Microfinance Organization (MFO) Crystal was awarded the ‘Grand Prix’ at the national contest Meliora, becoming Georgia’s ’Best Responsible Large Company of the Year’. The Responsible Business Award Ceremony took place in Tbilisi on December 13, bringing together 41 companies and 76 projects. The independent jury was comprised of the leading Georgian and international experts from the UK, US, Belgium, Denmark, Israel, Norway and Slovakia.
Incofin Investment Management (Incofin IM) is pleased to announce that agRIF Cooperatief U.A has acquired the shares of International Finance Corporation (IFC) and Deutsche Investitions und Entwicklungsgesellschaft (DEG) in Inecobank. agRIF is managed by Incofin IM. Under the terms of the private transaction held between the aforementioned companies, currently, agRIF Cooperatief owns over 10% (10.0104%) of stakes, while IFC and DEG have fully completed their exit.
In December 2017 Incofin IM extended a new loan to Grassland Finance of EUR 10 million, of which 50% is denominated in local currency. The loan is made through two funds managed by Incofin (agRIF and RIF II) and the funds will be used to help the MFI expand its agricultural and rural portfolio.
Incofin Investment Management partners with new investors to increase access to financial services for smallholder farmers. The most recent close of the agRIF fund increases the total fund commitments to 140 M USD. Continue reading