Year invested 2007
Year of exit 2016
Banco FIE is one of the leading banks in Bolivia, with core activities in micro-lending, savings products, money transfers, social security payments, tax coverage, and facilitation of remittances. It contributes to the improvement of the economic conditions in rural zones, by promoting food security and sovereignty for the Bolivian people.
- Incofin has supported the organization to become one of the leading financial institutions of Bolivia.
- The first equity investment was made in 2007 when Banco FIE was still a Non-Bank Financial Institution (NBFI) with a loan portfolio of over USD 150 million.
- At closing, Banco FIE managed a loan portfolio of USD 1.2 billion and provides diverse financial products and services to more than 1.3 million micro and small entrepreneurs in the country through a nationwide network of over 150 branches and 300 customer service points.
- Incofin has assisted Banco FIE over these last 9 years; from its transformation process to become a licensed bank to creating value for its stakeholders by balancing financial and social returns.
In September 2016 Impulse Microfinance Investment Fund, a fund advised by Incofin IM, sold its entire participation in the Bank, while Incofin cvso, another fund advised by Incofin IM, sold just under approximately half of its 10.5% in Banco FIE to other shareholders of the Bank.