Join the people who believe in inclusive progress

The Board of Directors holds a strategic seminar and decides, among other things, to increase the annual technical assistance budget from 50,000 to 100,000 Euros.

Incofin Microfinance Fund celebrates its 25th anniversary! This extra festive anniversary is celebrated during the General Meeting of 26 April 2017.

For the first time, Incofin Microfinance Fund’s capital exceeds 40 million Euros.

Incofin Microfinance Fund sells with added value a number of capital participations (Banco FIE in Bolivia and Akiba Commercial Bank in Tanzania) in which it was a major shareholder for more than ten years.

The Fairtrade Access Fund, which Incofin Microfinance Fund helped found in 2012, makes a profit for the first time since it came into being. The fund which provides financing to fair trade agricultural organizations, reaches an amount of 30 million dollars.

‘The Impulse Microfinance Investment Fund, founded by Incofin Microfinance Fund in 2004, is paid to the investors in accordance with the agreement. The fund achieved the goals set forth.

2015 is a successful year for Incofin Microfinance Fund. An additional 360 new shareholders join the company and the capital grows by 6.9 million Euros. For the first time, the balance total of Incofin Microfinance Fund exceeds 50 million Euros.

Launch of the agRIF investment fund by the separate fund manager Incofin Investment Management (Incofin IM). The agRIF capital raising is closed in 2017 and amounts to 150 million dollars.

Incofin Microfinance Fund invests in Palestine for the first time.

Incofin Microfinance Fund participates as co-founder in FPM SA, a Congolese investment fund for Congolose microfinance and financial institutions.

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On 25 April 2012 Incofin Microfinance Fund celebrates its twentieth anniversary in the presence of Princess Mathilde, in De Bijloke in Ghent.

Incofin Microfinance Fund invests as founding member in the Fairtrade Access Fund.

For the first time Incofin Microfinance Fund allocates an envelope of 50,000 Euros to technical assistance. The money serves to support microfinance institutions in search of expertise to improve their products and processes.

Launch of the Rural Impulse Fund II by Incofin IM, a fund to the amount of 120 million Euros.

On 2 January 2010 Haiti is ravaged by a brutal earthquake. Incofin organizes a major charity action to help ACME and its clients back on their feet. Thanks to this action which is supported by the Flemish government, a sum of 171,000 Euros is raised.

Incofin investeert in ACME in Haïti.

Incofin Microfinance Fund richt samen met het management de afzonderlijke fondsenbeheerder Incofin Investment Management (Incofin IM) op. Voortaan wordt de investeringsportefeuille van Incofin Microfinance Fund door het team van Incofin IM beheerd.

Incofin invests in ACME in Haiti.

Together with the management, Incofin Microfinance Fund founds the separate fund manager Incofin Investment Management (Incofin IM). From now on the investment portfolio of Incofin Microfinance Fund is managed by the Incofin IM team.

As of 2009 Incofin Microfinance Fund is eligible for the allocation of a tax reduction for private persons subscribing to shares of Incofin Microfinance Fund. As a result thereof the share of private persons as well as the capital of Incofin Microfinance Fund see a significant increase.

The investments of Incofin Microfinance Fund in Nicaragua are facing hard times. The Nicaraguan microfinance institutions experience repayment problems due to the rise of the Movimiento de No Pago, a powerful debtors’ movement. Nevertheless Incofin Microfinance Fund weathers this crisis well.

Crisis year in the financial sector. Incofin Microfinance Fund stands its ground.

In conjunction with EIB, IFC, FMO and BIO, Incofin Microfinance Fund launches the investment fund Rural Impulse Fund I. The fund amounts to 38 million dollars. For the first time Incofin Microfinance Fund pays out a dividend of 1 % of the share capital. In the following years the dividend steadily rises to 2.5 %, a level that has remained unchanged since 2012.

Incofin Microfinance Fund neemt een participatie in FIE Gran Poder (Argentinië).

Incofin Microfinance Fund invests in Lapo in Nigeria.

As the very first external investor, Incofin Microfinance Fund provides a guarantee to microfinance institution Wasasa in Ethiopia. Today it is one of the largest in the country.

The Impulse Microfinance Investment Fund is founded, an investment fund managed separately by Incofin Microfinance Fund that invests in microfinance institutions through loans and risk capital. It appeals to institutional investors. The fund is founded for twelve years and reaches in various steps an amount of 47 million Euros.

In order to lower the threshold for private investors, Incofin Microfinance Fund issues split shares with a value of 1/20 part of a full share. In one year this operation attracts 70 private shareholders. Three shareholders – Volksvermogen, VDK Spaarbank, VKW (now Etion)) and BRS – decide to structurally support Incofin Microfinance Fund for a period of five years (from 2003 up to and including 2007). Incofin Microfinance Fund also receives support from the Gillès Foundation.

Incofin Microfinance Fund takes a participation in Akiba Commercial Bank (Tanzania) and transfers the credit fund of Incofin Tanzania to the bank. At that moment the bank has 23,865 clients. As one of the first external investors, Incofin Microfinance Fund grants a loan to Centre Nako Diabaté in Guinea, today the largest private training centre in Guinea Conakry.

Incofin Microfinance Fund takes a participation in microfinance institution Confianza in Peru, which has 9705 clients at the time. Under its current name Financiera Confianza, it is one of the largest microfinance banks in the country today – with participations by BBVA and IFC. Today the institution boasts 207,000 clients.

For the first time, the Board of Directors organizes a strategic two-day meeting in Cadzand. From now on such a meeting will be held every two or three years. Seven seminars took place already between 2002 and 2017.

A promotion campaign attracts fresh investors capital. The capital doubles to 36,308,972 Belgian Francs (900,075 Euros). Incofin Microfinance Fund becomes the co-founder of Ex-Change, an association sending out experts, and assumes the secretarial duties.

Geert Peetermans and Rita Van den Abbeel reinforce the team of Incofin Microfinance Fund which now consists of four people. Loïc De Cannière becomes the delegated manager.

An important year in which a different course is set. New shareholders join the company and the capital grows to 19 million Belgian Francs (471,200 Euros). A collaboration with Company Partnership Plan is set up. A Manager North – Mieke Winne – and a Manager South – Loïc De Cannière – are recruited. The offices move to Sneeuwbeslaan 20 in Antwerp.

Foundation of the local subsidiary company Incofin Paraná Participaçoes (Brazil).

Foundation of the local subsidiary company Incofin Uganda. In 1997 Incofin Uganda starts up the farm Naseco, among others, which is now one of the largest seed companies in Eastern Africa.

Foundation of the local subsidiary company Incofin Guatemala by which the microcredit programme Fundea is started up. Fundea develops into one of the largest microfinance institutions of the country.