Overview:
The SNS Institutional Microfinance Fund is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
The SNS Institutional Microfinance Fund was created by SNS Asset Management of the Netherlands and Development World Markets (DWM) Asset Management of the United States in 2007 to invest in microfinance institutions (MFIs). The fund makes approximately 70 percent of its investments through debt and approximately 30 percent of its investments through equity.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/sns-institutional-microfinance-fund
Organization’s Website:
http://www.snsam.nl/index.asp?NID=8230
Just the Facts:
Country of Incorporation: United States
Year Founded: 2007
Fund Assets (as of day/month/year): USD 225 million (as of 31/December/2008)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 195 million (as of 31/December/2008)
Number of MFI Investments (as of day/month/year): 63 (as of 31/December/2008)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): DWM Asset Management, SNS Asset Management
Instruments: Loans and Debt Securities, Equity
Fund Currency: EUR
Investment Horizon: 7 years
Contact Information:
Ruben Smit
Research Analyst
ruben.smit@snsam.nl
+31 0 73 683 33
Additional Resources:
Second SNS Institutional Microfinance Fund Collects more than $171m Despite Financial Crisis (December 2008)
https://www.microcapital.org/press-release-second-sns-institutional-micro…
Who’s Who in Microfinance: SNS Asset Management (September 2008)
https://www.microcapital.org/who’s-who-in-microfinance-sns-asset-management/
With Loan From SNS Institutional Microfinance Fund, Micro Finance Bank of Azerbaijan Claims First Deal From Abroad in Local Currency (December 2007)
https://www.microcapital.org/press-release-with-loan-from-sns-institution…
SNS REAAL’s SNS Asset Management of Norway and Partners Developing World Markets (DWM) and Triple Jump Conclude Investment Opportunity of SNS Institutional Microfinance Fund (June 2007)
https://www.microcapital.org/microcapital-story-sns-reaals-sns-asset-mana…
SNS Institutional Microfinance Fund Collects Record Breaking Amount of å¥ 125 Million (June 2007)
https://www.microcapital.org/press-release-sns-institutional-microfinance-fund-collects-record-breaking-amount-of-a¥-125-million/
Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=SNS+Institutional+Microfinance+Fund#Overview_14_word_limit_
Authored by Kenny Kline, Research Associate
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