Swiss Investment Fund
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agricultural Rural Impulse Fund

The agricultural Rural Impulse Fund (agRIF) is a USD 200m global fund investing in sustainable institutions that provide financial services to people living in rural areas and smallholder farmers. The Fund follows a two-tiered investment strategy, deploying at least USD 105m into debt and a maximum of USD 95m into equity investments into financial institutions and cooperatives. The fund has a complementary technical assistance facility to help investees develop agriculture-focused products.

agricultural Rural Impulse Fund

The agricultural Rural Impulse Fund (agRIF) is a USD 200m global fund investing in sustainable institutions that provide financial services to people living in rural areas and smallholder farmers. The Fund follows a two-tiered investment strategy, deploying at least USD 105m into debt and a maximum of USD 95m into equity investments into financial institutions and cooperatives. The fund has a complementary technical assistance facility to help investees develop agriculture-focused products.

About the fund

As the majority of the world’s poor live in rural areas and access to finance is recognized as one of the major challenges faced by rural entrepreneurs at the base of-the-pyramid, agRIF presents a compelling impact opportunity to reach the rural populations with viable financial products, as well as technical assistance. agRIF is managed by Incofin, an AIFM-licensed global microfinance fund manager with many years of experience in the industry. Headquartered in Belgium, Incofin has a network of local offices and representations in all the regions where it operates. It has a vast team of experienced staff with in-depth knowledge of rural finance and private equity.

Investments by the fund

             
Date Name Country Industry Status
2019 Company 1 Haiti Non-banking microfinance Active
2018 Company 2 Myanmar Non-banking microfinance Active
2022 Company 3 Indonesia Non-banking microfinance Active
2020 Company 4 Cambodia Non-banking microfinance Active
2020 Company 5 Cambodia Non-banking microfinance Active
2017 Company 6 Kazakhstan Non-banking microfinance Active
2017 Company 7 Tajikistan Non-banking microfinance Active
2017 Company 8 Kazakhstan Non-banking microfinance Active
2022 Company 9 Ecuador Banking Active
2015 Company 10 Ecuador Non-banking microfinance Active
2022 Company 11 Honduras Banking Active
2020 Company 12 Kyrgyz Republic Non-banking microfinance Active
2018 Company 13 Kazakhstan Other industrial services Active
2018 Company 14 Ivory Coast Farming, fishing and plantations Active
2022 Company 15 Cambodia Non-banking microfinance Active
2021 Company 16 Bolivia Non-banking microfinance Active
2021 Company 17 Ecuador Non-banking microfinance Active
2017 Company 18 Honduras Farming, fishing and plantations Active
2018 Company 19 Honduras Farming, fishing and plantations Active
2017 Company 20 Ivory Coast Farming, fishing and plantations Active
2018 Company 21 Honduras Farming, fishing and plantations Active
2021 Company 22 Bolivia Non-banking microfinance Active
2016 Company 23 Georgia Non-banking microfinance Active
2017 Company 24 Colombia Farming, fishing and plantations Active
2021 Company 25 Bolivia Non-banking microfinance Active
2017 Company 26 Guatemala Food products and beverages Active
2016 Company 27 Ivory Coast Farming, fishing and plantations Active
2020 Company 28 Uganda Non-banking microfinance Active
2018 Company 29 Kyrgyz Republic Non-banking microfinance Active
2016 Company 30 Ecuador Non-banking microfinance Active
2017 Company 31 India Non-banking microfinance Active
2015 Company 32 Nicaragua Non-banking microfinance Active
2017 Company 33 Tanzania Banking Active
2015 Company 34 Peru Non-banking microfinance Active
2017 Company 35 Nicaragua Non-banking microfinance Active
2015 Company 36 Nicaragua Non-banking microfinance Active
2022 Company 37 Nigeria Non-banking microfinance Active
2017 Company 38 China Non-banking microfinance Active
2016 Company 39 Bolivia Forestry Active
2016 Company 40 Cambodia Banking Active
2020 Company 41 China Non-banking microfinance Active
2018 Company 42 Armenia Banking Active
2019 Company 43 Uzbekistan Banking Active
2016 Company 44 Ecuador Non-banking microfinance Active
2021 Company 45 Kenya Non-banking microfinance Active
2015 Company 46 Kenya Non-banking microfinance Active
2020 Company 47 Timor-Leste Non-banking microfinance Active
2018 Company 48 Kazakhstan Non-banking microfinance Active
2021 Company 49 Indonesia Non-banking microfinance Active
2019 Company 50 Colombia Farming, fishing and plantations Active
2019 Company 51 India Non-banking microfinance Active
2017 Company 52 Cambodia Non-banking microfinance Active
2016 Company 53 Tajikistan Non-banking microfinance Active
2021 Company 54 Guatemala Farming, fishing and plantations Active
2016 Company 55 United States of America Other financial services Active
2021 Company 56 Georgia Non-banking microfinance Active
2018 Company 57 Moldova Non-banking microfinance Active
2018 Company 58 Bosnia and Herzegovina Non-banking microfinance Active
2021 Company 59 Moldova Non-banking microfinance Active
2020 Company 60 Senegal Non-banking microfinance Active
2018 Company 61 Ecuador Banking Active
2021 Company 62 Honduras Non-banking microfinance Active
2022 Company 63 Uganda Non-banking microfinance Active
2018 Company 64 Mexico Non-banking microfinance Active
2018 Company 65 Myanmar Other financial services Active
2020 Company 66 Ivory Coast Farming, fishing and plantations Active
2018 Company 67 Bolivia Farming, fishing and plantations Active
2017 Company 68 India Banking Active
2021 Company 69 Armenia Non-banking microfinance Active
2017 Company 70 India Transportation and storage Active
2020 Company 71 Kenya Banking Active
2018 Company 72 Burkina Faso Farming, fishing and plantations Active
2022 Company 73 Mongolia Banking Active
2016 Company 74 Uzbekistan Other financial services Active
2015 Company 75 Ecuador Non-banking microfinance Active
2017 Company 76 Mongolia Banking Active
Reference code
2015-04
Status
Active
Date of commmitment
June 2015
Date of exit
-
Fund size
USD
200,000,000
SIFEM commitment
USD
6,000,000
Asset class
Private Debt
Investment strategy
Investment through Fund
Fund manager
Incofin