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
The Fairtrade Access Fund provides farmers' cooperatives and associations the long-term loans they need to renew their farms or adopt new technologies and equipment. The Fund was launched in 2012 under the management of Incofin Investment Management by the fund sponsors Incofin cvso, Fairtrade International and Grameen Foundation. The fund began operations in Latin America and will expand into Africa and Asia in a second phase. It launched with $1.75m committed for seven years by the fund sponsors and is projected to approach $25m (20m euros) by the end of year two.
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 Belgian trade union ACV-CSC Metea.
BIO

Incofin IM manages an account on the balance of BIO, the Belgian Investment Company for Developing Countries. Through the BIO account, Incofin invests in smaller, early-stage and difficult to access Tier 2 and Tier 3 microfinance institutions.

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.

Contact

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 2013:

  • Number of supported MFIs: 141
  • Number of investment countries: 47
  • Total amount invested:
    € 269.236.335
    $ 367.811.790

Success story

Triggering a spark of enthusiasm and hope

For many years, Sayen Voskanyan’s family from Mkhchyan village in the Artashat district has strived for better housing conditions. This villager has been working together with Kamurj for two years now.