by Kenny Kline - Investment Funds -

KNOW A MICROFINANCE FUND: P.T. Usaha Karya Bina Mandiri (PT UKABIMA), Omidyar LLC, Partners for the Common Good (PCG), PROFUND

The following microfinance funds are detailed in this brief:

P.T. Usaha Karya Bina Mandiri (PT UKABIMA)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=P.T.+Usaha+Karya+Bina+Mandiri+%28PT+UKABIMA%29

Omidyar LLC
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Omidyar+LLC

Partners for the Common Good (PCG)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Partners+for+the+Common+Good+%28PCG%29

PROFUND
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=PROFUND

P.T. Usaha Karya Bina Mandiri (PT UKABIMA)
Overview:
P.T. Usaha Karya Bina Mandiri (PT UKABIMA) is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).

Description:
P.T. Usaha Karya Bina Mandiri (PT UKABIMA) provides loans to BPRs of Indonesia, which are defined as small rural banks in Indonesia. To be eligible for a loan, a BPR must have a low percentage of bad debt, a high return on equity, and assets greater than IDR 1 billion (USD 118,000).

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/pt-ukabima

Organization’s Website:
http://www.ukabima.com/

Just the Facts:
Country of Incorporation: Indonesia
Year Founded: 1996
Legal Status: Limited Liability Company
Fund Assets (as of day/month/year): IDR 54.8 billion (USD 6.1 million as of 31/December/2008)
Number of MFI Investments (as of day/month/year): 34 (as of 31/December/2008)
Area of Operation: Indonesia
Instruments: Loans and Debt Securities, Equity, Technical Assistance
Fund Currency: IDR
Investment Horizon: 7 years

Contact Information:
Jl. Panglima Polim X No.6 Kebayoran Baru
Jakarta
12160
Indonesia
Tel: +62 21 7254177

Additional Resources:
Latest news from Ukabima
http://www.ukabima.or.id/en/news.php

Omidyar LLC
Overview:
Omidyar LLC is a fund of funds that makes for-profit and non-profit (not seeking financial return) investments in microfinance related funds.

Description:
Omidyar LLC is a philanthropic investment firm created in 2004 by the eBay founder Pierre Omidyar. The firm makes for-profit and non-profit (not seeking financial return) investments in microfinance related funds and groups, including Balkan Financial Sector Equity Fund, BlueOrchard, Boulder Institute of Microfinance, BRAC, Catalyst Microfinance Investors, CGAP (Consultative Group to Assist the Poor), Elevar Equity, Global Commercial Microfinance Consortium, International Association of Microfinance Investors, International Development Law Organization, LeapFrog Investments, MFX Solutions, Microfinance Centre, Microfinance Information Exchange, MicroVest, Opportunity International, Payment Reporting Builds Credit, Sa-Dhan, SEEP Network, SOLIDUS Investment Fund, and Unitus.

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/omidyar-llc

Organization’s Website:
http://www.omidyar.com/

Just the Facts:
Country of Incorporation: United States
Year Founded: 2004
Legal Status: Limited Liability Company
Fund Assets (as of day/month/year): USD 242.5 million (as of 31/December/2008)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): Omidyar Network

Contact Information:
1991 Broadway St, Suite 200?
Redwood City, CA 94063
USA

For press, speaking or sponsorship requests, contact: media@omidyar.com?
For legal inquiries, contact: legalnotice@omidyar.com?
Feedback on our website? Contact website@omidyar.com?
For all other inquiries, contact: info@omidyar.com
Phone: +1 650 482 2500
Fax: +1 650 482 2525

Additional Resources:
News from Omidyar LLC
http://www.omidyar.com/about_us/news

Omidyar Network Establishes Entity In India Called Omidyar Network India Advisors With A View To Forming Closer Ties With India-Based Portfolio Organizations (October 2009)
https://www.microcapital.org/microcapitalorg-story-omidyar-network-establ…

BRAC, Soros Economic Development Fund (SEDF), Open Society Initiative for West Africa (OSIWA), Omidyar Network and Humanity United Form $15m Microfinance Partnership in Sierra Leone and Liberia (July 2009)
https://www.microcapital.org/microcapitalorg-story-brac-soros-economic-de…

Indian Technology Company, Comat, Raises $12.5m from Omiydar Network and Unitus Equity Fund of the United States (October 2008)
https://www.microcapital.org/microcapital-story-indian-technology-company…

