US-based investors Warburg Pincus and Creation Investments recently placed INR 520 crore (USD 72 million) in equity in Fusion Microfinance, a provider of group loans and financial literacy training to women in rural areas of northern and central India. As part of the funding round, the following investors sold their stakes in the
Search Results for: incofin
MICROCAPITAL BRIEF: BIO, EIB, PROPARCO Participating in $2.6m agTAF Technical Assistance Fund Launched by Incofin for Rural Entrepreneurs
Belgium-based impact investor Incofin Investment Management recently signed agreements with three government-backed institutions, the European Investment Bank (EIB), Société de Promotion et de Participation pour La Coopération Economique (PROPARCO) of France and the Belgian Investment Company for Developing Countries (BIO), to commit
MICROCAPITAL BRIEF: Incofin-managed Funds Buying $10m in Equity in Financiamiento Progresemos for Financial Inclusion of Micro-, Small Enterprises in Mexico
A Belgium-based manager of microfinance funds, Incofin Investment Management, recently announced an investment of
MICROCAPITAL BRIEF: Shanghai Commercial and Savings Bank (SCSB) Buys 80% of AMK of Cambodia from Agora Microfinance, Incofin’s Rural Impulse Fund II, Norfund’s Cambodia-Laos Development Fund, Proparco
Incofin Investment Management, a Belgium-based impact investor, recently announced that its Rural Impulse Fund (RIF) II is among several entities selling a total of 80.01 percent of the shares of Cambodian microfinance institution Angkor Mikroheranhvatho Kampuchea (AMK) to Taiwan-based Shanghai Commercial and Savings Bank (SCSB). The other sellers are Agora Microfinance NV, a Dutch holding company; the Cambodia-Laos Development Fund of the Norwegian government’s Norfund; and the French government’s Societe de Promotion et de Participation pour La Coopération Economique (Proparco). While the sizes of the former shareholdings have not been released, each of the investors is exiting AMK completely, except for Agora Microfinance NV. AMK Staff Association,
MICROCAPITAL BRIEF: Incofin’s agRIF Buys 10% Equity Stake in Armenia’s Inecobank from IFC, DEG
A microfinance investment vehicle of Belgium’s Incofin Investment Management, agRIF, recently paid an undisclosed sum to acquire a 10-percent stake in Inecobank, a commercial bank in Armenia whose mission is “to promote private sector development acting as a
MICROCAPITAL BRIEF: Incofin Raises $6.5m from KfW for Fairtrade Access Fund, DRC-focused FPM
Belgium’s for-profit Incofin Investment Management recently received investments from German development bank Kreditanstalt für Wiederaufbau (KfW) in two funds that it advises, the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, and FPM SA (Fonds pour l’inclusion financière en République Démocratique Congo), which lends “medium-term” funds
MICROCAPITAL BRIEF: Incofin Sells Equity Stakes in Microfinance Institution Financiera Confianza of Peru, Affiliate of Fundacion BBVA MicroFinanzas
Belgium’s Incofin Investment Management (Incofin IM) recently informed MicroCapital that three of its funds, Incofin CVSO, Volksvermogen and Rural Impulse Fund I, have sold their stakes in Financiera Confianza, a Peruvian microfinance institution (MFI) affiliated with Fundacion BBVA MicroFinanzas, which in turn was launched by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) in 2007. While the sizes and prices of the stakes, which included all Confianza shares held by Incofin IM funds, remain confidential, Incofin IM reports that the funds earned “over
MICROCAPITAL BRIEF: Incofin Sells 55% Equity Stake in Colombian Microfinance Institution Crezcamos to Its Founder, Mauricio Osorio
Belgium’s Incofin Investment Management recently informed MicroCapital that its Rural Impulse Funds I and II have sold all of their shares of Crezcamos, a Colombian microfinance institution (MFI), to
MICROCAPITAL BRIEF: Fidelity Bank Ghana Borrows $54m for SME Lending from FMO, BIO, Symbiotics, Oikocredit, Incofin
