The Norwegian Microfinance Initiative (NMI) is a new and 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. Read more
News
NMI Global Fund invests in Triodos Microfinance Fund to bolster sustainable growth of microfinance
July 8, 2010Oslo, Norway - NMI Global Fund today announced an investment of EUR 4,000,000 in Triodos Microfinance Fund, a fund that aims to increase access to financial services for the working poor in developing countries. The investment will further boost the fund's portfolio that currently consists of debt and equity investments in 16 microfinance institutions (MFIs) across 11 countries in Latin America, Africa and Asia.
KfW and NMI Invest in Goodwell West Africa to Support Growth of Microfinance in Ghana and Nigeria
June 11, 2010Oslo, Norway - NMI Frontier Fund today announced an investment of approximately USD 2 million into the newly established Goodwell West Africa Microfinance Development Company. Goodwell West Africa will invest in Microfinance Institutions (MFIs) in Nigeria and Ghana. The Company is managed by Goodwell Investments BV in partnership with local managers Alitheia Capital and JCS Investments of Nigeria and Ghana, respectively. The Company will provide a combination of growth capital, on the ground support to local MFI management teams, and access to the expertise and a global network of experienced microfinance practitioners.
NMI Commits EUR 3 Million to Support Rural Poor with Investment in Rural Impulse Fund II
June 8, 2010Oslo, Norway - NMI Global Fund today announced an investment of EUR 3,000,000 in the newly established Rural impulse Fund (RIF II). RIF II will invest exclusively in Microfinance Institutions (MFIs) with a high rural presence and will have a balanced global portfolio focused on Africa, Asia, and Latin America. The rural poor represent about three-quarters of the world's poor population.
NMI Commits USD 7 Million to Newly Established Microfinance Facility for Sub-Saharan Africa
May 5, 2010Oslo, Norway - NMI Global Fund today announced an investment of USD 7,000,000 in the newly established Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA). REGMIFA is the first regional investment fund that will support micro-entrepreneurs and medium and small enterprises (MSMEs) in Sub-Saharan Africa through medium and long-term loans to Microfinance Institutions (MFIs). REGMIFA will provide loans largely in local currency and will also provide targeted technical assistance to these MFIs.
NMI Partners with Inter-America Development Bank for Microfinance Investment in the Latin America Region
March 27, 2010Oslo, Norway - NMI Global Fund today announced a commitment of USD 7,000,000 for the Microfinance Growth Fund (MIGROF), a new lending facility for microfinance institutions in Latin America and the Caribbean. The Inter-American Development Bank (IDB) is the sponsor of MIGROF, and the new facility was announced at the IABD Annual Meeting in Cancun Mexico on 20 March 2010.
