BIM MICROFINANCE II LLC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Locfund II LP (“the Fund”) is a USD 62 mln debt fund that provides LCY loans and facilitates capital market access to Tier II and III microfinance providers (“MFIs”) in the LAC region. The Capacity Development contribution would support the Technical Assistance Facility (TSF II) for Locfund’s clients in their development.
What is our funding objective?
There are 5 areas of support: i), preparing MFIs for issuance in securities markets; (ii) customized assistance for capacity building for asset, liability and currency risk management and raising awareness of the importance of local-currency financing; (iii) improving the social and environmental performance of Locfund client MFIs; (iv) knowledge dissemination and (v) leveraging the potential of technology for the development of new solutions.
Why do we fund this investment?
FMO cannot directly fund or provide Capacity Development to Tier II/III MFI-segment due to efficiency issues. Nevertheless, Tier II/III MFIs do have an important developmental role to play since they often target a specific segment (agriculture/women/education/health services) or serve specific geographic regions (i.e. rural/under-served areas). ASs a result of its financing and Technical Assistance activities, Locfund has a strong understanding of the issues and challenges facing their MFI clients, and will enable the widening scope of FMO’s reach.
More investments
| Date | Total FMO financing |
|---|---|
| 11/6/2018 | EUR 0.11 MLN |
- Region
- Latin America & The Caribbean
- Country
- Bolivia, Plurinational State of
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/14/2018
- End date
- 12/16/2022
- Total FMO financing
- EUR 0.15 MLN
- Funding
- FMO NV