MicroVest

MicroVest is a private equity firm based in Bethesda, Maryland, founded in 2003. It specializes in investing in small and medium-sized enterprises, focusing particularly on low-income financial institutions, such as microfinance institutions and consumer finance companies. The firm operates through its mPower Investment Program and prefers to invest in regions including the Middle East, Latin America, Central America, Mexico, the United States, Canada, Europe, Eastern Europe, Asia, and the Indian Subcontinent. MicroVest typically makes investments ranging from $0.1 million to $15 million, utilizing various financial instruments such as debt, loan guarantees, equity with an exit strategy, and quasi-equity sub-debt.

John Beckham

Chief Investment Officer

Tuvshinzaya Bold

Business Development Associate

Andreas Eichin

Director of Credit

Alexandra Ergon

Business Development Director

Rob Hamilton

Business Development Associate

Nathan Horst

Senior Investment Officer

William Jacobsen

Business Development Director

Roberto Norton

Finance Associate

Amir Poustinchi

Chief Financial Officer

Sonya Sbar

Managing Director, Business Development

Abiskar Shrestha

Investment Manager

Candace Smith

Managing Director of Risk

Douglas Young

Managing Director of Equity

13 past transactions

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.

Aye Finance

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.

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.

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).

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.

XacLeasing

Venture Round in 2014
XacLeasing company will deliver comprehensive, high quality, on time leasing services to Mongolian citizens and companies.

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.

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.

Serfindata

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

Satin Creditcare Network

Venture Round in 2013
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.

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.

Varsity Management Pvt Ltd

Venture Round in 2011
Varsity Management Pvt Ltd is an education management company based in Hyderabad, India, established in 2010. The company provides a comprehensive range of operational and support services to educational institutions across Karnataka, Andhra Pradesh, Maharashtra, and Tamil Nadu. Its offerings include curriculum development, teacher recruitment, infrastructure facilities, accounting and IT services, marketing, testing services, and the supply of textbooks and uniforms. Additionally, Varsity Management focuses on teacher training, ensuring that educational institutions have access to qualified personnel and resources necessary for effective teaching and learning.

Vardhman Textiles

Venture Round in 2010
Vardhman Textiles Limited is a prominent manufacturer and seller of textile products based in Ludhiana, India. Established in 1973, the company specializes in producing a diverse range of yarns, including greige and dyed options made from cotton, polyester, acrylic, and blends. Vardhman Textiles also offers value-added products such as organic cotton and fancy yarns suitable for hand knitting. In addition to yarns, the company manufactures fabrics for shirting and trousers, garments, and various types of threads, catering to both domestic and international markets. Approximately 25% of its revenue is derived from exports to countries including the United States, Canada, China, and several others across Europe and the Middle East. Furthermore, Vardhman Textiles is involved in producing hot-rolled bars for industries such as automotive and engineering, showcasing its extensive capabilities within the textile sector.