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LEAPFROG MICROINSURANCE INVESTMENTS

Signature(s)

Amount
€ 15,065,913.37
Sector(s)
Services : € 15,065,913.37
Signature date(s)
6/05/2009 : € 15,065,913.37
Link to source
Data sheet
LEAPFROG MICROINSURANCE INVESTMENTS
Other links
Summary sheet
Leapfrog Microinsurance Investments
Related press
EIB supports access to financial services for the poor
Related story
A leap forward for emerging markets

Summary sheet

Release date
21 November 2008
Status
Reference
Signed | 06/05/2009
20080456
Project name
Promoter - financial intermediary
Leapfrog Microinsurance Investments

Leapfrog Investments Ltd, incorporated in Mauritius

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to USD 20 million.
USD 100 million.
Location
Sector(s)
Description
Objectives

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.

Environmental aspects
Procurement

EIB will ensure that the Fund has appropriate Environmental and Social Management Systems in place for the evaluation of its counterparts.

Not applicable.

Link to source
Summary sheet
Leapfrog Microinsurance Investments
Other links
Data sheet
LEAPFROG MICROINSURANCE INVESTMENTS
Related press
EIB supports access to financial services for the poor

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).

News & Stories

Link to source
Related press
EIB supports access to financial services for the poor
Related story
A leap forward for emerging markets
Other links
Data sheet
LEAPFROG MICROINSURANCE INVESTMENTS
Summary sheet
Leapfrog Microinsurance Investments

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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