The Acumen Capital Markets Latin America Fund
The project will help create an impact-led investment fund that will finance businesses serving poor and low-income markets. The primary sector focus will be on Education, Housing and Agriculture, as well as additional involvement in other sectors including Health, Water & Sanitation and Enabling Services. The geographic focus will be Colombia and Peru as well as Central America. Through its investments, the Fund aims to impact at least 200, 000 lives and achieve gross financial returns of 11.5%. The Fund will be managed by Acumen, a pioneer and leader in the field of impact investing with over 10 years of experience investing in companies that provide goods and services to customers at the base of the economic pyramid.

Project Detail

Country

Regional

Project Number

RG-M1296

Approval Date

December 1, 2015

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 17,000,000.00

Original Amount Approved

USD 3,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-15370-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-15370-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32133
Agree-Mif Equity
Regional_ Inversión EQU_MS-15370-RG - Acumen Capital Markets Latin America Fund [39949806].PDF
Jan. 05, 2016
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32132
Agree-Mif Equity
Regional_ Investment EQU_MS-15370-RG - The Acumen Capital Markets Latin America Fund [39949779].PDF
Jan. 05, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-337803667-2
TC Document
RG-M1296 - Project Summary.pdf
Nov. 29, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-337803667-3
TC Document
RG-M1296 - Resumen del proyecto.pdf
Dec. 05, 2018
Spanish

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