Incofin Investment Management, a leading emerging markets impact investment firm, announces the sale of its remaining equity stake in Fusion Microfinance to Warburg Pincus, bringing an end to a successful eight year partnership. Established in 2010 and headquartered in New Delhi, Fusion focuses on servicing unbanked women living in the rural and semi-urban areas of northern and central India.
Incofin Investment Management is pleased to announce a full exit from Annapurna Finance, India with its Rural Impulse Fund II (RIF II). Together with SIDBI Venture Capital Incofin decided to fully sell a total 12,5 % holding for approximately Rs 90 crore, putting the valuation of India’s eight largest microfinance company at Rs 850 crore.
In October 2013, the first EIB Rural Impulse Fund (RIF II) Symposium in Africa was held in Mombasa, Kenya. The purpose of the Symposium was to encourage capacity building and peer-to-peer learning for microfinance practitioners coming from the African, Caribbean and ACP countries.