Posts Tagged ‘Incofin’

By Nagesh Narayana Microfinance Focus, Feb. 5, 2010: Incofin, a Belgium-based microfinance fund, is raising funds for its second Rural Impulse Fund with a target of about EUR100 million ($186 million), Incofin's equity expert in India Aditya Bhandari told Microfinance Focus. It would be a successor to the existing fund and part of it would be invested ... Full story

By Matthew Fuchs Microfinance Focus, Jan. 20, 2010: Incofin finished the year with investments in Xacbank, a microfinance-focused bank in Mongolia, and MBK Ventura, an MFI in Indonesia, in the month of December, said a statement from the Belgian microfinance investor. The $3 million subordinated loan to Xacbank was made through Incofin's Impulse Microfinance Investment Fund, and will have a seven-year maturity. Since beginning operations in 2001, ... Full story

Microfinance Focus, Jan. 21, 2010: The Rural Impulse Fund has recently invested $500,000 in a senior loan to Fundacion Dominicana de Desarrollo (FDD), a microfinance foundation in the Dominican Republic. The investment has been provided in local currency through the use of MFX to support the FDD's growth strategy, Incofin said in a recent statement. FDD, established in 1966, is one of oldest MFIs in Latin America ... Full story

By Asma Azmi, Assistant Editor -Microfinance Focus Microfinance Focus, Dec. 30, 2009: The year 2009 may go down as the watershed year for the Indian microfinance industry. Marked by strong growth and pioneering deals the industry is riding high, growing at a rapid pace of 100%-200% year-on-year. Attracting attention from mainstream investors, the sector accounted ... Full story

Microfinance Focus, Dec. 16, 2009: The Flemish government has approved the request for guarantee for the Incofin investment in DR Congo, which will facilitate Incofin to invest safely in Finca Congo, a microfinance institution with more reach and posting a steady growth, said a note. Despite negative coverage, Congo microfinance institutions have managed to keep offering micro-entrepreneurs opportunities to progress, it said. Incofin in association with Finca ... Full story

Microfinance Focus , Nov. 09, 2009 : Incofin's Impulse Microfinance Investment Fund has increased its stake in Bolivian MFI “FIE Fondo Financiero Privado (FIE FFP)” in a secondary transaction from the Stichting Triodos Doen fund. With this transaction, Incofin and the Impulse Fund will own a combined 15% share in FIE, making it the second largest shareholder after FIE Holding. FIE FFP has a market share ... Full story