Omidyar Network Expands Operations to Europe with Appointment of Ian Callaghan as Senior Director, Investments (September 2008)
https://www.microcapital.org/press-release-omidyar-network-expands-operat…

Unitus Launches $56m Microfinance Fund; Key Stakeholders Include Legatum, Omidyar Network (June 2008)
https://www.microcapital.org/microcapital-story-unitus-launches-56m-micro…

Investment Group Legatum and Omidyar Network Invest $40m in Unitus Equity Fund II (May 2008)
https://www.microcapital.org/microcapital-story-investment-group-legatum-…

Omidyar Network Granting $9m to Microfinance Non-Profit Unitus (April 2008)
https://www.microcapital.org/microcapital-story-omidyar-network-granting-…

Soros Economic Development Fund, Omidyar Network and Google.org Launch $17m Small to Medium Enterprise Investment Company for India (February 2008)
https://www.microcapital.org/press-release-soros-economic-development-fun…

Partners for the Common Good (PCG) Loan Fund
Overview:
PCG is a nonprofit loan fund dedicated to providing access to capital to low-income people and communities in the U.S. and abroad.

Description:
The Partners for the Common Good (PCG) Loan Fund is offered by Partners for the Common Good (PCG), a US non profit organization founded in 2001. Lines of business include nonprofit lending, social enterprise, and international microfinance. Investors include foundations, charitable organizations, financial institutions, and faith-based institutions, such as the Christian Brothers Investment Services, Sisters of St. Francis of Philadelphia, and Sisters of St. Joseph of Orange. The Fund provides loans to microfinance institutions (MFIs) for a minimum 5 year term.

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/partners-common-good

Organization’s Website:
http://www.pcgloanfund.org/site/c.ljJUJ8MOIsE/b.4325373/k.BE11/Home.htm

Just the Facts:
Country of Incorporation: United States
Year Founded: 2001
Fund Assets (as of day/month/year): 9 million (as of 31/December/2007)
Fund Assets Allocated to MFI Investment (as of day/month/year): 1.8 million (as of 31/December/2007)
Number of MFI Investments (as of day/month/year): 5 (as of 31/December/2007)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): OXUS Development Network (ODN)
Instruments: Loans and Debt Securities
Fund Currency: USD
Investment Horizon: Minimum 5 years

Contact Information:
PCG
1801 K Street NW
Suite M-100
Washington, DC 20006
USA

Phone: +1 202 689 8935
pcg@pcgloanfund.org

Additional Resources:
Latest news from Partners for the Common Good
www.pcgloanfund.org/site/apps/nl/rss2.asp?c=ljJUJ8MOIsE&b=5048303

Profund
Overview:
Profund was a commercial investment fund that took equity positions in microfinance institutions (MFIs). The fund was liquidated in 2005.

Description:
Profund was a commercial investment fund that specialized in taking equity positions in microfinance institutions (MFIs) in Latin America and the Caribbean. The fund was liquidated in 2005. Profund invested in ten different institutions in twelve countries, including BancoSol of Bolivia, Finamerica of Columbia, Mibanco of Peru, Los Andes of Bolivia, Bco. Solidario of Ecuador, Interbank of Nicaragua, BanGente of Venezuela, VISION of Paraguay, CONFIA of Nicaragua, and Compartamos of Mexico.

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/profund

Organization’s Website:
http://www.profundinternacional.com/

Just the Facts:
Country of Incorporation: Panama
Year Founded: 1993
Legal Status: Corporation
Fund Assets (as of day/month/year): USD 11.4 million (as of 31/December/2004)
Number of MFI Investments (as of day/month/year): 10 (as of 31/December/2004)
Area of Operation: Latin America and the Caribbean
Instruments: Equity
Fund Currency: USD
Investment Horizon: 7 years
Fund Manager: Omtrix, Inc.

Contact Information:
rofund@intercentro.com
Alejandro Silva P.O. Box 769-1005
San Jose, Costa Rica
Tel: +506 220 4122 or +506 290 2404
Fax: +506 290 2345

Additional Resources:
Investing For Profit in Microbusiness and Crisis Management: The Profund Experirence in Ecuador
http://www.iadb.org/sds/doc/MicASilva.pdf

Evalutation of Profund (April 2002)
http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=553584

Authored by Kenny Kline, Research Associate

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