The following microfinance funds are outlined in this brief:
PlaNet MicroFund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=PlaNet+MicroFund
OXUS Holding
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=OXUS+Holding
NAMFEX
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=NAMFEX
Minlam Microfinance Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Minlam+Microfinance+Fund
PlaNet MicroFund
Overview:
PlaNet MicroFund is a microfinance investment vehicle, which mobilizes capital for microfinance institutions.
Description:
PlaNet MicroFund offers loans to microfinance institutions (MFIs). To be eligible, an MFI must have outstanding loans between EUR 20,000 and EUR 500,000 on their balance sheet, have been operating for more than one year, have an average loan amount less than the average Gross National Product (GNP) per capita, be consistent with PlaNet Finance’s Code of Ethics, have financial statements, and be located in a country rated A, B, or C by COFACE ratings. Loans are made in EUR, USD, FCFA, and local currencies.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/planet-microfund
Organization’s Website:
http://www.planetfinancegroup.org/
Just the Facts:
Country of Incorporation: France
Year Founded: 2000
Fund Assets (as of day/month/year): USD 407.1 million (as of 31/December/2005)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 380.7 million (as of 31/December/2005)
Number of MFI Investments (as of day/month/year): 18 (as of 31/December/2005)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): PlaNet Microfinance
Instruments: Loans and Debt Securities
Fund Currency: EUR, USD, local currencies
Investment Horizon: 1 year (renewable)
Fund Manager: PlaNet Finance
Contact Information:
Bessam Ben Ali
Fund Manager
bbenali@planetfinance.org
01 49 21 26 26
Additional Resources:
Latest news from PlaNet Microfinance
http://www.planetfinancegroup.org/EN/actualites.php
Who’s Who in Microfinance: Planet Finance (April 2007)
http://www.microcapitalmonitor.com/cblog/index.php?/archives/750-Whos-Wh…
Arnaud Ventura of PlaNet Finance and MicroCred (June 2009)
https://www.microcapital.org/meet-the-boss-arnaud-ventura-of-planet-finan…
OXUS Holding
Overview:
OXUS Holding is a microfinance investment vehicle, which mobilizes capital for microfinance institutions.
Description:
OXUS Holding is the investment instrument of the OXUS group. The OXUS group also consists of the OXUS Development Network, a consulting company that specializes in microfinance, and three microfinance institutions (MFIs), named OXUS Afghanistan, OXUS Tajikistan, and OXUS Kyrgyzstan. OXUS Holding makes investments in microfinance institutions (MFIs).
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/oxus-holding
Organization’s Website:
http://www.oxusnetwork.org/ENG/who_background.html
Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 2007
Area of Operation: Tajikistan, Afghanistan, Kyrgyzstan
Participant(s)/Backer(s)/Investor(s): OXUS Development Network (ODN)
Instruments: Loans and Debt Securities, Grants, Guarantees, Technical Assistance
Fund Currency: USD
Contact Information:
33, rue Godot de Mauroy
Paris
75009
Luxembourg
NAMFEX
Overview:
NAMFEX is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
NAMFEX is a web-based platform used to mobilize debt finance, savings, and other types of investments. NAMFEX allows individuals to deploy their savings for the benefit of microfinance institutions (MFIs). NAMFEX is an independent project, not affiliated with any outside microfinance market facilitators.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/namfex
Organization’s Website:
http://www.namfex.ru/
Just the Facts:
? Country of Incorporation: Russia
? Year Founded: 2008
? Area of Operation: Russia
? Instruments: Loans and Debt Securities
? Investment Horizon: 3 years
? Fund Manager: Minlam Asset Management LLC
Contact Information:
123056 Moscow, per. Krasin, Building 16, Suite 405
Tel.: +7 495 760-89-17
E-mail: info@namfex.ru
Minlam Microfinance Fund
Overview:
Minlam Microfinance Fund is a hedge fund that invests exclusively in microfinance institutions (MFIs).
Description:
The Minlam Microfinance Fund was created by and is currently managed by Minlam Asset Management LLC. The fund provides long-term local currency financing to microfinance institutions (MFIs). The fund targets MFIs that have a loan portfolio of at least USD 2.5 million, that are operationally self-sufficient, and have a portfolio at risk less than 5 percent. The loans provided by the fund range from USD 500,000 to USD 5 million and are provided at a rate competitive with the local market.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/minlam-microfinance-fund
Organization’s Website:
http://www.minlam.com/index.html
Just the Facts:
Country of Incorporation: United States
Year Founded: 2007
Fund Assets (as of day/month/year): USD 53.3 million (as of 31/December/2007)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 53.3 million (as of 31/December/2007)
Area of Operation: Global
Instruments: Loans and Debt Securities
Fund Currency: USD, local currencies
Investment Horizon: 3 years
Fund Manager: Minlam Asset Management LLC
Contact Information:
Minlam Asset Management LLC?
161 Avenue of the Americas?2nd Floor?
New York, New York 10013
TEL: +1 212 226 7897
FAX: +1 212 966 8659
Additional Resources:
Minlam Asset Management Brings on Rory Stear and Lloyd Stevens (August 2009)
https://www.microcapital.org/press-release-minlam-asset-management-takes-…
UK’s CDC Group Invests USD 30 Million in Minlam’s Microfinance Offshore Hedge Fund (October 2007)
https://www.microcapital.org/microcapital-story-uk’s-cdc-group-invests-usd-30-million-in-minlam’s-microfinance-offshore-hedge-fund/
Minlam Asset Management LLC (MAM) Launches Minlam Microfinance Fund (July 2007)
http://www.microcapitalmonitor.com/cblog/index.php?/archives/1028-MICROC…
Authored by Kenny Kline, Research Associate
Similar Posts:
- MICROCAPITAL BRIEF: Oxus Kyrgyzstan Borrowing $1.6m from Grameen Credit Agricole Foundation for Microfinance Lending
- MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $760k to Microfinance Institution Oxus Tajikistan
- MICROCAPITAL BRIEF: Whole Planet Foundation Offering Interest-free Wholesale Funding for Microfinance in Latin America, Caribbean
- MICROCAPITAL BRIEF: Impact Asset Management’s Dual Return Vision Microfinance Funds Issue Loans to MFIs in Ecuador, Georgia, Kyrgyzstan, Paraguay
- MICROCAPITAL BRIEF: EBRD Purchases 5% Equity Stake in ProCredit from IFC, Increasing Exposure to SMEs in Europe, Ecuador
