Invest 
In Visions Mikrofinanzfonds, a fund managed by Germany-based Invest In Visions (IIV), has disbursed a senior loan of EUR 10 million (USD 12.1 million) to Bayport Colombia, one of the nine financial services providers (FSPs) of Mauritius-based microfinance network Bayport Management Limited. Bayport Colombia is using the cash to fund loans to “civil servants and retirees for entrepreneurial ventures, housing improvements, healthcare and education.”
Established in 2011, Bayport Colombia offers payroll loans to pensioners and public sector employees in Colombia. The FSP has offices in 15 cities, serving approximately 65,000 clients with a portfolio valued at COP 950 billion (USD 260 million).
Bayport Management is a holding company that was founded in 2001 in Mauritius. The firm’s entities offer financial services to previously unbanked and underbanked individuals via subsidiaries in Colombia and Mexico as well as the following African countries: Botswana, Ghana, Mozambique, South Africa, Tanzania, Uganda and Zambia.
Launched in 2006, IIV manages “investments in sustainable agriculture, social enterprises and social impact lending.” The firm created 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 [microfinance institutions], particularly in rural areas.” The minimum investment in the fund is EUR 100 (USD 109).
During 2020, the sub-funds of IIV Mikrofinanzfonds generated gains of 0.92 percent and 1.32 percent. As of May 2021, the volume of the IIV Mikrofinanzfonds totaled EUR 781 million (USD 938 million), supporting 570,148 borrowers with an average loan size of USD 1,163. Of these borrowers, 52 percent are women, and 19 percent work in agriculture.
By Harriet Ritchie, Research Associate
Sources and Additional Resources
IIV Mikrofinanzfonds R-class report, April 2021
https://www.investinvisions.com/media/2021_april_factsheet_r-class_en.pdf
IIV Mikrofinanzfonds I-class report, May 2021
https://www.investinvisions.com/media/2021_may_factsheet_i-class_en.pdf
IIV Mikrofinanzfonds R-class report, May 2021
https://www.investinvisions.com/media/2021_may_factsheet_r-class_en.pdf
Bayport Colombia homepage
https://www.bayportcolombia.com/
Bayport Management homepage
https://www.bayportfinance.com/
Invest in Visions homepage
https://www.investinvisions.com/
Do 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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