The following funds are detailed in this brief:
Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Luxembourg+Microbanking+Intermediary+Scheme+Appui+au+Developpement+Autonome+%28Luxmint+ADA%29
Microcred Group
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCred
MicroCredit Enterprises
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCredit+Enterprises
CRS CORDAID Microfinance Alliance Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CRS+CORDAID+Microfinance+Alliance+Fund
Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA)
Overview:
Luxmint ADA (Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome) is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
Luxmint (Luxembourg Microbanking Intermediary Scheme) is an investment program created by ADA (Appui au Developpement Autonome) that provides financial services to microfinance institutions (MFIs) that are just beginning to seek investors. MFIs must have existed for at least three years, have at least 1000 clients, have a portfolio at risk of no more than 10 percent, and must break even operationally to be eligible. ADA has partnered with Luxmint to monitor MFIs during the period of the loan/guarantee and to provide technical assistance. Luxmint was founded with a contribution from the Ministry of Co-operation of Luxembourg.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/luxmint-ada
Organization’s Website:
http://www.microfinance.lu/
Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 1999
Legal Status: Non-Governmental Organization (NGO)
Fund Assets (as of day/month/year): USD 1.6 million (as of 31/December/07)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 1.6 million (as of 31/December/07)
Number of MFI Investments (as of day/month/year): 18 (as of 31/December/07)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): ADA (Appui au Developpement Autonome)
Instruments: Loans and Debt Securities, Equity, Guarantees, Technical Assistance
Fund Currency: EUR
Investment Horizon: 4 Years
Contact Information:
21, Allée Scheffer
L-2520 Luxembourg
Tél. : +352 45 68 68 1
Fax : +352 45 68 68 68
adainfo@microfinance.lu
Additional Resources:
Latest News from ADA
http://www.microfinance.lu/58.html?&no_cache=1&L=1
Latest Luxmint ADA news
http://www.microfinance.lu/71.html?&L=1
Microcred Group
Overview:
Microcred Group is an investment company that creates commercial microfinance institutions (MFIs).rofinance institutions (MFIs).
Description:
Microcred Group creates microfinance institutions (MFIs) and provides technical assistance to those institutions. MicroCred was created by PlaNet Finance and three partner investors: the International Finance Corporation (IFC), Société Générale and AXA Belgium. Those founding shareholders were joined by the French Development Agency (AFD) and the European Investment Bank (EIB) in 2007 and Developing World Markets (DWM) in 2008.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/microcred
Organization’s Website:
http://www.microcredgroup.com/
Just the Facts:
Country of Incorporation: France
Year Founded: 2005
Fund Assets (as of day/month/year): EUR 26.4 million (USD 37.7 million as of 31/December/08)
Fund Assets Allocated to MFI Investment (as of day/month/year): EUR 10.9 million (USD 14.9 million as of 31/December/08)
Number of MFI Investments (as of day/month/year): 4 (as of 31/December/08)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): PlaNet Finance, International Finance Corporation (IFC), Societe Generale, AXA Belgium, French Development Agency (AFD), European Investment Bank (EIB), Developing World Markets (DWM)
Instruments: Loans and Debt Securities, Technical Assisance
Fund Currency: EUR
Contact Information:
Arnaud Ventura
President of the Management Board
Chief Executive Officer
aventura@microcred.org
Isabelle Levard
Member of the Management Board
Deputy Chief Executive Officer
ilevard@microcred.org
Additional Resources:
Latest News from Microcred
http://www.microcredgroup.com/EN/qsn_actualites.php
MicroCred Receives Capital Increase from Developing World Markets and AXA Belgium (December 2008)
https://www.microcapital.org/microcapital-story-microcred-receives-capita…
MicroCred Nanchong Hosts Zoellick of the World Bank and High-Level Chinese Officials for Grand Opening (December 2007)
https://www.microcapital.org/press-release-microcred-nanchong-hosts-zoell…
MicroCred Group Launches Third Microfinance Institution: MicroCred Senegal (November 2007)
https://www.microcapital.org/press-release-microcred-group-launches-third…
MicroCredit Enterprises
Overview:
MicroCredit Enterprises is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
MicroCredit Enterprises is a non-profit organization based in Sacramento, California (United States), that leverages private capital to promote micro-enterprises throughout the developing world by issuing loans and guarantees to microfinance institutions (MFIs). To be eligible for a loan, an MFI must serve at least 5,000 borrowers or have a minimum USD 1 million gross loan portfolio, maintain a portfolio-at-risk (outstanding balance of all loans with payments in arrears beyond 30 days) below 10 percent, and be operationally self-sufficient. MicroCredit Enterprises has a very low operating budget because the senior management team, with the exception of the Senior Vice President for Portfolio Management, serve the organization on a pro bono basis.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/microcredit-enterprises
Organization’s Website:
http://www.mcenterprises.org/
Just the Facts:
Country of Incorporation: United States
Year Founded: 2005
Legal Status: 501(c)(3)
Fund Assets (as of day/month/year): USD 20 million (as of 31/December/08)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 19 million (as of 31/December/08)
Number of MFI Investments (as of day/month/year): 38 (as of 31/December/08)
Area of Operation: Global
Instruments: Loans and Debt Securities, Guarantees
Fund Currency: USD
Investment Horizon: 4 years
Contact Information:
