Based in Dar Es Salaam, Tanzania, Akiba Commercial Bank (ACB) will receive a total of USD 5.2 million in a capitalization program which includes investments from ACCION Investments in Microfinance (ACCION Investments), the Hivos-Triodos Fund Foundation (HTF), Incofin, Inter-Consult, the Netherlands Development Finance Company (FMO), the Parastatal Pension Fund (PPF), the Triodos-Doen Foundation (TDF), and nearly 70 private Tanzanian individuals. The capitalization effort is coupled with a contract between ACB and ACCION International (ACCION) in which the latter of the two will provide short-term technical assistance and a senior management team.
Search Results for: Triodos Microfinance Fund
MICROCAPITAL STORY: Triodos-Doen Foundation, Triodos Fair Share Fund and Hivos-Triodos Invest a Total of $7.5M in Latin American Microfinance Institutions: Organización de Desarollo Empresarial Feminino (ODEF OPDF), EPDYME Edyficar, Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) and FIE Gran Poder S.A.
The Consultative Group to Assist the Poor (CGAP) recently reported Triodos-Doen Foundation, Triodos Fair Share Fund and Hivos-Triodos Fund of the Netherlands invested USD 7.5 million in four Latin American microfinance institutions. Organización de Desarollo Empresarial Feminino (ODEF OPDF) of Honduras received a loan investment of USD 2 million divided between the Triodos Fair Share Fund and the Hivos-Triodos fund. The Triodos Fair Share Fund invested USD 2.5 million each in loans to EPDYME Edyficar of Peru and and Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) of Bolivia. FIE Gran Poder S.A. based in Buenos Aires, Argentina was granted a loan of USD 528,000 by the Triodos-Doen Foundation.
MICROCAPITAL STORY: Microfinance Institution Uganda Financial Trust Limited Recently Receives Investments Totaling USD 1.18 Million from Triodos-Doen and Hivos-Triodos Fund
Consultative Group to Assist the Poor (CGAP) recently reported the Uganda Financial Trust Ltd. (UFT) received two loan investments of USD 590,000 each on January 1, 2008 from Triodos-Doen, a partnership between Triodos Bank of Holland and the Doen Foundation, and Hivos-Triodos Fund, a Triodos Bank partnership with the Humanist Institute for Cooperation with Developing Countries (Hivos).
MICROCAPITAL STORY: Triodos Investment Management B.V. to Launch New Private Investor Microfinance Fund in the First Quarter of 2008
In an exclusive interview with MicroCapital, Marilou van Golstein Brouwers, Managing Director of Triodos Investment Management B.V., revealed that the firm will be launching a new private investor microfinance fund for the Belgian and Spanish markets in the first quarter of 2008.
WHO’S WHO IN MICROFINANCE: Hivos-Triodos Fund Foundation
Founded in 1994, the Hivos-Triodos Fund Foundation, a microfinance investment vehicle, was created out of a joint partnership between Triodos Bank, a private bank of the Netherlands investing in social investment, and the Humanist Institute for Development Cooperation (Hivos), a non-government organization (NGO) also based in the Netherlands. The Hivos-Triodos Fund Foundation is managed externally by Triodos Investment Management, a fund management division with Triodos Bank, and internally by a Supervisory Board that is appointed by Hivos.
WHO’S WHO IN MICROFINANCE: Triodos Fair Share Fund
The Triodos Fair Share Fund, a microfinance investment vehicle, was founded in 2002 by Triodos Bank, a private Dutch bank focused on social investment. The fund is unique among Triodos Bank’s three investment vehicles devoted to microfinance—the others being the Triodos Doen Foundation and Hivos-Triodos Fund Foundation—in that it is the only microfinance-based fund that is entirely managed by the bank.
MICROCAPITAL STORY: Triodos-Doen Foundation, Hivos-Triodos Fund Foundation, and Triodos Fair Share Fund Loan USD 1.86 Million to Ugandan Microfinance Ltd. (UML)
Three funds of the Dutch-based Triodos Bank, Triodos-Doen, Hivos-Triodos, and Triodos Fair Share, have loaned a combined amount of USD 1.86 million to Ugandan Microfinance Limited (UML), an African microfinance institution (MFI). Each Triodos fund provided an equal portion of the loan investment, USD 610,000, on June 29, 2007.
Dutch Foundation Triodos-Doen and Hivos-Triodos Fund provide a USD 1.3 mn Loan to Microfinance Institution Kazakhstan Loan Fund
The Kazakhstan Loan Fund (KLF), a Kazakh microfinance institution (MFI) received the equivalent of USD 1.3 mn in loans through a partnership with Triodos-Doen and the Hivos-Triodos Fund. KLF, whose is mission is to “improve the life conditions of our community through offering financial and non financial services to the population,” provides peer and individual lending services. As of 31 December 2006, KLF has a gross loan portfolio of USD 26.2 mn and USD 41 mn in total assets, according to MIX market, the microfinance information clearinghouse. KLF also reported a 17.53% capital to asset ratio and 470% ratio of debt to equity. At the end of 2005, KLF was 152.38% self-sufficient.
