Incofin CVSO
Equity & withdrawable shares
Provides working capital to microfinance institutions (MFIs) in over 40 countries
Incofin Investment Management (Incofin IM) manages funds that invest in microfinance institutions (MFIs) in developing countries. MFIs provide financial services, such as credits, savings and insurances, to people who cannot have recourse to regular banks. As a specialist in rural microfinancing, Incofin IM's main goal is to reach out to people who live in more secluded rural areas and/or who are active in the agricultural sector.
From our offices in Belgium, Colombia and India we finance and support organizations in over 40 countries. Incofin IM also explores the possibilities for direct investments in companies situated in these countries and develops new products to suit the development of their needs. After all, we are committed beyond investment.
Incofin IM's biggest asset is our international team. Our experts have a great deal of experience in the area of microfinance and maintain relations with investors worldwide. Thanks to their enthusiastic approach, involvement and personal contact with the organizations in which we invest, Incofin IM succeeds in making a difference. Incofin IM aims at a balanced combination of financial and social results. We attach great importance to the social objective of the organizations which we support. Only those institutions that actually have a positive impact in terms of their clients' and staff's standard of living may qualify for investment.
Summary
Incofin cvso invests in sustainable microfinance institutions in developing countries that offer financial services adapted to small local enterprises and seek to add value on a social level. Incofin cvso supports MFIs that offer financial services to small entrepreneurs to develop their own business and to improve their living conditions.
Social Impact
Incofin IM has developed ECHOS© to measure the social performance of their investments (i.e. putting a company's social mission into practice). ECHOS© is a measuring tool that scores the social performance of MFIs. Since they believe that their evaluation methods should always be in line with sector initiatives, this tool has recently been updated for the third time. ECHOS© calculates the score of an MFI by using a questionnaire which focuses on the social performance dimensions:
- The extent to which an MFI puts its social objectives into practice
- Its outreach and contribution to society
- Level and quality of the service provided and respect for the Client Protection Principles Human resources
- Respect for the environment and implementation of the principles concerning
The ECHOS© questionnaire is completed by one of the Incofin IM investment managers during an on-site audit and is applied to all of the MFIs in the Incofin IM portfolio. Only MFIs that score above 50% are eligible for funding.
