PlaNet MicroFund provides short term loans to young and promising microfinance institutions that are seeking access to commercial sources of funding. The aim of PlaNet MicroFund is to help MFIs to create their own credit history. It is seen as the first instrument of another fund advised by ...
Leer másPlaNet MicroFund provides short term loans to young and promising microfinance institutions that are seeking access to commercial sources of funding. The aim of PlaNet MicroFund is to help MFIs to create their own credit history. It is seen as the first instrument of another fund advised by PlaNet Finance MicroFinance Investment Advisory Team. The fund's investment policy is particularly interested in taking unusual risks in the field of microfinance investment and financing very young MFIs in countries where foreign investment in Microfinance is very rare.
The PlaNet MicroFund has three main objectives:
1. To help increase the number of clients and the size of the loan portfolio of MFIs by granting them loans designated for on-lending.
2. To accompany institutions progressing from dependence on start-up grants to financial autonomy by providing them with loans up to three times.
3. To encourage institutions to look for other lenders or investors, as a way of achieving financial sustainability.
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