Contact MicroCredit Enterprises
5758 Geary Blvd.
Number 261
San Francisco, CA 94121
+1 415 230 4330 ext. 103
Additional Resources:
Latest News from Microcredit Enterprises
http://www.mcenterprises.org/media_center/
Words of Jonathan Lewis of MicroCredit Enterprises at Stanford University “California Microfinance 2009? Conference (May 2009)
https://www.microcapital.org/words-of-jonathan-lewis-of-microcredit-enter…
Jonathan Lewis, Founder & CEO of MicroCredit Enterprises Receives 2008 Innovation Award from Social Venture Network (October 2008)
https://www.microcapital.org/press-release-jonathan-lewis-founder-ceo-of-…
MicroCredit Enterprises Invests $150k in Pro Mujer (May 2008)
https://www.microcapital.org/microcapital-story-microcredit-enterprises-i…
MicroCredit Enterprises Invests USD 1.5 million in Normicro of Azerbaijan, CREDISOL of Honduras, and Lazika Capital of Georgia (March 2008)
https://www.microcapital.org/microcapital-story-microcredit-engerprises-i…
IMON Receives USD 1.5 million in Investments from Incofin and MicroCredit Enterprises (March 2008)
https://www.microcapital.org/microcapital-story-imon-receives-usd-15-mill…
MicroCredit Enterprises Lends USD 600,000 to Cambodian Microfinance Institution (MFI) CHC Group Limited (February 2008)
https://www.microcapital.org/microcapital-story-microcredit-enterprises-l…
WHO’S WHO IN MICROFINANCE: MicroCredit Enterprises (October 2007)
https://www.microcapital.org/who’s-who-in-microfinance-microcredit-enterprise-llc/
MicroCredit Enterprises Issues $1.1m in Loans to Microfinance Institutions EDPYME Alternativa of Peru and Tchuma Credit Cooperative of Mozambique (October 2007)
https://www.microcapital.org/microcapital-story-microcredit-enterprises-i…
Unitus Arranges Loan for MBK Ventura, an Indonesian Microfinance Institution, with The Dignity Fund and MicroCredit Enterprises (May 2007)
https://www.microcapital.org/page/2/?s=%22microcredit+enterprises%22&x=0&…
MicroCredit Enterprises Partners with Tokyo Star Bank to Create a USD 4.8 mn Revolving Line of Credit for Microfinance Institutions (April 2007)
https://www.microcapital.org/microcredit-enterprises-partners-with-tokyo-…
US MicroCredit Enterprises Lends $300,000 to CREDIT of Cambodia and $500,000 to Norwegian Microcredit of Azerbaijan for Microfinance Investments (November 2006)
https://www.microcapital.org/us-microcredit-enterprises-lends-300000-to-c…
CRS CORDAID Microfinance Alliance Fund
Overview:
The Microfinance Alliance Fund is a microfinance investment vehicle, which mobilizes capital for microfinance institutions.
Description:
The Microfinance Alliance Fund was created by the Catholic Relief Services (CRS) and the Catholic Organization for Relief and Development (CORDAID) to invest in microfinance institutions (MFIs) in Southeast Asia. The Microfinance Alliance Fund invests through loans, guarantees, or other financial services to MFIs located in Indonesia, the Phillipines, Thailand, Vietnam, Cambodia, and Laos.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/microfinance-alliance-fund
Just the Facts:
Country of Incorporation: Phillipines
Year Founded: 2000
Fund Assets (as of day/month/year): USD 1.7 million (as of 31/December/01)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 1.2 million (as of 31/December/01)
Number of MFI Investments (as of day/month/year): 10 (as of 31/December/01)
Area of Operation: Southeast Asia
Participant(s)/Backer(s)/Investor(s): Catholic Relief Services (CRS), Catholic Organization for Relief and Development (CORDAID)
Instruments: Loans and Debt Securities, Technical Assistance
Fund Currency: USD
Investment Horizon: 3 years
Contact Information:
CRS CORDAID Microfinance
Alliance Fund
c/o Catholic Relief Services
2nd Floor CBCP Building
470 General Luna Street
Intramuros, Manila
1002 Philippines
Tel. No. +632 527 8331
Fax No. +632 527 4140
E-mail: crsphils@globe.com.ph
Authored by Kenny Kline, Research Associate
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