Debt Investments
Our core business activity is providing debt financing to MFIs around the world in the form of senior or subordinated debt, as well as through various capital markets issuances.
General Investment Criteria
Investments are made after rigorous financial analysis and on-the-ground due diligence of the MFI's financial sustainability, operations, management, corporate governance and social values, and the macroeconomic landscape and operating environment of the country where the MFI is located.
Other general characteristics that we consider are:
- Audited financial statements
- Clearly articulated mission and business plan
- Stringent credit and control systems
- Robust risk management and information systems
- Clearly defined management roles and organizational structure
- Board of Directors or oversight committee
- Improving financial ratios
- Network affiliation
- Transparent and favorable regulatory environment
- Rating from recognized microfinance or mainstream rating firm