FINCA Microfinance Fund B.V.

Netherlands

Last updated 13 May 2020, by Impactyield.

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Fund geography

Emerging countries (256)

The FINCA Microfinance Fund B.V. was the first microfinance debt fund to close after the worldwide economic crises signaled by the collapse of Lehman in 2008. At a difficult time for the capital markets, the transaction provided important subordinated debt for seven of FINCA International’s affiliated microfinance institutions in the developing world.



Financial description

Providing Tier 2 qualifying capital to FINCA-affiliated MFIs for them to leverage four times to expand social outreach and increase the scope of the services that they offer microentrepreneurs

14 years

of track record

2009

the year funded

20,570,000 USD

AUM

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Impact Category

Key performance indicators

Fund overview

Asset manager: Deutsche Bank

Product track record: Fund has 14 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2009

Vintage year: 2009

Target region:

Target close date: n.a.

Product term: 7 years

Assets under management: 20,570,000 USD (US Dollar)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 20

Fund investments to date exited or repaid: 0

Management fee: 1.5%

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Other Institutional Investors

Contact

E-mail: n.a.

Website:

Phone number: 212.250.0549

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Impact Performance

n.a.

Impact thesis

At a difficult time for the capital markets, the transaction provided important subordinated debt for seven of FINCA International’s affiliated microfinance institutions in the developing world to leverage four times to expand social outreach and increase the scope of the services that they offer microentrepreneurs.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords

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