Signature(s)
Amount
€ 10,000,000
Sector(s)
Services
: € 10,000,000
Signature date(s)
1/06/2010 : € 10,000,000
Other links
Summary sheet
Release date
1 October 2009
Status
Reference
Signed | 01/06/2010
20090460
Project name
Promoter - financial intermediary
Rural Impulse Microfinance Fund II
Incofin Investment Management, (“Incofin IM” or the “Fund Manager”) is a leading Belgian microfinance investment management company with 5 microfinance investment funds under management, representing debt and equity investments in 68 MFIs in 27 countries or 3m clients over 3 continents. The company was incorporated in June 2009 as a spin off of Incofin, the Belgian social investor with 15 years of microfinance expertise, which successfully established itself as a professional asset manager for worldwide microfinance.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 10 million.
Up to EUR 100 million.
Location
Sector(s)
Description
Objectives
Investment in Rural Impulse II, a successor microfinance investment fund incorporated in Luxembourg with the objective of making debt and equity investments in microfinance institutions which provide financial services to the rural poor.
The Fund’s aim is to achieve the following objectives: (i) To provide an attractive financial return to investors, (ii) To strengthen the rural MFI’s financial structure (iii) To improve the outreach and impact of rural MFIs and provide opportunities to the rural poor.
Environmental aspects
Procurement
Investee companies to meet minimum environmental standards to be specified and monitored by the Manager.
Not applicable
Other links
Related press
News & Stories
Link to source
Other links