AfriCap Microfinance FundCapitalized at $15 million, AfriCap is the world’s first microfinance investment fund for Africa. The fund, based out of Dakar, Senegal, is dedicated to underwriting Africa’s emerging commercial microfinance sector. AfriCap makes equity investments in selected microlenders and finances technical assistance to build their capacity to reach large numbers of borrowers. The fund's founding investors include Calmeadow, Accion, the International Finance Corporation, the Netherlands Development Corporation and the European Investment Bank.
Blue Orchard FinanceA Swiss company dedicated to promoting private investments in microfinance, Blue Orchard Finance helps banks and funds invest efficiently in the microfinance sector. Blue Orchard services include the identification and analysis of microfinance institutions as well as investment monitoring and reporting.
Calvert GroupKnown for its family of socially screened mutual funds as well as tax-free investment products, Calvert Group is one of the Washington, D.C., area's largest mutual fund management firms. Calvert Group has more than 200,000 investors and more than $5 billion in assets under management. The Calvert Social Investment Fund (CSIF), begun in 1982, is a leader among socially and environmentally screened mutual funds. In l990, CSIF shareholders voted to invest one percent of fund assets at below-market rates in nonprofit intermediaries to support microcredit, low-income housing and small enterprise development in the U.S. and overseas.
DEVCAPDEVCAP's Shared Return Fund allows responsible investors to earn solid investment returns while creating new opportunities in the developing world through microenterprise. The fund enables individuals and institutions to invest in a portfolio of socially screened stock and also allows them to donate a portion of their investment returns to microfinance organizations around the world.
ProFund InternacionalProFund Internacional is an investment fund dedicated to earning a high return for its shareholders while promoting the growth of regulated and efficient microfinance institutions in Latin America and the Caribbean. Using a venture capital approach to microfinance, ProFund takes equity stakes of up to 30 percent in microlenders that are regulated or are transforming into regulated, for-profit financial institutions. ProFund itself operates on a for-profit basis, providing equity and quasi-equity to eligible financial institutions so they may expand their operations on a sustainable and large-scale basis.
The Community Reinvestment Fund (CRF)CRF is a nonprofit organization that provides a secondary market for economic development loans. The fund buys loans from economic development organizations and uses them as collateral to sell bonds to private investors, as well as providing other services. Since 1989, CRF has purchased or committed to purchase 895 loans totaling more than $59 million from 62 organizations in 14 states. In purchasing these loans, CRF has provided more than $52 million in cash to local development lenders for reinvestment in their communities.
The Multilateral Investment Fund of the IDBThe Multilateral Investment Fund, which is administered by the Inter-American Development Bank (IDB), promotes private sector development and private investment in Latin America and the Caribbean. Part development institution and part venture capital fund, MIF offers assistance primarily in the form of grants. Special emphasis is given to the development of small enterprise, a vital part of the Latin American/Caribbean economy and a powerful means of job creation and more equitable income distribution.