Two government-backed entities, the Netherlands’ Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) and the Belgian Investment Company for Developing Countries (BIO), recently announced they are leading a senior loan package of USD 54 million to be onlent by Fidelity Bank Ghana to small and medium-sized enterprises (SMEs). The loan comprises USD 25 million from FMO
MICROCAPITAL BRIEF: Incofin’s agRIF Raises $27m for Financial Inclusion in Agriculture from Investors Including AXA, KBC, Korys, Invest in Visions, MRBB
Belgium’s Incofin Investment Management recently informed MicroCapital that its agRIF, the successor to the Rural Impulse Funds I and II, has raised USD 27 million in unspecified portions from multiple investors, bringing its size
MICROCAPITAL BRIEF: IFC Syndicates $44m in Debt from BIB, Incofin, MicroVest, Symbiotics for KazMicroFinance (KMF) of Kazakhstan
KazMicroFinance (KMF), a microfinance institution operating in Kazakhstan, recently borrowed USD 44 million syndicated by the World Bank Group’s International Finance Corporation (IFC) in an effort to enable KMF to expand its lending to small businesses. Of the total, IFC is providing USD 5 million
MICROCAPITAL BRIEF: Incofin Microfinance Funds Exit Equity Investments in Bolivia’s Banco FIE
Incofin Investment Management, a Belgium-based investment management firm focusing on microfinance institutions (MFIs) in developing countries, recently announced sales of some of its equity in Banco para el Fomento a las Iniciativas Económicas (Banco FIE), a Bolivian bank focusing on the financially excluded, to the bank’s incumbent shareholders.
MICROCAPITAL BRIEF: Fusion Microfinance Raises $24m in Equity from Creation Investments, GAWA, BIO, Oikocredit as Incofin Exits
Fusion Microfinance Private Limited, an Indian non-banking financial company, has raised
MICROCAPITAL BRIEF: Incofin’s AgRIF, DWM’s Inclusive Finance Equity Fund II Invest $4m in Crystal, a Georgian Microfinance Institution Focusing on Rural Areas
The Agricultural Rural Impulse Fund (agRIF) together with the Inclusive Finance Equity Fund II recently acquired share capital valued at GEL 9 million (approximately USD 4 million) in Joint Stock Company Microfinance Organization Crystal (Crystal), a Georgian microfinance institution.
MICROFINANCE PUBLICATION ROUND-UP: Financing Necessary for SMEs to Grow; Microfinance Challenges in the Arab World; Incofin on MFIs’ Social Performance
“ADB Report: Asia SME Finance Monitor 2014;” by S. Shinozaki, T. Chaiken, S. Jain, K. Dorofev, C. T. Delos Santos and J. Bautista; published by the Asian Development Bank (ADB); September 2015; 318 pages; available at: http://www.adb.org/sites/default/files/publication/173205/asia-sme-finance-monitor2014.pdf
MICROCAPITAL BRIEF: Incofin Investment Management Raises $71m in First Close of agRIF Fund, Successor to Rural Impulse Funds; Plans to Invest in Agricultural, Rural Enterprises
Incofin Investment Management (Incofin IM), a Belgium-based manager of microfinance investment funds, recently announced the first close of agRIF, a 10-year debt and equity investment fund, at a total value of USD 71 million.
MICROCAPITAL BRIEF: Incofin’s Rural Impulse Fund Loans $1.5m to Microfinance Institution Humo and Partners of Tajikistan
Incofin Investment Management (Incofin IM), a Belgium-based company that manages funds investing in microfinance institutions (MFIs), recently loaned USD 1.5 million over 12 months via the Rural Impulse Fund II to Humo and Partners, a microfinance institution (MFI) based in Dushanbe, Tajikistan.
MICROCAPITAL BRIEF: Incofin to Advise Invest In Visions’ IIV-Microfinance Fund
Incofin Investment Management, a private Belgian company, recently became the fund advisor of Invest In Visions’ IIV-Microfinance Fund, which was launched in October 2011 to invest in loans to small and medium-sized (tier-2 and tier-3) microfinance institutions in developing countries [1].