Incofin IM, as an Asset Manager, is growing rapidly and to keep pace with the demand, the company is now seeking to strengthen its Belgian investment management team. Currently, the requirement is for the position of Microfinance Private Equity specialist.
Since 2007 the Azeri DemirBank is a partner-MFI of Incofin IM through investments of Volksvermogen and VDK Spaarbank MFI loan portfolio. VDK is now rolling over its 2 million USD loan to the bank. DemirBank is one of the most active Azeri banks in micro and SME financing focusing on the higher-income strata of micro entrepreneurs and SME clients.
After earlier investments in Pride Tanzania (debt) and Akiba (equity), Incofin IM makes its third investment in a Tanzanian MFI. Finca Tanzania received a loan of 1.7 billion Tanzanian Shillings (1 million USD) from Incofin cvso. It is a strong and well-established institution with nearly 72,000 clients and is following a solid growth path.
