The Norwegian Microfinance Initiative (NMI) is an innovative strategic partnership between the Norwegian public and private sectors that will invest in microfinance institutions (MFIs) in developing countries and provide professional assistance and technical support for these institutions. The mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing in and supporting MFIs. Learn more
News
2012 NMI brochure
We are pleased to present the new NMI brochure for 2012. This Report contains a revised overview of NMI AS and its funds: NMI Global Fund and NMI Frontier Fund. It also includes updated information about our PA Facility and Management Team. We hope you find the brochure informative.
To see the PDF version of the brochure, please click on the link below.
NMI welcomes new Investment Director
Oslo, Norway - 2 May, 2012: The Norwegian Microfinance Initiative (NMI) welcomes Knut Frigaard as new Investment Director for the NMI Frontier Fund.
NMI Global Fund Commits USD 3 Million to WWB Isis Fund to Support Women’s World Banking Network Microfinance Institutions
Oslo, Norway – 20 January 2012: NMI Global Fund today announced an investment of USD 3 million into WWB Isis Fund (Isis) to support microfinance institutions (MFIs). The Fund will predominantly make Equity investments into MFIs who are members of the Women’s World Banking (WWB) network in developing countries around the world. Isis will promote mission-focused growth based on core competencies and increasing product offering to clients, leveraging in–house expertise and best practices learned from the WWB network. The WWB network consists of 39 microfinance providers in 27 countries. These MFIs have USD 7 billion in outstanding loan portfolio and USD 3.5 billion in deposits of which 80% of the clients served are women.
NMI Frontier Fund Commits USD 3.5 Million to Newly Founded MIV to Support Microfinance Activities in Eastern Africa
Oslo, Norway - 20 December, 2011: NMI Frontier Fund today announced an investment of USD 3.5 million in Class A Shares into Progression Eastern African Microfinance Equity Fund ("Progression" or the "Company"). Progression is a Microfinance Investment Vehicle set up to provide Equity capital to Microfinance Institutions and Microfinance Enablers in Eastern Africa. The Company's operations will be based in Nairobi, Kenya, enabling frequent contact and hands-on follow-up and support to the Company's investees. The Managing Partners of Progression estimate that the Company has the potential to reach about 500 000 clients and to have a positive social impact on the lives of about 2.5 million people in Eastern Africa during the Company's lifetime.
NMI GLOBAL Fund Lends USD 4.5 million to PRASAC Microfinance Institution Limited in Cambodia
Oslo, Norway - 17 November, 2011: NMI Global Fund today announced the disbursement of USD 4.5 Million in the form of a Senior Loan to PRASAC Microfinance Institution Limited ("PRASAC"). PRASAC is a large and well-established MFI with a long and profitable track record in Cambodia, operating in all 24 provinces in the country. In addition, over 90% of the borrowers are in the rural areas with roughly two-thirds of these being women. The Company currently serves more than 120 000 clients and has a Gross Loan Portfolio of over USD 135 million.
