Agents for Impact (AFI), a Germany-based impact investment firm, recently informed MicroCapital that it had loaned the second of two tranches to Microinvest, a lender to households as well as small and medium-sized enterprises (SMEs) in Moldova. The disbursement of 3 million euros ($3.4 million) completes an agreement between the parties valued at 7 million euros ($8 million), as announced last year by MicroCapital.

Microinvest, which is majority-owned by the Balkan Financial Sector Equity Fund, offers secured and unsecured loans for businesses, agriculture, housing, vehicles and consumption. These loans range in size from around $110 to $315,000. In 2021, Microinvest reports an outstanding loan portfolio of USD 164 million to 44,000 clients, two-thirds of whom live in rural areas and approximately 40% are women.

AFI, which was founded in 2018, does not disclose the volume of its operations. The company’s goal is to bring investors together to make progress towards the United Nations Sustainable Development Goals. Among its clients is Germany’s Invest in Visions (IIV), to which it provides fund management services.

Sources and additional resources

Direct contact with AFI

Microinvest homepage
https://microinvest.md/

VII homepage
https://www.investinvisions.com/

Did you know that MicroCapital publishes the MicroCapital Monitor every month? Learn more at https://www.microcapital.org/products-page/.

Similar posts: