Release date: 1 October 2009
Promoter – Financial Intermediary
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.Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 10 million.
Total cost (Approximate amount)
Up to EUR 100 million.
Environmental aspects
Investee companies to meet minimum environmental standards to be specified and monitored by the Manager.
Procurement
Not applicable
Status
Signed - 1/06/2010
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).