Incofin cvso is a Belgian investment fund with ample international experience and with the heart in the right place. Thanks to our local investment teams we know where your money is going to and what is done with it. We regularly keep you informed and – in addition to the satisfaction of making a positive contribution along with many others – we give you a nice financial return*.
*The fact that dividend was paid out in the previous years is no guarantee for the future.
You support micro-entrepreneurs all over the world
The entrepreneurs you support through Incofin cvso have a dream. They are brave people. They can and want to grow. All they need is a financial boost. An investment credit for a vehicle, livestock, plants, or a workshop for instance, can make the difference for a whole family or even a whole community. A local microfinance institution (MFI) lends them a limited sum of money. Incofin cvso helps with the financing of these MFIs. Together we stand strong is no empty slogan to us.
You enjoy a direct financial benefit
Incofin cvso is a recognized microfinance development fund. That means that you are entitled to a five percent tax reduction on the amount you invest in Incofin cvso. In addition Incofin cvso rewards its shareholders with a dividend. Not a maximum but a reasonable dividend, because our main goal is to make sure that our investments have a major social impact. The past six years the dividend amounted to 2.5 %. As a private investor you don’t pay any withholding tax on income from movable assets on the first 640 Euros of dividend income that you receive.
You help to make the local institutions stronger
In this rapidly evolving world also our financial partners in developing countries themselves draw benefit from customized support. Every year Incofin cvso sets aside 100,000 Euros for technical assistance. With this money we co-finance projects that enable experts to make their knowledge available to our local partners. This way we help to make these partner institutions stronger and operate in a more sustainable way.
That is up to you, as long as you make a minimum investment of 130.20 EUR and your total investment is a multiple of this amount. There is no maximum but Incofin cvso may only issue shares up to 5 million EUR during a period of 12 months.
You invest in a share of a cooperative company with social purpose. You can subscribe to full shares with a nominal value of 2,604 Euros or to 1/20 shares with a nominal value of 130.20 Euros, or to a combination of both. These shares are not negotiable and cannot be transferred, except with the prior approval of the Board of Directors.
A cooperative company is a company composed of a variable number of partners (on this website we also use the words investor and shareholder) with variable contributions. In principle, a partner wanting to resign always has the possibility to do so, but concretely, this is possible only during the first six months of the year and maximally at the established nominal value. Only in a number of cases provided for in the articles of association, the Board of Directors can refuse or postpone a resignation.
You don’t pay any entry, exit or management fees.
The financial return on an investment in Incofin cvso exclusively consists of dividends on these shares. As Incofin cvso has a social purpose, the partners only seek a limited capital gain in addition to a considerable social return. The past seven years Incofin cvso paid out an average dividend yield of 2.5 %, a percentage which cannot be guaranteed for the future.
In case of complaints, you can turn to the complaint management department of Incofin cvso, by calling 03 829 25 36 or by sending an e-mail to firstname.lastname@example.org. For financial disputes you can also turn to the ombudsman who is qualified with regard to the Economic Law Code. Contact data: North Gate II, Koning Albert II-laan 8, bus 2, 1000 Brussels, 02 545 77 70, email@example.com, www.ombudsfin.be.
The shares, rights and obligations of Incofin cvso are governed by Belgian law. The Belgian courts have jurisdiction in all disputes.
Investing in shares entails risks. The shares are registered, they cannot be transferred, and in the event that a partner resigns there will be no repayment in excess of the nominal value. Retiring – in whole or in part – is only possible during the first six months of the financial year (1 January to 30 June), after approval by the Board of Directors. It is a continuous public offering of shares for a period of 12 months from the publication of the information note i.e. from 19 July 2019 to 18 July 2020), unless the offer is closed early as a result of reaching the maximum amount of EUR 5 million before the end of this 12-month period. The company primarily strives for an important social return, which can have a restrictive effect on the financial return. That is why you are advised to read the information note and to pay particular attention to the risk factors as well as the key information document. Incofin cvso is subject to market, concentration, debtor, country, exchange rate, interest and liquidity risks. In addition, when a partner resigns this may have a significant impact on the liquid assets of Incofin cvso.
Shareholder of Incofin cvso