"We invest in hardworking people who seek to improve their lives."

Incofin sells its 10% equity stake in Armenian Inecobank

Incofin’s exit is the first exit of the agRIF fund and has resulted in an attractive return on investment for Incofin. agRIF, Incofin’s fund focusing on financial inclusion in the agricultural value chain, entered the capital of Inecobank in 2018. In total, agRIF has invested about USD 70 million in 11 companies. The founders of […]

Belgian Impact Day sets tone of ambition to double impact investments in Belgium

Belgian market leader in impact financing and investments, Incofin, supports the impact sector’s initiatives to double the number of Belgian impact investments in less than five years. The creation of a new institute, the publication of a study and now the Belgian Impact Day coming Wednesday in Brussels all underscore the ambitions of the sector […]

Incofin makes a second investment in agritech company SuperZop

A year after Incofin India Progress Fund’s first investment in SuperZop, Incofin invested a second tranche in SuperZop. The amount of the second investment tranche, after the USD 1 million investment in 2021, is USD 2.7 million (INR 20 Cr). This first year of investment was marked as a year of growth for our Indian partners, which […]

Inspiring women: meet Raushan from Arnur Credit

You get to meet the Chair of Arnur Credit in this new episode of Incofin’s series on inspiring women. Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we started with […]

Incofin is with a 27% participation one of the new shareholders for Banco Popular

Impact Investor Incofin has just become one of the new shareholders of the biggest microfinance player in Honduras. Institutional investors IFC and CABEI (BCIE) and impact investor Bamboo Capital Partners (“Bamboo”) are selling their full participation in Banco Popular (together almost 65% of the total shares). Their shares are being taken over by new shareholders […]

Incofin named Belgian asset manager of 2022

Incofin has been awarded as Belgian Asset Management Company of the year 2021 by Global Banking & Finance Review. Incofin winning the award for the second year in a row indicates the growing mainstream awareness of what happens in the impact investment space. This award recognizes that Incofin has been at the forefront of the development […]

The founder of Kashf Foundation is starring Incofin’s newest episode on inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

New episode of Incofin’s series starring inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

Incofin launches series starring inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

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Incofin sells its 10% equity stake in Armenian Inecobank

Incofin’s exit is the first exit of the agRIF fund and has resulted in an attractive return on investment for Incofin. agRIF, Incofin’s fund focusing on financial inclusion in the agricultural value chain, entered the capital of Inecobank in 2018. In total, agRIF has invested about USD 70 million in 11 companies. The founders of […]

Belgian Impact Day sets tone of ambition to double impact investments in Belgium

Belgian market leader in impact financing and investments, Incofin, supports the impact sector’s initiatives to double the number of Belgian impact investments in less than five years. The creation of a new institute, the publication of a study and now the Belgian Impact Day coming Wednesday in Brussels all underscore the ambitions of the sector […]

Incofin makes a second investment in agritech company SuperZop

A year after Incofin India Progress Fund’s first investment in SuperZop, Incofin invested a second tranche in SuperZop. The amount of the second investment tranche, after the USD 1 million investment in 2021, is USD 2.7 million (INR 20 Cr). This first year of investment was marked as a year of growth for our Indian partners, which […]

Inspiring women: meet Raushan from Arnur Credit

You get to meet the Chair of Arnur Credit in this new episode of Incofin’s series on inspiring women. Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we started with […]

Incofin is with a 27% participation one of the new shareholders for Banco Popular

Impact Investor Incofin has just become one of the new shareholders of the biggest microfinance player in Honduras. Institutional investors IFC and CABEI (BCIE) and impact investor Bamboo Capital Partners (“Bamboo”) are selling their full participation in Banco Popular (together almost 65% of the total shares). Their shares are being taken over by new shareholders […]

Incofin named Belgian asset manager of 2022

Incofin has been awarded as Belgian Asset Management Company of the year 2021 by Global Banking & Finance Review. Incofin winning the award for the second year in a row indicates the growing mainstream awareness of what happens in the impact investment space. This award recognizes that Incofin has been at the forefront of the development […]

The founder of Kashf Foundation is starring Incofin’s newest episode on inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

New episode of Incofin’s series starring inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

Incofin launches series starring inspiring women

Incofin strives for more gender equality. First and foremost, because it is the right thing to do. And also because companies with a gender-balanced leadership outperform those that are less balanced. That is why we start with an #InspiringWomen-series: over the next few weeks, we will introduce you to some of the most inspirational women Incofin […]

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Committed beyond investment

 

Impact Report 2021

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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