Agents for Impact (AFI), a Germany-based impact investing company, recently informed MicroCapital that it has disbursed a local-currency loan equivalent to USD 15 million in favor of Mitra Bisnis Keluarga (MBK) Ventura, a microlender in Indonesia, on behalf Invest in Visions (IIV). Established in 2006, MBK Ventura seeks to raise the living standards of low-income women in rural parts of the island of Java by providing access to group microloans for use as working capital. As of October 2021, MBK Ventura reported USD 249 million in loans outstanding to 1.2 million clients, three quarters of whom earn less than the local poverty level. The institution has 5,700 employees staffing 764 field offices.
Launched in 2006, IIV manages “investments in sustainable agriculture, social enterprises and social impact lending.” The firm created its primary product, IIV Mikrofinanzfonds, in 2011 to invest in micro-, small and medium-sized enterprises via intermediaries in developing countries. It does this mainly via “small and medium-sized MFIs, particularly in rural areas.” The minimum investment in the fund is EUR 100 (USD 113). As of April 2022, IIV Mikrofinanzfonds has a volume of EUR 889 million (USD 934 million).
AFI was founded in 2018 and is dedicated to forming investor partnerships that foment progress toward the UN Sustainable Development Goals. AFI does not disclose the volume of its operations.
Sources and Additional Resources
Direct contact with AFI
MBK Ventura homepage
https://www.mbk-ventura.com/
Invest in Visions homepage
https://www.investinvisions.com/
IIV Mikrofinanzfonds report, April 2022
https://www.investinvisions.com/media/2022_april_factsheet_r-class_en.pdf
UN Sustainable Development Goals webpage
https://sdgs.un.org/
More content from MicroCapital on MBK Ventura
https://www.microcapital.org/?s=mbk
More content from MicroCapital on AFI
https://www.microcapital.org/?s=%22agents+for+impact%22
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
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