MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $2m to Kosovo Enterprise Program (KEP) Trust for Microfinance Lending

Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of EUR 2 million (USD 2.26 million) to the Kosovo Enterprise Program (KEP) Trust from IIV Mikrofinanzfonds, a microfinance investment vehicle that is active in developing countries. During June 2019, IIV also invested in unspecified microfinance institutions (MFIs) in Chile and Tajikistan.

KEP Trust, founded in 1999, provides microloans and training services to small and medium-sized enterprises from 32 branches. As of year-end 2016, KEP Trust has total assets of EUR 27.7 million (USD 31.2 million) and total equity of EUR 13.3 million (USD 15.0 million).

IIV was founded in 2006, and it launched IIV Mikrofinanzfonds in 2011. The fund, which focuses on investing in small and medium-sized microfinance institutions (MFIs) in rural areas, accepts investments as small as EUR 100 (USD 112). As of May 2019, it has a volume of EUR 698 million (USD 789 million). Since June 2014, IIV Mikrofinanzfonds, across its two share classes, produced 12-month net returns ranging from 0.2 percent to 3.3 percent. IIV Mikrofinanzfonds’ investments enable loans to 281,000 microentrepreneurs, comprising 50 percent women, with an average loan size of USD 2,785. In addition to microfinance, IIV offers services in areas such as “sustainable” agriculture and social enterprise in general.

By Eugene DeCosse, Research Associate

Sources and Additional Resources

IIV report, June 2019
https://www.investinvisions.com/files/1906_factsheet_juni_2019_englisch_1.pdf

KEP Trust homepage
https://keptrust.org/

KEP Trust financial statements
https://keptrust.org/en/kep/#financial-reports

IIV homepage
https://www.investinvisions.com/

MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $2m to ACME for Microfinance in Haiti
https://www.microcapital.org/microcapital-brief-invest-in-visions-iiv-mikrofinanzfonds-lends-2m-to-acme-for-microfinance-in-haiti/

MICROCAPITAL BRIEF: BlueOrchard Invests $8.7m in Eastern European Microfinance Institutions KEP Trust of Kosovo and ProCredit Bank of Romania
https://www.microcapital.org/microcapital-brief-blueorchard-invests-8-7m-in-eastern-european-microfinance-institutions-kep-trust-of-kosovo-and-procredit-bank-of-romania/

Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.