Nicaraguan Microfinance Institution Findesa Receives a USD 1.25 mn Loan from Triodos Fair Share Fund
The Triodos Fair Share Fund provided USD 1.25 mn in loans to Nicaraguan microfinance institution (MFI) Financiera Nicaraguense de Desarrollo S.A. (FINDESA). Triodos is a closed mutual fund of the Triodos Bank that began in 2002. According to MIX market, the microfinance information clearinghouse, it had USD 18.6 mn in fund assets and 13 active microfinance investments as of 31 December 2005. 62 percent of its investments are located in Latin America and the Caribbean, 17 percent in East Asia and the Pacific, 12 percent in Africa, and the remaining 9 percent in Eastern Europe and Central Asia
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Hivos-Triodos Fund Invests $232,904 in the Microfinance Institution, Bereke
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund invested USD 232,904 in Bereke, based in Eastern Kazakhstan. The investment by Hivos-Triodos Fund hopes to encourage growth in the foundation by providing the means for new loans. Created in 2003, Bereke’s mission is to promote a better life through economic support. According to the MIX Market, as of December 31st 2005, Bereke had a gross loan portfolio of USD 1,272,880 total assets of 1,513,099, a return on assets of 14.90% and a debt to equity ratio of 0.72%.
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Dutch Triodos-Doen and Triodos Fair Share Fund Loan USD2 Million to Microfinance Bank of Azerbaijan
The CGAP-MIX MCM Newsletter reported recently that the Microfinance Bank of Azerbaijan (MFBA) recently received a USD2 million loan from the Triodos-Doen Foundation and the Triodos Fair Share Fund. This was the second loan to the microfinance bank by Triodos-Doen, after its loan of USD1.5 million in August 2005, (page 17) which carried an interest rate of LIBOR +5%. There is no other available information on the terms of the latest loan.
Peru’s MIBANCO Sells Shares worth $275, 599 to Triodos-Doen, Hivos-Triodos Fund and Triodos Fair Share Fund in Microfinance Investment Deal
MIBANCO is Peru’s largest microfinance bank. Established in 1992, it had over 150,000 active borrowers at year end 2005. The gross loan portfolio was over $200 million. Total assets reported to the MIX Market were $250.5 million, with a return of 6.74%. $275,599 worth of shares in the bank were purchased by the Triodos-Doen Foundation, the Hivos-Triodos Fund and Triodos Fair Share Fund, all managed by Triodos International Fund Management, part of the Triodos Bank Group of the Netherlands.
El Salvador’s Apoyo Integral Borrows $500,000 in Microfinance Investment from Dutch Hivos-Triodos Fund
Apoyo Integral received $500,000 from the Hivos-Triodos Fund. Apoyo Integral is an El Salvador-based program that has provided housing solutions to about 6000 families. Founded in 1990, it participates in designing, managing, and financing projects. At year end 2005, the program had assets of $19.6 million, with a return of 1.92%. It has a $16.7 million loan portfolio, and a debt to equity ratio of 457%.
Triodos-Doen Foundation Provides $500,000 in Microfinance Investment to Jordan’s Microfund for Women
The Microfund for Women received a $500,000 loan from the Triodos-Doen Foundation. The Microfund for Women began as a pilot lending program initiated through Save the Children in 1994. It is now a leading microfinance institution in Jordan, with a gross loan portfolio of over $5 million serving over 17,000 active borrowers. At year end 2005, total assets totaled $7 million, with a return of 10.37%. Total equity was $5.3 million, with a debt to equity ratio of 31.41%.
FINCA Uganda receives $1.1 million in Microfinance Investment from Hivos-Triodos Fund and Triodos Fair Share Fund
From The Hivos-Triodos Fund and Triodos Fair Share Fund, FINCA Uganda recently received a loan valued at 2 billion Ugandan Shillings (UGX), equivalent to about US$1.1 million. Founded in 1992, FINCA Uganda is part of the FINCA International network. The FINCA International network itself has programs in 21 countries and reported $98.4 million in total assets in their 2004 Annual Report. Each country program operates as a branch of the one international organization. Please refer to Additional Resources below for more information about the nature of Microfinance Networks.
Hivos-Triodos Fund Extends $507,000 loan in Microfinance Investment to Thaneaka Phum Cambodia
Thaneaka Phum Cambodia (TPC), a microfinance institution founded in 1994, received a loan for 19.5 million Thai Baht (THB), or about US$507,000, from Hivos-Triodos Fund. TPC had 43,194 active borrowers as of year end 2005, with a gross loan portfolio of $4.5 million. Total assets totaled $5.3 million, with a return of 7.01%. Total equity was $3.1 million, with debt to equity ratio of 67.60%.
Thanks to a Series of Microfinance Investments from Oikocredit, Triodos-Doen & Hivos-Triodos, Dignity Fund and Microvest, Kazakhstan Loan Fund Receives $4.38 Million
The Kazakhstan Loan Fund (KLF), an NGO working to provide financing to small-scale entrepreneurs throughout Kazakhstan, recently received a series of loans from a number of Microfinance Investment funds. Founded in 1997, KLF had 16,436 active borrowers at the end of 2005, with a gross loan portfolio of $11.2 million out of $14.4 million in total assets. Return on assets was 8.98%. Total Equity was reported at $5.02 million, with a debt to equity ratio of 186.73%.
Hivos Triodos Fund (HTF) Makes Microfinance Investment Worth Over $1.5 Million in Bosnian MI-BOSPO, Tanzanian Akiba Commercial Bank (ACB), and Peruvian Edpyme Proempresa
The Hivos Triodos Fund (HTF) åö part of the Triodos Bank family of microfinance funds- lent over $1.5 million in three deals. The Hivos-Triodos Fund (HTF), which was formed out of a joint initiative between the Humanist Institute of Development Cooperation (HIVOS) and Triodos Bank in 1994, had a 2004 year end portfolio totaling $23 million. Total assets were worth $22.5 million at the end of 2004, with $20.5 million allocated to microfinance investment.
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