Leapfrog Microinsurance Investments
- Reference: 20080456
- Release date: 21 November 2008
Leapfrog Investments Ltd, incorporated in Mauritius
- ACP States
A limited-life microfinance fund with an objective to achieve long-term capital appreciation through equity and equity-investments in companies that deliver insurance products and services to low-income people in developing countries.
The Fund will primarily target investments into companies that provide microinsurance products and services to low-income people, with a primary focus on sub-Saharan Africa and Asia. The emphasis of investments will be on companies with the potential to generate a large volume of policies (with low per-policy margins) necessary to drive the profitability and outreach of portfolio companies.
- Services
Up to USD 20 million.
Total cost (Approximate amount)USD 100 million.
Environmental aspectsEIB will ensure that the Fund has appropriate Environmental and Social Management Systems in place for the evaluation of its counterparts.
Not applicable.
Signed - 06/05/2009.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
