MicroVest

MicroVest is a private equity firm specializing in investments buyout, small and medium sized investments. The firm invests through the mPower Investment Program. It prefers to invest in low-income financial institution (LIFIs) that includes microfinance institutions; SME Finance-Banks; SME Finance-Factoring; full service banks. The firm prefers to invest in consumer finance. It prefers to invest in companies based in Middle East, Latin America, Central America, Mexico, United States, Canada, Europe, Eastern Europe, Asia, and Indian Sub-Continent. The firm typically invests between $0.1 million and $15 million in its portfolio companies. The firm invests in the form of debt, loan guarantees, equity (with an exit strategy), and quasi-equity sub-debt. MicroVest was founded in 2003 and is based in Bethesda, Maryland.

John Beckham

CIO

TB

Tuvshinzaya Bold

Business Development Associate

AE

Andreas Eichin

Director of Credit

AE

Alexandra Ergon

Business Development Director

RH

Rob Hamilton

Business Development Associate

NH

Nathan Horst

Senior Investment Officer

WJ

William Jacobsen

Business Development Director

RN

Roberto Norton

Finance Associate

AP

Amir Poustinchi

CFO

AS

Abiskar Shrestha

Investment Manager

CS

Candace Smith

MD of Risk

DY

Douglas Young

MD of Equity

13 past transactions

Aye Finance Private Limited

Debt Financing in 2018
Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financial inclusion and to consequently serve micro-enterprises. Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India.

Kashf Foundation

Debt Financing in 2018
Founded in 1996, Kashf Foundation has worked to pioneer microfinance services that empower and promote the economic self-reliance of poor women and their families in Pakistan. Kashf is now one of the premier microfinance institutions in the country, disbursing $202 million USD in loans to date and providing more than one million people with access to financial capital.

Thaneakea Phum (Cambodia)

Venture Round in 2015
Thaneakea Phum (Cambodia), Ltd. (“TPC”) is a rapidly growing, regulated microfinance institution with a focus on serving entrepreneurs and families at the base of the socio-economic pyramid with the economic opportunities to transform the quality of their lives. TPC is currently the 5th largest MFI in Cambodia by number of borrowers and GLP. Due to its commitment to responsibly serving clients, focus on customer service, innovative products, and fair and transparent pricing, TPC has become a trusted provider of financial services for Cambodians. Head Office Going forward, TPC will continue its expansion in rural areas and develop new, innovative financial products and services for its clients. With an experienced management team, strong governance, and social commitment, TPC is well-positioned to further broaden its outreach and impact across Cambodia. TPC was established by Catholic Relief Services (“CRS”) in 1994 to enable rural women to gain access to financial services that they could use to finance their microenterprises. In January 2010, Developing World Markets (“DWM”), a US-based, socially responsible emerging markets fund manager acquired a majority equity stake in TPC from CRS. With over 15 years of experience and approximately $760 million in assets under management, DWM's oversight and high standards have enabled TPC to greatly improve its operations and procedures. As TPC grew very quickly, LOLC Micro Investment Ltd. (“LOMI”) became interested in investing in TPC, and acquired a majority equity stake from TPC.At present, LOMI owns 60% of total shares, DWM owns 36.97%, and the remainder is owned by TPC staff through an Employee Stock Ownership Plan (TPC-ESOP).

Varthana

Venture Round in 2015
Varthana provides loans and support for affordable private schools. They are a Non-Banking Financial Company (NBFC) headquartered in Bangalore, India.

TBC Kredit

Venture Round in 2014
TBC Kredit is a non-banking credit organisation operating in Azerbaijan. Founded in 1999, TBC Kredit was the first company in Azerbaijan to offer mortgage loans. The company offers a wide spectrium of credit products including consumer loans, vehicle loans, mortgage loans and business loans.

AMK Microfinance Institution

Venture Round in 2013
AMK’s commitment to social performance has been absolute. AMK has developed a comprehensive social performance management framework, which ensures that the organization stays focusing on its mission to assist large numbers of poor people. As of December 2016, over 2,300 staffs serve almost 600,000 clients in nearly 13,000 villages across Cambodia. This outreach represents 89% of all villages.

JSC TBC Leasing

Venture Round in 2013
JSC TBC Leasing is a standard financial leasing operating Leasing Produce Agriculture Agency of Georgia (APMA) Quick Product.

JSC TBC Bank

Venture Round in 2013
TBC Bank is a leading Georgian universal bank headquartered in Tbilisi, Georgia. It provides services to over 700,000 customers in its four business segments: corporate, retail, SME and micro.

Serfindata

Venture Round in 2013
Serfindata is a microfinance institution based in Colombia.

Vardhman Textiles

Venture Round in 2010
Vardhman Textiles Limited engages in the manufacture and sale of textile products in India. The company offers various yarns comprising greige and dyed yarns in cotton, polyester, acrylic, and various blends, as well as value added products, such as organic cotton, melange, lycra, ultra yarns, gassed mercerized, fine yarns, and fancy yarns for hand knitting. It also provides a range of fabrics for shirting and trousers; garments; threads made from cotton, polyester, core spun, nylon, and filaments; and acrylic fibers for various textile applications. Vardhman Textiles Limited also exports its products primarily to the United States, Canada, China, Japan, Korea, Mexico, Brazil, Mauritius, the Middle East, and the European Economic Community. The company was formerly known as Mahavir Spinning Mills Limited and changed its name to Vardhman Textiles Limited in September 2006. Vardhman Textiles Limited was incorporated in 1973 and is based in Ludhiana, India.

Varsity Management Pvt Ltd

Venture Round in 2011
Varsity Education Management Pvt Ltd offers operational and support services to educational institutes. It offers curriculum development, teacher recruitment, accounting and IT services, marketing, testing services, text books and uniforms. It offers its services in Karnataka, Andhra Pradesh, Maharashtra and Tamil Nadu. The company was incorporated in 2010 and is based in Hyderabad, India.

XacLeasing

Venture Round in 2014
XacLeasing company will deliver comprehensive, high quality, on time leasing services to Mongolian citizens and companies.
Satin Creditcare Network provides financial assistance to households, excluded from the ambit of mainstream financial service providers. The company offers financial products in the Non-MFI segment, a housing finance subsidiary, and business correspondent services, and similar services to other financial Institutions through Taraashna Services Limited, a business correspondent company and a subsidiary of Satin Creditcare Network. The company also incorporated a housing finance subsidiary which is Satin Housing Finance Limited or SHFL for providing loans to the affordable housing segment. This extension is to provide financial products that cater to the undeserved segments of the market. The company's operations is based on the Joint Liability Group model, which enables people to deliver collateral-free, microcredit facilities to economically active women in rural and semi-urban areas, who have limited access to mainstream financial service providers. It also offers loans to individual businesses and MSMEs, product financing for the purchase of solar lamps, as well as loans for the development of water connections, and sanitation facilities. Satin Creditcare Network focuses on rural and semi-urban areas, securing that its services reach those regions that usually face low or at best, moderate rates of penetration by other microfinance institutions. Satin Creditcare Network was founded in 1990 and is headquartered in Gurugram, Haryana, India.