Incofin 
Investment Management, which is based in Belgium, recently announced a grant of approximately EUR 125,000 (USD 147,000) from its agricultural technical assistance fund (agTAF) and the Smallholder Safety Net Upscaling Programme (SSNUP) to fund a mobile application for customers of Indian agricultural logistics firm Sohan Lal Commodity Management (SLCM). The app, which SLCM plans to launch by
Search Results for: incofin
MICROCAPITAL BRIEF: Incofin Loans $2m to Bina Artha for Microfinance, Small Business Loans for Rural Women in Indonesia
Recently, Belgium-based Incofin Investment Management (IM) lent USD 2 million from its Incofin CVSO fund to Bina Artha, a microfinance institution (MFI) in Indonesia. Incofin IM acknowledges that
MICROCAPITAL BRIEF: Incofin Assists SOPROCOPIV Coffee Cooperative with Fairtrade Certification, COVID-19 Adjustment in Democratic Republic of Congo (DRC)
Incofin, an investment management firm based in Belgium, recently launched a technical assistance project for Solidarité pour la Production et la Commercialisation des Produits Industriels et Vivriers (SOPROCOPIV), a coffee cooperative in the Democratic Republic of Congo (DRC). The goal is to help SOPROCOPIV become certified by Germany’s Fairtrade International by
MICROCAPITAL BRIEF: Incofin Lending $1m to EFC Uganda to Support Micro-, Small, Medium-Sized Enterprises; to Advise on Social Performance
Belgium-based Incofin Investment Management recently disbursed the initial USD 1 million of a “multi-million dollar” loan package for Entrepreneur Financial Centre (EFC) Uganda. EFC Uganda’s target market is micro-, small and medium-sized enterprises (MSMEs). Incofin made the investment through its agriculture-focused fund, agRIF. I&M Burbidge Capital, a Nairobi based company was the lead advisor to EFC Uganda for this transaction.
MICROCAPITAL BRIEF: IFU, Incofin Invest $4.2m in Equity in Ningxia Dongfang Huimin Microfinance of China to Boost Financial Inclusion for Rural Women
Belgium-based Incofin Investment Management and the government-owned Investment Fund for Developing Countries, which is known by its Danish acronym IFU, recently invested USD 2.1 million each in Ningxia Dongfang Huimin Microfinance Corporation Limited to further Huimin’s provision of financial services to female farmers in China’s Ningxia province. Incofin placed the investment through its agRIF fund
SPECIAL REPORT: Danone, Incofin, Water.org: WASH Sector is Already Investible
During 
one of the Friday sessions of European Microfinance Week 2020, Dina Pons of Belgium-based Incofin Investment Management explained a partnership with France-based food company Danone through which the organizations are building a 10-year equity fund to invest in expanding access to clean water in developing countries. Since 2007, the Danone Communities arm of Danone – mostly funded by its employees – has invested in access to drinking water on a proof-of-concept basis. Now Danone believes the sector has matured from the incubation stage to the investible stage. The company selected Incofin to help it invest in proven models, with a technical assistance component and monitoring of factors such as affordability, limiting plastic usage and
MICROCAPITAL BRIEF: KfW, BMZ Investing $47m in Farmers, Processors in Africa, Latin America via Debt Fund Managed by Incofin: Agri-Finance Liquidity Facility
The German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ, recently launched the Agri-Finance Liquidity Facility (ALF), a debt facility of EUR 40 million (USD 46.7 million), to support the “sustainable agri-food value chain” in
MICROCAPITAL BRIEF: Incofin Loans $3m to Cooperativa Pacifico for Microfinance in Peru
Belgium-based Incofin Investment Management (IM) recently disbursed a loan of USD 3 million from one of its funds, Incofin CVSO, to Cooperativa Pacifico to allow the Peruvian microfinance institution to expand
MICROCAPITAL BRIEF: Incofin Loans Inecobank of Armenia $6m from Microfinance Enhancement Facility (MEF) to Offset Effects of COVID-19 via Mobile Banking
Belgium-based Incofin Investment Management (IM) recently disbursed a loan of USD 6 million to Inecobank, an Armenia-based institution, from the Microfinance Enhancement Facility (MEF), a fund launched by the German government’s KfW Entwicklungsbank and the World Bank Group’s International Finance Corporation. The proceeds will enable Inecobank to increase its lending during the COVID-19 pandemic. Since March, due to the pandemic, the bank moved all of its
MICROCAPITAL BRIEF: Incofin Loans $1.1m to SAVE, Provider of Rural Microfinance, Agent Banking, Toll-road Payment Services in India
