PlaNet Finance is a French non-profit organisation based in France, founded by Jacques Attali and Arnaud Ventura. After a pilot programme in East Africa the organisation was founded in 1998; it now has 147 employees and 31 regular volunteers. PlaNet Finance and its subsidiaries or spin-offs operate in three main areas; technical assistance; assessing and rating microfinance institutions (MFI’s); and financing MFI’s. It manages PlaNet Microfund, a fund which targets young MFI’s often in countries where foreign investment in microfinance is rare. In November 2005 PlaNet Microfund reported total assets of USD 407,129 to the Mix Market, the microfinance information clearinghouse. It founded and has a major shareholding in PlaNet Rating, a specialised ratings agency, and Microcred, an international holding company.
Continue reading “Who’s Who in Microfinance: PlaNet Finance”
Similar Posts:
- MICROCAPITAL BRIEF: Whole Planet Foundation Offering Interest-free Wholesale Funding for Microfinance in Latin America, Caribbean
- MICROCAPITAL BRIEF: Remitly Acquires Remittance Fintech Rewire
- MICROCAPITAL BRIEF: Sun King Nets $10m from Proparco for Solar Products in Africa via Bond Issue Arranged by Symbiotics
- MICROCAPITAL BRIEF: Peruvian Fintech Lender Prestamype Concludes $5m Equity Funding Round Led by Acumen Subsidiary ALIVE Ventures, Oikocredit
- SPECIAL REPORT: Nurturing Young Entrepreneurs with Revenue-based Repayments, Accounting Apps, Bank Guarantees
