MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Refinances $26m in Microloans for MFIs in Cambodia, Ecuador, Georgia

During February 2020, IIV Mikrofinanzfonds, a fund managed by Germany-based Invest in Visions (IIV), refinanced microfinance institutions (MFIs) in Ecuador, Georgia and Cambodia by purchasing non-securitized loan claims totaling USD 26 million. While the names of the other MFIs remain confidential, one of them was Banco Solidario, which provides deposit services, microloans, financial education and payment cards in Ecuador. As of 2018, the MFI had 55 branches and USD 782 million in total assets.

Launched in 2006, IIV offers “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. The minimum investment in the fund is EUR 100 (USD 109). Since inception, it has produced average annual returns of 2.0 percent and 2.5 percent for its two investor classes. As of February 2020, with a volume of EUR 755 million (USD 840 million), the fund supported 320,000 microborrowers with an average loan size of USD 2,300.

Sources and Additional Resources

IIV monthly report
https://www.investinvisions.com/files/2002_factsheet_februar_2020_englisch.pdf

IIV homepage
https://www.investinvisions.com

Banco Solidario homepage
https://banco-solidario.com/

Additional news on IIV
https://www.microcapital.org/?s=IIV

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