Belgium-based Incofin Investment Management (IM) recently disbursed a senior loan of EUR 1 million (USD 1.1 million) from its fund Incofin CVSO to the Society for Advancement of Village Economy (SAVE), which “plans to utilise the…funding to support its two non-banking financial companies providing rural credit services” in India. SAVE’s other units offer
MICROCAPITAL BRIEF: Incofin Loans $2m to Small Enterprise Foundation (SEF) of South Africa from Microfinance Enhancement Facility (MEF)
Belgium-based Incofin Investment Management recently disbursed a loan of USD 2 million to the Small Enterprise Foundation (SEF), a microlender in South Africa, from the Microfinance Enhancement Facility (MEF). According to Kevin Kamemba, Incofin’s Regional Director for Africa, “SEF has enabled thousands of vulnerable women in South Africa to sustainably
MICROCAPITAL BRIEF: GAIN, Incofin, Netherlands Ministry of Foreign Affairs Building Nutritious Food Financing Facility (N3F) to Invest in SMEs Producing, Distributing Foods in Africa; Irish Aid, Rockefeller Foundation Commit Funding
The Switzerland-based, nonprofit Global Alliance for Improved Nutrition (GAIN) recently launched a partnership with Belgium’s Incofin Investment Management to create the Nutritious Food Financing Facility (N3F), which is intended to boost access to healthy food in sub-Saharan Africa. It will engage small and medium-sized enterprises (SMEs) operating in “food value chains by
MICROCAPITAL BRIEF: OoEB, BNP Paribas, SPF, SPOV, vdk Invest $76m in Incofin’s agRIF Fund for Smallholder Farmers, Other Rural Entrepreneurs
A group of investors recently committed to loan a total of USD 76 million to agRIF, the successor to the first and second Rural Investment Funds (RIF I and RIF II) of Belgium’s Incofin Investment Management. Launched in 2015, agRIF is intended to generate market-rate returns from investments in small and medium-sized agricultural enterprises as well as funders of small-scale farmers and rural micro- and small enterprises.
The first-time investors in agRIF include the Austrian government’s development bank Oesterreichische Entwicklungsbank (OeEB), which loaned the fund
MICROCAPITAL BRIEF: Sempli of Colombia Raises $8m in Equity Round Led by Incofin, Oikocredit
Sempli, a financial technology (fintech) company based in Colombia, recently secured Series A equity totaling USD 8 million via a funding round led by Incofin CVSO, a cooperative fund managed by Belgium-based Incofin Investment Management (IM), and Netherlands-based cooperative investor Oikocredit. Established in 2017, Sempli combines in-house with
MICROCAPITAL BRIEF: Microfinance Institution Juhudi Kilimo of Kenya Sells Equity Stake to Incofin CVSO for $2.4m
Juhudi Kilimo, a for-profit microfinance institution (MFI) in Kenya, recently sold an ownership stake of unspecified size for EUR 2.2 million (USD 2.4 million) to Incofin CVSO, a cooperative fund managed by Belgium-based Incofin Investment Management. Juhudi, which mainly serves rural areas, intends to use the new funding to
MICROCAPITAL BRIEF: Incofin CVSO Loans $3m to Rent2Own, Motorbike Seller in Myanmar
Rent2Own, a company that rents and sells motorbikes in Myanmar, recently borrowed USD 3 million from Incofin CVSO, a cooperative fund managed by Belgium-based Incofin Investment Management. In return for a downpayment as small as 10 percent, a driver may rent a motorbike while she pays to buy it over time. Each contract includes asset and life insurance, and the rider may
MICROCAPITAL BRIEF: Incofin Sells Equity Stake in Annapurna Microfinance of India as Asian Development Bank, Bamboo Financial Inclusion Fund, Oikocredit Buy In
Belgium-based Incofin Investment Management recently sold all of its shares in India’s Annapurna Microfinance Private Limited to a group of investors, among whom two have been identified, the Bamboo Financial Inclusion Fund, which is managed by Bamboo Capital Partners, and Dutch cooperative investor Oikocredit. In a separate transaction, the Philippines-based Asian Development Bank paid the rupee-equivalent of
MICROCAPITAL BRIEF: Incofin; Microfinance Institutions Fundenuse, Fundeser, MiCrédito Operate Satellite-based Weather-index Microinsurance for Coffee, Grain Farmers in Nicaragua
Belgium’s Incofin Investment Management recently launched an insurance plan with Nicaraguan microfinance institutions (MFIs) Fundacion para el Desarrollo de Nueva Segovia (Fundenuse), Financiera Fundeser and MiCrédito to help 6,000 coffee and grain farmers be better prepared for climate change. The program utilizes “satellite imagery to