Financial inclusion has increasingly transformed the lives of millions of entrepreneurs in developing countries. However, it is widely accepted that greater access to financial services is not a panacea for eliminating poverty.
Author: jorgen.muylaert
Persistently high portfolio growth, increasing average loan sizes and stagnating client numbers for the last decade have raised concerns of overheating in the Cambodian microfinance market, and whether there is an over-indebtedness crisis around the corner.
Data from the Credit Bureau of Cambodia (CBC) reveals that 50% of loans disbursed in 2017 were for refinancing, with 25% refinanced earlier than maturity and 30% refinanced at over 130% of the original loan amount.
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.
The Fairtrade Access Fund (FAF), managed by Incofin Investment Management (Incofin IM), held a “Mini-Forum for Coffee Exporting leaders” at the Specialty Coffee Association (SCA), a half day seminar for its agricultural division clients. The Mini-Forum aimed at expanding the clients´ knowledge on some of the most important cross-cutting topics in smallholder agriculture today.
Incofin Investment Management (Incofin IM) is pleased to announce that agRIF Cooperatief U.A has acquired the shares of International Finance Corporation (IFC) and Deutsche Investitions und Entwicklungsgesellschaft (DEG) in Inecobank. agRIF is managed by Incofin IM. Under the terms of the private transaction held between the aforementioned companies, currently, agRIF Cooperatief owns over 10% (10.0104%) of stakes, while IFC and DEG have fully completed their exit.
Incofin cvso announces with pleasure its new Annual Report 2017. Discover the latest updates and financial achievements of the Fund in 2017.