Release date: 21 November 2008
Promoter – Financial Intermediary
Leapfrog Investments Ltd, incorporated in Mauritius
Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 20 million.
Total cost (Approximate amount)
USD 100 million.
Environmental aspects
EIB will ensure that the Fund has appropriate Environmental and Social Management Systems in place for the evaluation of its counterparts.
Procurement
Not applicable.
Status
Signed - 6/05/2009
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).