Local Currency Microfinance Fund II
BIO has invested USD 4 M in equity in LocFund II, an MFI fund providing midterm local currency loans to smaller MFIs in Latin America.
Amount
€ 3,031,680.00
Type of investment
Equity
Development impacts
- Financial inclusion
- Gender
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
MFI Fund
Organisation
Local Currency Microfinance Fund II
Domicile
Local Currency Microfinance Fund (Locfund) II is active in 15 countries in Latin America and the Caribbean and has a total fund size of USD 79 million. The fund is managed by Bolivian Investment Management Limited (BIM Ltd.), headquartered in La Paz (Bolivia) and local offices in Lima (Peru) and San José (Costa Rica). BIM has extensive experience and has managed seven investment vehicles so far.
The main purpose of Locfund II is to:
- offer local currency-denominated debt instruments to microfinance institutions in Latin America and the Caribbean,
- provide support, through its Technical Support Facility, for specific institutional development activities at selected MFIs and
- stimulate Investee companies’ access to the local securities market by acting as underwriter for fixed income instruments issued by the MFIs.
Development impacts
-
Financial inclusion
Locfund II is expected to improve the population’s access to financial services by providing funding in local currency to small MFIs.
-
Gender
At least 50% of final clients are expected to be women, mainly in rural areas.
Made possible through this investment
Adicla
Guatemala
Microfinance
Adisa
Guatemala
MFI
Acceso Crediticio
Peru
MFI
Alternativa
Peru
Microfinance
AHSETFIN
Honduras
Microfinance
AMC El Salvador
El Salvador
Microfinance
AMC Honduras
Honduras
Microfinance
Apoyo Integral
El Salvador
Microfinance
Arariwa
Peru
Microfinance
ASEI
El Salvador
Microfinance
ASPIRE
Dominican Republic
Microfinance
Banco D-Miro
Ecuador
Microfinance
Banco Popular
Honduras
Microfinance
Comixmul
Honduras
Microfinance
Contactar
El Salvador
Microfinance
Credicampo
El Salvador
Microfinance
Credisol
Honduras
Microfinance
Diaconia
Bolivia
Microfinance
Espoir
Ecuador
Microfinance
F. Paraguay
Paraguay
Microfinance
FACES
Ecuador
Microfinance
Fafidess
Guatemala
Microfinance
FAMA
Nicaragua
Microfinance
Fama OPDF
Honduras
Microfinance
FDD
Dominican Republic
Microfinance
FDL
Nicaragua
‘Fondo para el Desarrollo Local’ , or FDL, is a Nicaraguan microfinance institution (MFI) that has been granting since 1997 microcredit facilities in rural areas where there were no financial services available to the local communities. FDL’s clients are small businesses, small traders and service providers, mainly run by women (54%) living in rural areas.
Finca Nicaragua
Nicaragua
Microfinance
Fondesurco
Peru
Microfinance
Fubode
Bolivia
Microfinance
Genesis
Guatemala
Microfinance
IDH
Honduras
Microfinance
Impro
Bolivia
Microfinance
Inversiones Confianza
El Salvador
Microfinance
Insotec
Ecuador
Microfinance
Micredito
Nicaragua
Microfinance
ODEF
Honduras
Microfinance
Optima
El Salvador
Microfinance
Padecomsmcredito
El Salvador
Microfinance
Prisma HON
Honduras
Microfinance
Pro Mujer Bolivia
Bolivia
Microfinance
Pro Mujer Nicaragua
Nicaragua
Microfinance
Proempresa
Peru
Microfinance
Sembrar Sartawi
Bolivia
Microfinance
Share
Guatemala
Microfinance
View more of our investments in this region
Financial Institutions
Banco para la produccion y la comercializacion SA
15,000,000.00
Paraguay
16/02/2024
Debt
Investment Companies & Funds
Darby International Capital Latin American Fund IV
10,000,000.00
Brazil, Colombia, Peru
01/12/2023
Equity
