Nordic Microfinance Initiative AS

  • Active: Active
  • Region: Global
  • Country: Global
  • Sector: Microfinance
  • Year: 2008
  • Domicile: Norway
  • Instrument: Equity
  • Commitment (MNOK) as of 31.12.2019: 24.2
  • Original Commitment (MNOK): 24.2

The fund manager managing NMI Fund III. NMI focuses on growing and developing MFIs into leading institutions within their markets. For equity investments, NMI tends to take a significant ownership stake in order to work together with the MFI's management so that the company develops, grows and utilizes market opportunities.

The Mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth and economic social sustainability in developing countries by investing in and supporting Microfinance Institutions (MFIs). NMI strives to set high standards within the Social Performance Management and Reporting, and to support portfolio MFIs in developing sustainable and robust social performance platforms.

NMI comprises three micro-financing funds (NMI Global FundNMI Frontier Fund and NMI III ). The NMI funds invest equity capital and loans directly and indirectly in micro financing institutions. The funds are managed by NMI AS, a Norwegian management company established by NMI’s investors in 2008. Norfund owns fifty per cent of NMI AS. The remaining fifty percent are divided equally between Ferd, Vital, Storebrand and KLP. The establishment of NMI in 2008 represents a unique public-private partnership, in which the Ministry of Foreign Affairs and NORAD participated in the process of establishment. Norfund supports NMI AS with a view to accumulating a portfolio of commercially viable investments in micro-financing institutions that also can serve to promote development.

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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