LOCFUND NEXT, L.P.

Latin America

Region

106.6

Commitment (MNOK)

Active

Status

Locfund Next will be set up as a permanent Microfinance Investment Vehicle (MIV) to provide a permanent offer of a large range of products to the MFIs, and the proposed equity investment of USD 6 million will support funding for MFIs in Latin America and the Caribbean (LAC).

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
106.6
Year:
2020
Region:
Latin America
Country:
Regional
Domicile:
Canada
Instrument:
Funds
Status:
Active
Mandate:
Development

Additionality for LOCFUND NEXT, L.P.

This investment is particularly additional on the following ambitions:

  • Investing in capital constrained markets    
  • Investing in difficult business environments    
  • Investing in high risk instruments         
  • Mobilising private investors      
  • Taking an active role in investments      
  • Supporting enterprise improvements