As a professional investor

As a professional investor

The funds on this page, which are managed by Incofin Investment Management, invest in microfinance institutions in developing countries. The bottom-line is always a double one, focusing on a balanced combination of financial and social results.

Open for investment

Incofin cvso invests in sustainable microfinance institutions in developing countries that offer financial services adapted to small local enterprises and want to add value on a social level. Incofin cvso supports MFIs that offer financial services to small entrepreneurs to develop their own business and to improve their living circumstances.

Open for investment

Rural Impulse Fund II (RIF II) is the successor of RIF I and also invests in microfinance institutions through debt and equity investments. These commercial MFIs offer financial services in disadvantaged rural areas. The investors of this fund are development banks (IFC, EIB, KfW, BIO, FMO, PROPARCO and NMI), financial institutions (Storebrand, BNP Paribas Fortis, Bank für Kirche und Caritas, VDK Spaarbank, Vinis-Die Erste Sparinvest, Microfinanza and Volksvermogen) and Belgian trade union ACV-CSC Metea.

The Impulse Microfinance Investment Fund supports microfinance institutions at a later stage. It uses investments of the European financial sector, private companies and individuals to provide loans and equity investments to these MFIs. Some investors of this fund are KBC Private Equity, VDK Spaarbank, Ethias, BIO, Volksvermogen, ACV Voeding en diensten, Pax-Bank, ACV-CSC Metea, Bank im Bistum Essen and Bank für Kirche und Caritas.

Rural Impulse Fund (RIF I) is a Luxembourg-based investment fund for rural microfinancing. The means it employs for investing in microfinance institutions are provided by development banks and the European financial sector. Through loans and equity investments, it invests in commercial MFIs that offer financial services in disadvantaged rural areas. Some of the main investors are BIO, EIB, FMO, IFC and KBC Private Equity.

VDK MFI Loan Portfolio was founded as an investment portfolio belonging to the Belgian VDK Spaarbank. With Incofin IM as fund manager, it grants loans to large and well-developed MFIs.

Volksvermogen is a fund belonging to a Belgian investment company of the same name. It uses its own investment portfolio to support microfinance institutions and SMEs in developing countries. The fund offers loans as well as equity investments.

Tailor-made fund/facility

It is also possible to design a tailor-made investment fund or facility: microfinance, impact investments, agricultural finance,… Contact Sara Vermeir for more information.

Key figures

On 31 December 2011:

  • Number of supported MFIs: 115
  • Number of investment countries: 40
  • Total amount invested: € 212.096.860