Incofin IM, together with Triodos Investment Management, BlueOrchard, Developing World Markets, Microvest, Oikocredit, responsAbility, Triple Jump and Symbiotics signed a Memorandum of Understanding (MoU) for coordination in response to COVID-19 to support the microfinance sector.

Together, these nine investment originators and fund managers in impact investing have about USD 15 billion of assets under management in financial inclusion, invested in more than 80 emerging and frontier markets across Africa, Asia, Eastern Europe, the Middle East, the Caucasus, Central Asia and Latin America.

Measures taken locally to reduce the spread and impact of COVID-19 can affect clients, operations and liquidity of Microfinance and SME finance institutions. The Memorandum aims to coordinate efforts in the provision of ongoing refinancing in a responsible manner, thereby enabling these institutions to adequately respond to temporary changes in business conditions.

The MoU notably emphasises: “Microentrepreneurs and SMEs will form a vital basis for social and economic recovery. Supporting Financial Inclusion and preservation of the strong foundations that have been built over recent years is therefore of vital importance. This calls for enhanced cooperation within our sector. We have learned from previous experience that through transparency and close cooperation we can best help our partners and our own organizations through challenging times.”

The MoU is not legally binding but forms a strong basis for coordination over the coming months, with pragmatism, transparency and tolerance as key principles. The MoU also serves as a basis for dialogue with other stakeholders, such as multilateral and development finance banks and policy makers.

The signatories welcome additional impact fund managers to join the initiative in the coming weeks, as many have expressed interest. Strong alignment among market protagonists is the best possible way to safeguard the interests of impact investing, and ultimately the social impact and benefits that the sector offers to low income households and small businesses in low- and medium-income economies.

Incofin is pleased to announce the third edition of its Impact Newsletter.

We are convinced that in order to build sustainable businesses, managing social performance the same way we manage financial performance makes good business sense. This enables institutions to better understand the needs of their clients and to be more results and outcomes oriented, leading to increased business performance.

Discover the most recent updates on impact in our third Impact Newsletter. 

Incofin is pleased to announce the second edition of its Impact Newsletter.

2018 was an intense and rewarding year for impact at Incofin. Incofin was created with the belief that “inclusive progress” can only be achieved if every business decision takes into account financial and impact criteria. We hope that this latest newsletter provides you a better understanding of how we are trying to put this belief into daily practice.

We wish all of you a very happy and inclusive 2019 and we look forward to our continued collaboration.

Dina, Impact Manager, David, Fund Manager Agro, and the Impact Taskforce team

Discover the most recent updates on impact in our second Impact Newsletter. 

Incofin Investment Management (Incofin) participated in the European Microfinance Week (EMW), which was held in Luxembourg on from 14 to 16 November. The EMW is one of the top events in the microfinance calendar. Regional Director for East Asia and Impact Manager Dina Pons spoke at two panel discussions giving insights on how to use the UN SDGs meaningful when developing impact strategies with equity investees. Dina also spoke on an event related to promoting responsible lending practices in Cambodia.

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