Swiss Investment Fund
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Locfund II

Locfund II is a USD 60m debt fund providing local currency loans and technical assistance to Tier II and III microfinance institutions (MFIs) in Latin America. In addition, Locfund II supports more mature borrowers in raising debt in local capital markets.

Locfund II

Locfund II is a USD 60m debt fund providing local currency loans and technical assistance to Tier II and III microfinance institutions (MFIs) in Latin America. In addition, Locfund II supports more mature borrowers in raising debt in local capital markets.

About the fund

By addressing the local currency funding gap for Tier II and III MFIs, Locfund II helps improve their capital structure and reduce currency risks. With its capital markets component, Locfund II further makes an important contribution to the development of the financial system and capital markets in Latin America. Additionally, Locfund II is complemented by a Technical Support Facility to finance tailored trainings for portfolio MFIs in areas such as asset/liability and risk management, corporate governance and capital market access. SIFEM committed USD 5m (of which USD 1m equity and USD 4m debt) to Locfund II.

Locfund II is the second local currency debt fund of manager Bolivian Investment Management, a seasoned microfinance investor headquartered in La Paz, Bolivia with offices in Costa Rica and Peru.

Investments by the fund

             
Date Name Country Industry Status
2016 Company 1 Honduras Non-banking microfinance Inactive
2014 Company 2 El Salvador Non-banking microfinance Inactive
2016 Company 3 Peru Non-banking microfinance Inactive
2015 Company 4 Ecuador Non-banking microfinance Inactive
2018 Company 5 Honduras Banking Inactive
2019 Company 6 Panama Non-banking microfinance Inactive
2014 Company 7 Colombia Non-banking microfinance Inactive
2015 Company 8 El Salvador Non-banking microfinance Inactive
2014 Company 9 Bolivia Non-banking microfinance Inactive
2019 Company 10 Mexico Non-banking microfinance Inactive
2016 Company 11 Guatemala Non-banking microfinance Inactive
2014 Company 12 Nicaragua Non-banking microfinance Inactive
2014 Company 13 Ecuador Non-banking microfinance Inactive
2018 Company 14 Guatemala Non-banking microfinance Inactive
2016 Company 15 Honduras Non-banking microfinance Inactive
2013 Company 16 Ecuador Non-banking microfinance Inactive
2014 Company 17 Mexico Non-banking microfinance Inactive
2015 Company 18 El Salvador Non-banking microfinance Inactive
2016 Company 19 Bolivia Non-banking microfinance Inactive
2018 Company 20 Mexico Non-banking microfinance Inactive
2017 Company 21 Mexico Non-banking microfinance Inactive
Reference code
2013-04
Status
Inactive
Date of commmitment
November 2013
Date of exit
December 2022
Fund size
USD
60,000,000
SIFEM commitment
USD
5,000,000
Asset class
Equity
Investment strategy
Investment through Fund
Fund manager
Bolivian Investment Management