"We do more than financing. We engage with the institution, discuss challenges and provide Technical Assistance."

Incofin invests in Şekerbank to advance gender-smart financing in Türkiye

7 February 2025 – Incofin is pleased to announce an investment in Türkiye as the portfolio manager of the Global Gender-Smart Fund (GGSF), a pioneering initiative dedicated to promoting gender equality through financial support for institutions committed to this mission. This investment is being made in our long-standing partner, Şekerbank T.A.Ş.  Established in 1953, Şekerbank […]

Growing Dignity

 by Ben DeVries This case study was first featured on Impact Europe’s website here.     Qul Fruit Wall empowers farmers at every link of Kashmir’s agricultural value chain – and keeps scaling up thanks to an investment from Incofin’s India Progress Fund.    An apple grows in Kashmir    It took sun, rain and good […]

Our equity investment in Sahyadri Farms, India

  Owned by over 6,000 smallholders, Sahyadri Farms is the largest farmer-owned integrated value chain operator in the Fruits & Vegetables sector in India. This is no small feat considering India comes in only after China as the world´s greatest agricultural output producer.   Sahyadri Farms was founded by these smallholders to increase their profitability by […]

How Kashf Foundation is transforming the lives of women in Pakistan

In Pakistan, where historical cultural practices and customs can result in systemic discrimination against women, there are exemplary microfinance institutions supporting women´s progress across social and economic lines. Since 1996, the Kashf Foundation (KF) has provided financial services to low-income families and microentrepreneurs, supporting their clients—especially women—to become active agents of social and economic change. […]

Bank Arvand wins a 60 Decibels Social Impact Award

We are proud to share that our investee Bank Arvand has won a 60 Decibels Social Impact Award for ranking top 3 out of all 32 Asian financial service providers surveyed in the 2024 Microfinance Index. The MFI Index is the world’s largest financial inclusion index grounded in customer voice, surveying 36,000+ clients of financial […]

Incofin exits Fundeser in strategic sale to Grupo Atlántida, marking a decade of impact

Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. Both stakes were sold to Inversiones Tres Lagos S.L., a subsidiary of Grupo Atlántida, one of the largest Central American financial groups.  RIF II divested its 10.5% equity participation in Fundeser, […]

Incofin & GAIN propel nutritious foods fund with new investments in Sub-Saharan Africa

December 2024 Incofin Investment Management, alongside the Nutritious Foods Financing Facility (N3F) partners, the Global Alliance for Improved Nutrition (GAIN), USAID, and the Swiss Agency for Development and Cooperation (SDC), announces two new investments to enhance food security and nutrition in Sub-Saharan Africa. These investments, totaling USD 1.55 million, underscore N3F’s active deployment in the […]

Incofin Investment Management welcomes Serkan Alhan to the Management Board

Antwerp, 4 December 2024 – Incofin Investment Management is pleased to announce the appointment of Serkan Alhan to the company’s Management Board, effective 1 January 2025, subject to the non-objection of the Belgian Financial Services and Markets Authority. Serkan’s extensive experience and deep commitment to Incofin’s mission make him a valuable addition to the board, […]

Incofin invests in SPOUTS International to expand clean water access in Africa

14 November 2024 – Incofin, a global impact investor known for supporting innovative solutions in emerging markets, has committed EUR 3 million to SPOUTS International (SPOUTS), a pioneering East African social enterprise. This investment, from Incofin’s Water Access Acceleration Fund (W2AF), aims to help SPOUTS expand its clean water initiatives across East Africa and its […]

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Incofin invests in Şekerbank to advance gender-smart financing in Türkiye

7 February 2025 – Incofin is pleased to announce an investment in Türkiye as the portfolio manager of the Global Gender-Smart Fund (GGSF), a pioneering initiative dedicated to promoting gender equality through financial support for institutions committed to this mission. This investment is being made in our long-standing partner, Şekerbank T.A.Ş.  Established in 1953, Şekerbank […]

Growing Dignity

 by Ben DeVries This case study was first featured on Impact Europe’s website here.     Qul Fruit Wall empowers farmers at every link of Kashmir’s agricultural value chain – and keeps scaling up thanks to an investment from Incofin’s India Progress Fund.    An apple grows in Kashmir    It took sun, rain and good […]

