Gray Ghost Fund, Incofin Impulse Microfinance Fund
The following microfinance investment funds are profiled in this brief:
Fonds International de Garantie (FIG) (International Guarantee Fund (IGF))
Investisseur et Partenaire pour le Développement (I&P)
Gray Ghost Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Gray+Ghost+Fund
Incofin Impulse Microfinance Fund
MICROCAPITAL STORY: ACCION Microfinance Bank Limited of Nigeria Has Reached Total Assets of USD 9.1 Million
The ACCION Microfinance Bank Limited (AmfB) of Nigeria which was incorporated in May 2006 and granted an operating license by the Central Bank of Nigeria in April 2007 [1], announced that it has reached a benchmark in serving over 10,000 customers with USD 10.1 million worth of loans disbursed [2]. A further look at its financials reveals other key numbers.
US Gray Ghost Fund Continues Secondary Market Activity
Gray Ghost, a for-profit microfinance investment fund, announced recently that it has completed 3 large-scale secondary market deals in the last three months.
In September, Gray Ghost completed a transaction on behalf of Gray Matters Capital (pg 1-2), a sister organization. It bought 2305 shares in the Accion Investments in Microfinance Fund (AIM) for $3.8 million from the Inter-American Development Bank (IADB)’s Multilateral Investment Fund (MIF). This is the fund’s second investment in AIM, after its December 2003 purchase of $1,000,000 in equity to become the largest private investor in the fund. The MIF was established in 1993 by the IADB, an international bank owned by the governments of its 47 member countries. AIM was founded in 2003 with a market capitalization of $19.5 million.
Continue reading “US Gray Ghost Fund Continues Secondary Market Activity”
Microfinance Investment Funds Ranked by Size and Microcredit Allocation
|
FUND NAME Ranked by $ Size of Fund |
SIZE OF FUND $USD |
FUNDS ALLOCATED TO MICROFINANCE $USD |
ROI |
|
1. Oikocredit World Partnership Investments |
304,662,000 |
80,764,000 |
2% |
|
2. ProCredit Holding Aktiengesellschaft |
110,918,700 |
89,181,767 |
5-6.5% |
|
3. Calvert Community Investment Notes |
80,000,000 |
20,000,000 |
3% |
|
4. Dexia Microcredit Fund |
51,669,512 |
46,334,570 |
5.5-7.5% |
|
5. Blue Orchard Microfinance Securities |
40,069,833 |
38,000,000 |
4.55-8.8% |
|
6. ASN-Novib Fonds |
28,421,190 |
9,473,730 |
1.20% |
|
7. AXA World Funds |
23,073,410 |
1,481,556 |
5.10% |
|
8. MicroVest I, LP: Equity |
not available |
not available |
7-9% |
|
9. MicrovestI, LP: Subordinated Debt |
not available |
not available |
4.5-6% |
|
10. mPower Investment Program |
not available |
not available |
0-3% |
|
11. Impulse Microfinance Investment Fund |
15,413,875 |
15,413,875 |
4% |
|
12 Triodos Fair Share Fund |
14,583,596 |
6,983,086 |
2-4% |
|
13. Accion Investments in Microfinance |
12,969,985 |
12,512,329 |
8-10% |
|
14. responsAbility Global Microfinance Fund |
11,449,977 |
11,449,977 |
3.56% |
|
15. ALTERFIN |
11,084,244 |
3,628,790 |
6% |
|
16. Partners for the Common Good |
7,095,500 |
300,000 |
3% |
|
17. Latin American Bridge Fund |
5,340,505 |
1,450,000 |
0-2.875% |
|
18. CRESUD |
2,483,480 |
1,490,088 |
2.75% |
|
19. Global Bridge Fund |
1,691,000 |
not available |
0-2.875% |
Microfinance Investment Funds Ranked by Microcredit Allocation
|
FUND NAME |
SIZE OF FUND $USD |
FUNDS ALLOCATED TO MICROFINANCE $USD |
ROI |
|
1. ProCredit Holding Aktiengesellschaft |
110,918,700 |
89,181,767 |
5-6.5% |
|
2. Oikocredit World Partnership Investments |
304,662,000 |
80,764,000 |
2% |
|
3. Dexia Microcredit Fund |
51,669,512 |
46,334,570 |
5.5-7.5% |
|
4. Blue Orchard Microfinance Securities |
40,069,833 |
38,000,000 |
4.55-8.8% |
|
5. Calvert Community Investment Notes |
80,000,000 |
20,000,000 |
3% |
|
6. Impulse Microfinance Investment Fund |
15,413,875 |
15,413,875 |
4% |
|
7. Accion Investments in Microfinance |
12,969,985 |
12,512,329 |
8-10% |
|
8. responsAbility Global Microfinance Fund |
11,449,977 |
11,449,977 |
3.56% |
|
9. ASN-Novib Fonds |
28,421,190 |
9,473,730 |
1.20% |
|
10. Triodos Fair Share Fund |
14,583,596 |
6,983,086 |
2-4% |
|
11. ALTERFIN |
11,084,244 |
3,628,790 |
6% |
|
12. CRESUD |
2,483,480 |
1,490,088 |
2.75% |
|
13. AXA World Funds |
23,073,410 |
1,481,556 |
5.10% |
|
5,340,505 |
1,450,000 |
0-2.875% |
|
|
15. Partners for the Common Good |
7,095,500 |
300,000 |
3% |
|
16. Global Bridge Fund |
1,691,000 |
not available |
0-2.875% |
|
17. MicroVest I, LP: Equity |
not available |
not available |
7-9% |
|
18. Microvest I, LP: Subordinated Debt |
not available |
not available |
4.5-6% |
|
19. mPower Investment Program |
not available |
not available |
0-3% |