Country India
Fund RIF II
Year invested 2012
Year of exit 2014

Annapurna offers financial and technical support to low income households, strengthening their entrepreneurial skills for efficient undertaking of business activities.

Key achievements:

• Thanks to the timely Series A equity round by Incofin, AMPL, from being a small Orissa focussed NBFC, has grown to become one of the leading Central Eastern new-generation MFIs in the country.
• Incofin supported and played a pivotal role in helping AMPL has built a strong reputation for itself – focussing on responsible lending, transparent practices, quality governance and building a strong second line of management.
• Given Incofin’s strategic guidance along with technical assistance, AMPL was able to steer through a number of hurdles it faced in its journey till date. These include AP Crisis which in turn led to a very tight regulatory environment and situation of funding crunch for over 30 months.

Exit:

Successful partial exit in October 2016, by way of secondary sale to Women’s World Banking Capital Partners.

Country India
Fund Impulse
Year invested 2009
Year of exit 2014

Grameen Koota was born out of the need for timely and affordable credit to India’s poor and low-income households. It offers collateral-free loans as well as other services to women from poor and low-income households. These loans help the clients raise their standard of living and consequently help break themselves and their families out of poverty. It has coverage in 5 Indian states and services 1.8 M customers.

Key Achievements:

• Partnership from Incofin helped Grameen Koota transition from a NGO to a sustainable institutional rural microfinance focussed regional player.
• Opening doors to international equity and debt market
• Technical assistance and SPM support
• Active assistance in strengthening their top management

Exit:

In March 2014, fully exited by way of secondary sale to a strategic operator Microventures (now CreditAccess Asia).

Country India
Fund RIF I
Year invested 2008
Year of exit 2014

Asomi provides financial assistance to develop the economically weaker and underprivileged section of society. Via its loan products, it enables access to safe drinking water and water for agricultural purposes. Servicing the North Indian state of Asam, Asomi’s coverage spans over 20 districts and over 2,000 villages.

Country India
Fund RIF II
Year invested 2011
Year of exit 2016

Arman Financial Services enables access to financial solutions via vehicle finance and microfinance products, enhancing the lives of those in overlooked geographies. It provides affordable financing with simple, no-hassle loan products.

Key Achievements:

• Partnership from Incofin helped Arman shift from a pure urban leasing lender to a more inclusive rural microfinance focussed regional player.
• Opening doors to international debt market
• Technical assistance and SPM support
• Active assistance in strengthening their second line of management.

Exit:

In July 2016, fully exited via an open (public) market sale which was led by Reliance Mutual Fund.

Country Peru
Fund RIF II
Year invested 2012
Year of exit 2016

EDPYME Solidaridad is a financial institution providing financing to entrepreneurs of small enterprises in Peru. It has a strong and genuine rural outreach, servicing the poorest of the country who are often overlooked by traditional financial institutions due to the higher costs of implementation.

Key achievements:

Consistent growth in terms of both portfolio and # of clients; this growth was achieved while keeping a significant participation of female clients and high rural outreach