MicroVest GMG Local Credit Fund Limited

Rest of the World Financial services, Construction and real estate

Emerging markets debt hedge fund

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Rest of the World
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Cambodia, Cameroon, Cote d'Ivoire, Ecuador, Ghana, Mexico, Panama, Peru, Tanzania
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Construction and real estate, Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
MicroVest GMG Capital Management
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
October 2007
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$26m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Access Bank Tanzania

AccessBank Tanzania is a bank that provides microfinance products, and is held by the Access Holdings (Microfinance) Group.

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Tanzania Africa, East Africa Financial services July 2007 Active
Blue Financial Services

Blue Financial Services is a leading microfinance provider operating across 13 African countries.

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South Africa Africa, Southern Africa Financial services January 2008 Active
Advans Cameroon

Advans Cameroon provides microfinance loans to micro, small and medium sized enterprises in Cameroon.

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Cameroon Africa, Central Africa Financial services September 2008 Active
Advans Ghana

Advans Ghana provides microfinance loans to micro, small and medium sized enterprises in Ghana.

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Ghana Africa, West Africa Financial services September 2008 Active
Casas Uru

CasasUru is a real estate development company in Uruguay focused on providing integral affordable and innovative housing solutions. Casas URU develops, builds and finances housing projects located in urban and suburban areas in different cities in Uruguay.

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Uruguay Rest of the World Construction and real estate June 2013 Active
AMK

AMK Microfinance Institution Plc is one of Cambodia's leading MFIs. It has branches in every province throughout Cambodia and almost 400,000 customers. It provides a range of tailored microfinance services from multiple individual and group loans to savings and deposit products.

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Cambodia Rest of the World Financial services December 2013 Active
Bayport Management

Bayport Management is a leading provider of unsecured credit and financial solutions to the formally employed large markets in Africa, including Zambia, Ghana, Uganda, Tanzania, Botswana, South Africa and Mozambique and Latin America.

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Africa Financial services December 2013 Active
Serfindata

Serfindata is a microfinance institution based in Colombia.

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Colombia Rest of the World Financial services December 2013 Active
TBC Leasing

TBC Leasing was established in 2003 and has over 450 clients across Georgia. The list of TBCL clients includes medical, printing, transportation companies, the food and processing industry as well as some agricultural companies in Georgia.

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Georgia Rest of the World Financial services December 2013 Active
TBC Leasing

TBC Leasing was established in 2003 and has over 450 clients across Georgia. The list of TBCL clients includes medical, printing, transportation companies, the food and processing industry as well as some agricultural companies in Georgia.

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Georgia Rest of the World Financial services December 2013 Active
TBC Leasing

TBC Leasing was established in 2003 and has over 450 clients across Georgia. The list of TBCL clients includes medical, printing, transportation companies, the food and processing industry as well as some agricultural companies in Georgia.

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Georgia Rest of the World Financial services December 2013 Active
Astor

Astor is a microfinance institution based in Mexico.

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Mexico Rest of the World Financial services July 2014 Active
OTI – Serbia

OTI Serbia is a microfinance company which is part of the Opportunity International network providing microfinance products and services in Serbia and Montenegro.

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Montenegro, Serbia Rest of the World Financial services October 2014 Active
TPC Cambodia

Thaneakea Phum (Cambodia) Ltd is a rapidly growing regulated microfinance institution with a focus on serving entrepreneurs and families at the base of the socio-economic pyramid.

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Cambodia Rest of the World Financial services March 2015 Active
KEP

The Microvest GMG Local Credit Fund seeks to finance scalable, sustainable and ethically managed financial institutions that serve low income working populations.

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Montenegro, Serbia Rest of the World Financial services June 2015 Active
Lenka Capital

Lenka Capital is a special purpose vehicle and wholly-owned subsidiary of the Microvest GMG Local Credit Fund.

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Rest of the World Financial services June 2015 Active
Satin India South Asia Financial services September 2015 Active
Banco Procredit

Banco ProCredit is a commercial providing services to small and medium enterprises and private customers in Ecuador.

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Ecuador Rest of the World Financial services December 2015 Active
Varthana

Based in Bangalore, Varthana provides loans and support to affordable private schools.

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India South Asia Financial services December 2015 Active
IM Poland

IMPoland is a microfinance institution.

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Poland Rest of the World Financial services March 2016 Active
MFX LLC

MFX LLC is capitalised by microfinance organisations and foundations.

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USA Rest of the World Financial services March 2016 Active
Sunrise Bosnia

Sunrise is a microfinance institution, established in 2006, based in Bosnia and Herzegovina. It has played a vital role in transforming the economy of the country by offering small loans to help start new businesses.

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Bosnia & Herzegovina Rest of the World Financial services April 2016 Active
Acleda

ACLEDA Bank is a Cambodia-based commercial bank specialising in microfinance, also operating in Laos and Myanmar.

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Cambodia Rest of the World Financial services June 2016 Active
Unifin

Unifin is a financial institution based in Mexico.

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Mexico Rest of the World Financial services June 2016 Active
Advans Cote d’Ivoire

Advans Côte d Ivoire provides microfinance loans to micro, small and medium sized enterprises in Côte d Ivoire.

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Cote d'Ivoire Africa, West Africa Financial services December 2016 Active
Microcred SAS

Microcred SAS, founed in 2005, is a group of financial institutions primarily in sub-Saharan Africa. The bank provides basic financial services tailored to the needs of the underbanked micro and SME businesses, operating in Senegal, Madagascar, Ivory Coast, Nigeria, Mali, Zimbabwe, Burkina Faso and Tunisia.

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Cote d'Ivoire Africa, West Africa Financial services December 2016 Active
Jardin Azuayo Ecuador Rest of the World Financial services March 2017 Active