News

Juhudi Kilimo, Kenya

May 17, 2019
Juhudi Kilimo, Kenya

Sarah Njuguna lives in Gitare, which is 150 km north of Nairobi, Kenya. She has a loan from Juhudi Kilimo, a microfinance institution in which Incofin cvso invested EUR 2.2 millon as a shareholder. This is the fund’s first equity investment in Kenya.  Sarah’s first loan, which she received 4 years ago, amounted to EUR 500. She used her current […]

Incofin disburses USD 3m loan to Rent2Own and promotes mobility of low income population in Myanmar

May 14, 2019
Incofin disburses USD 3m loan to Rent2Own and promotes mobility of low income population in Myanmar

Incofin cvso disbursed a  USD 3 million loan to Rent2Own in Myanmar. Rent2Own offers affordable and transparent motorbike rental services in Myanmar since 2016, and set up 39 branches in 8 provinces over the last 3 years. They serve nearly 100,000 clients with a workforce of 450 dedicated employees.   With a total asset base of USD 33 million in February […]

2018: a successful year for Incofin cvso Technical Assistance

May 9, 2019
2018: a successful year for Incofin cvso Technical Assistance

2018 was a successful year for Incofin cvso Technical Assistance (TA). Every year, Incofin cvso sets aside EUR 100,000 to co-finance projects that help its financial partners deliver effective and inclusive services in order to improve people’s lives. In 2018, Incofin cvso approved three new projects, including a project on scaling up mobile and agent banking solutions with Advans Côte […]

Impact Funds show constant growth figures

May 7, 2019
Impact Funds show constant growth figures

During the Annual General Assembly, Incofin cvso, the Belgian impact investment fund, presented healthy growth figures for 2018 in addition to their latest innovative projects. On the basis of these results, the Annual General Assembly approved a dividend of 2.5% for the eighth year in a row. This once again demonstrates that investments in sustainable projects are beneficial both for […]

Withholding tax exemption

April 16, 2019
Withholding tax exemption

The first tranche of 800 euros in dividends for each taxpayer has been exempt from withholding tax for the income year 2019. This exemption is applicable to all dividends from both Belgian and foreign companies. However, the exemption does not apply to dividends from investment funds and other legal constructions. However, the exemption does apply to recognised cooperative companies such […]

Incofin helps Advans Côte d’Ivoire bring affordable financial services to the client’s door step

December 18, 2018
Incofin helps Advans Côte d’Ivoire bring affordable financial services to the client’s door step

While only 15% of the adult population in Ivory Coast has a bank account, almost half of the population is using mobile internet services. This presents a tremendous opportunity for increasing the level of financial inclusion in the country by bringing affordable financial services to the client’s door step in a timely and cost-effective manner. Through its Technical Assistance program, […]

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