- Active: Active
- Region: Latin America
- Country: Regional
- Sector: Microfinance
- Year: 2011
- Domicile: Cayman Islands
- Instrument: Fund
- Commitment (MNOK) as of 31.12.2019: 16.2
- Original Commitment (MNOK): 31.8
Prospero is a fund that takes equity positions in smaller MFIs in Latin America. It participates with minority stakes and assits through active management. For example it has at least one board seat in each of its investments.
Prospero is designed to bring strong, regionally based equity management capabilities to the many parts of Latin America currently lacking well-established, high-performing microfinance institutions (MFIs). Próspero Microfinanzas Fund was formed by Grassroots Capital Management and Bolivian Investment Management (BIM) with the purpose of making equity and equity-like investments in early and intermediate stage MFIs in Latin America and the Caribbean. The fund has dual goals of providing a competitive financial return to its investors and contributing to positive social impact to microfinance clients through its portfolio investments. The fund plans to achieve its objectives by focusing on MFIs dedicated to serving the less penetrated microfinance markets and unbanked or under-served populations, and working with investee MFIs to enhance their social performance management and improve their ability to measure and report on social performance.