KNOW A MICROFINANCE FUND: AfriCap Microfinance Fund

africap microfinance fund

Description:

AfriCap uses equity and quasi equity instruments with an aggregate exposure of $1.5 million per investment, with equity stakes ranging from 15 to 30 percent. AfriCap also offers a Technology Assistance Package through the AfriCap managed grant fund. AfriCap invests in a range of financial services companies, including micro-insurance, low-income housing, micro-leasing and money transfers.

Microfinance Information Exchange (MIX) Profile:

Organization’s Website:

Just the Facts. Country of Incorporation: Mauritius

Country of Incorporation: Private Equity Fund

Year Founded: 2002

Number of MFI Investments (as of day/month/year): 20 (as of 31/October/2009)

Area of Operation: Africa

Participant(s)/Backer(s)/Investor(s): ACCION, Africap Sweden, BlueOrchard, Calmeadow, Calvert Foundation, European Investment Bank, FinnFund, FMO, GrayGhost, International Finance Corporation, Norfund, Swedfund, Hivos-Triodos Fonds

fax: (221) 869-1217

tel: (221) 869-1210—

Additional Resources:

News from AfriCap

Recent news on AfriCap from Microcapital.org

European Investment Bank (EIB), Gates Foundation, and Dutch Development Agency to Provide Technical Assistance Grants to AfriCap Microfinance Fund and FinTech Africa (April 2009)

AfriCap Microfinance Fund (AfriCap) of Mauritius Makes a $1.1m Equity Investment in Societe de Financement de la Petite Entreprise (SOFIPE) of Burkina Faso (May 2008)

ACCION Gateway Microfinance Investment Vehicles Fund (GMIV) Invests in Lok Capital, AfriCap (November 2007)

Summary of Report on AfriCap Microfinance Fund Released by US Agency for International Development (USAID) (December 2007)

AfriCap Microfinance Fund Attracts Notable Investors Including Nordic MicroCap, BlueOrchard and Gray Ghost, Raises Capital to $50m (October 2007)

Authored by Kenny Kline, Research Associate

Source: www.microcapital.org

Category: Payday loans

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