Triodos Microfinance Fund
Increasing access to financial services for the working poor in developing countries
- Invest in microfinance institutions and banks across Africa, Asia, Latin America and Eastern Europe
- £50,000 minimum investment
- Invest in the long-term with the flexibility to buy and sell shares on a monthly basis
- Aims to provide an annual return of 6% to 9% over the medium term
Contact us
if interested in investing or would like more information
Facts and figures
Fund overview
- Launch date: 2 March 2009
- Targeted fund size: €200 million
- Fund size as per 31 December 2010: €60 million
- Fund structure and domicile: SICAV, Part II, Luxembourg
- Fund currency and share classes: a Euro denominated fund, with share classes available in both Euros and Pounds Sterling for retail and institutional investors. Sterling classes will be hedged against the Euro.
Investment policy
- Established microfinance institutions with a proven track record (80%) and
- start-up microfinance institutions (20%)
- Geographic scope: Latin America, Africa, Asia and Eastern Europe
- Expected allocation: equity (25-35%), quasi equity (10%), debt (50-60%) and liquidity (10%)
Financial profile
- Expected annual return over a mid-long term period: 6-9% after costs
- Low correlation with other assets classes
- Diversification: portfolio is spread over a large number of microfinance institutions in various countries and regions
- Local currencies hedged through currency forward contracts if available. At least 40% of the portfolio will be either in hard currencies or hedged local currencies.
Social impact
- An active and sustainable contribution to the alleviation of poverty by increasing access to financial services for low-income people
- Stimulate local entrepreneurship in developing countries
- Economic and social empowerment of women
- Contribution to achieving the Millennium Development Goals