Próspero Microfinanzas Fund, LP

Cayman Islands

Last updated 13 May 2020, by Impactyield.

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Próspero Microfinanzas Fund, L.P. is a Cayman Islands exempted limited partnership formed for the purpose of making equity and equity-like investments in early and intermediate stage microfinance institutions in Latin America and the Caribbean to provide a competitive financial return to its investors, in addition to creating a positive social impact.

Financial description

Próspero provides investors with diversification of geography, currency, and stage. The fund will make direct investments across Latin America and the Caribbean (LAC), with country and institution investment limits, in 8-10 emerging and early stage MFIs - the market segment where microfinance social and financial value creation can be maximized. The in-region investment team has extensive investment experience in target markets and will focus on identifying investments at attractive entry prices and creating value over the holding period. The fund targets a market rate of return.

13 years

of track record


the year funded

30,000,000 USD


Asset manager

Próspero Microfinanzas Fund, LP


Headquarters location:

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: Próspero Microfinanzas Fund, LP

Product track record: Fund has 13 years of track record

Target IRR: 18%

Committed Capital: 15,400,000 USD (US Dollar)

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

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2010

Vintage year: n.a.

Target region: ,

Target close date: 01/09/2011

Product term: 7 year plus 2 year extension

Assets under management: 30,000,000 USD (US Dollar)

Investment size: Min: 500,000; Max: 3,000,000; Avg: 1,500,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors




Phone number: 59122113237.00

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Fernando Prado

Fund Manager

Impact Performance


Impact thesis

Prospero is committed to contributing towards a positive social impact on microfinance clients through its portfolio investments. The fund plans to achieve its social objectives by (a) emphasizing investment in microfinance institutions (MFIs) dedicated to serving the less penetrated microfinance markets (e.g., New Generation or Intermediate MFIs that reach the unbanked or under-served); (b) working with investee MFIs to enhance their social performance; and (c) working with MFIs to improve their ability to measure and report on social performance.
Prospero has committed to the Smart Campaign's Client Protection Principles and reporting on social performance, including MIX Market and other industry standards. Prospero will also be a Pioneer GIIRS-rated fund in the next stage of the GIIRS roll-out.

Impact Management


Financial benchmark

Term Description:


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