MICROCAPITAL BRIEF: Invest In Visions’ IIV Mikrofinanzfonds Lends $49m to Microfinance Institutions in Ecuador, Egypt, Indonesia, Kazakhstan, Kosovo, Kyrgyzstan, Mexico and Timor-Leste – Including $10m to MFI Alternativa 19 del Sur

Germany-based Invest In Visions (IIV) recently loaned USD 10 million to Alternativa 19 del Sur, a microfinance institution (MFI) in Mexico. The investment is one of a group of loans totaling USD 48.7 million that IIV recently disbursed from its microfinance investment vehicle IIV Mikrofinanzfonds. The recipients of this funding include unidentified MFIs in Ecuador, Egypt, Indonesia, Kazakhstan, Kyrgyzstan, Kosovo and Timor-Leste.

Founded in 2006, Alternativa 19 del Sur supports “small-scale entrepreneurship” by providing clients – many of whom are women, live in rural areas or both – with credit and technical support. As of 2019, Alternativa 19 del Sur serves approximately 850,000 borrowers with a gross loan portfolio of USD 157 million. 

IIV was founded in 2006 to provide access to investments that offer institutional and retail investors both financial and social returns, often referred to as “impact investments.” In 2011, it launched IIV Mikrofinanzfonds, a fund that focuses on investing in small and medium-sized MFIs in rural areas. It accepts investments as small as EUR 100 (USD 112). As of July 2019, it has total assets amounting to EUR 723 million (USD 806 million). 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. 

By Anna Gravois, Research Associate 

Sources and Additional Resources

IIV factsheet
https://www.investinvisions.com/files/1909_factsheet_september_2019_englisch.pdf

Alternativa 19 del Sur homepage
http://www.alternativa19delsur.com

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

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