Incofin Investment Management

Incofin Investment Management, established in 2001, is a Belgium-based impact investment firm specializing in financial inclusion for rural and agricultural sectors in developing countries. It invests in microfinance institutions (MFIs) and small and medium enterprises (SMEs), providing debt, equity, and guarantee financing. Incofin typically invests in MFIs with a credit portfolio of at least €1 million and a portfolio quality of PAR30 below 10%. It seeks investments in the range of €100,000 to €1 million, with equity investments held for seven years and debt investments with maturities of one to five years. The firm operates globally, with a significant focus on Sub-Saharan Africa, and has offices in Belgium, Colombia, India, Kenya, Luxembourg, and Cambodia.

Aditya Bhandari

Partner and Regional Director of Private Equity Asia

Rahul Rai

Partner, Incofin India

Past deals in Central America

Ficohsa

Debt Financing in 2025
Ficohsa is a financial institution based in Francia, Honduras, offering a range of banking services. The bank specializes in personal and corporate banking, entrepreneurial banking, mortgage lending, and credit cards. In addition to traditional banking products, Ficohsa provides insurance, brokerage, and foreign exchange services. The institution focuses on delivering personalized financial solutions to its customers, assisting them in achieving their financial goals. Through its diverse offerings, Ficohsa aims to meet the varied needs of individuals and businesses in the region.
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