Our equity investment in Sahyadri Farms, India

  Owned by over 6,000 smallholders, Sahyadri Farms is the largest farmer-owned integrated value chain operator in the Fruits & Vegetables sector in India. This is no small feat considering India comes in only after China as the world´s greatest agricultural output producer.   Sahyadri Farms was founded by these smallholders to increase their profitability by […]

How Kashf Foundation is transforming the lives of women in Pakistan

In Pakistan, where historical cultural practices and customs can result in systemic discrimination against women, there are exemplary microfinance institutions supporting women´s progress across social and economic lines. Since 1996, the Kashf Foundation (KF) has provided financial services to low-income families and microentrepreneurs, supporting their clients—especially women—to become active agents of social and economic change. […]

Bank Arvand wins a 60 Decibels Social Impact Award

We are proud to share that our investee Bank Arvand has won a 60 Decibels Social Impact Award for ranking top 3 out of all 32 Asian financial service providers surveyed in the 2024 Microfinance Index. The MFI Index is the world’s largest financial inclusion index grounded in customer voice, surveying 36,000+ clients of financial […]

Incofin exits Fundeser in strategic sale to Grupo Atlántida, marking a decade of impact

Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. Both stakes were sold to Inversiones Tres Lagos S.L., a subsidiary of Grupo Atlántida, one of the largest Central American financial groups.  RIF II divested its 10.5% equity participation in Fundeser, […]

Incofin & GAIN propel nutritious foods fund with new investments in Sub-Saharan Africa

December 2024 Incofin Investment Management, alongside the Nutritious Foods Financing Facility (N3F) partners, the Global Alliance for Improved Nutrition (GAIN), USAID, and the Swiss Agency for Development and Cooperation (SDC), announces two new investments to enhance food security and nutrition in Sub-Saharan Africa. These investments, totaling USD 1.55 million, underscore N3F’s active deployment in the […]

Incofin Investment Management welcomes Serkan Alhan to the Management Board

Antwerp, 4 December 2024 – Incofin Investment Management is pleased to announce the appointment of Serkan Alhan to the company’s Management Board, effective 1 January 2025, subject to the non-objection of the Belgian Financial Services and Markets Authority. Serkan’s extensive experience and deep commitment to Incofin’s mission make him a valuable addition to the board, […]

Incofin invests in SPOUTS International to expand clean water access in Africa

14 November 2024 – Incofin, a global impact investor known for supporting innovative solutions in emerging markets, has committed EUR 3 million to SPOUTS International (SPOUTS), a pioneering East African social enterprise. This investment, from Incofin’s Water Access Acceleration Fund (W2AF), aims to help SPOUTS expand its clean water initiatives across East Africa and its […]

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Committed beyond investment

 

Impact Report 2024

Hands holding group of icons of people

Value creation through inclusive progress

We are passionate about pursuing inclusive progress through our investments in emerging countries. Our aim is to create value for our investors, our partners, our portfolio companies and the lives they touch. As an AIFM licensed fund manager, we create and manage impact oriented funds, advise on fund management for third parties and facilitate capacity building via our technical assistance facilities.

 

Map with countries where Incofin is active

We invest in
developing countries

Headquartered in Belgium with a global network of 5 offices, we finance and support organisations in over 65 countries.

USD 1.2Bn
350+
65
1,490
USD 2,7Bn

A driven & international team

Incofin’s biggest asset is our international team. We have a team of more than 80 professionals with in-depth private equity, rural and agricultural finance expertise. Thanks to their expertise, commitment and strong relationships with the organisations in which we invest, Incofin succeeds in making a difference.

Our expertise

Equity

With more than 30 completed equity investments including a strong exit track record, we are proud to say that we have helped build and support solid institutions serving millions of clients globally.

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Debt-Finance

Risk capital is the core of Incofin’s investment activities. We have a strong track record in providing debt and quasi-equity financing to over 300 investees across emerging countries.

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Agri-Finance

We support sustainability focused producer cooperatives and agro SMEs across Latin America, Africa and Asia. Our balanced portfolio of 50+ clients not only serves local food chain systems, but also promotes global food demands for exported products.

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Technical Assistance

We work with a well-established network of service providers to ensure our clients get the right expertise and support. We continuously monitor the development of our projects, evaluate the results and measure the impact for investees and for end customers.

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