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    Signature(s)

    Amount
    € 15,065,913.37
    Countries
    Sector(s)
    ACP States : € 15,065,913.37
    Services : € 15,065,913.37
    Signature date(s)
    6/05/2009 : € 15,065,913.37
    Link to source

    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

    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

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