NMI Funds

NMI Global Fund

NMI Global Fund invests primarily in Microfinance Investment Vehicles (MIVs) managed by Established MIV Managers. Established MIV Managers are those who have previously managed MIVs and who have a demonstrable track record and experience.

The Global Fund invests in MIVs that invest primarily in Established MFIs. Established MFIs are those with large and sustainable operations. They will generally have a significant branch network, skilled and professional staff, and a large client base. They will generally have a proven ability to attract and utilize investment capital from domestic and international capital markets and to work closely with institutional investors. NMI Global Fund may also make a limited number of direct investments in Established MFIs.

For the NMI Global Fund, identifying and cooperating with the best international, regional and local MIV Managers is critical.The Fund will invest in regionally oriented MIVs where appropriate. NMI Global Fund will have a balanced distribution of debt and equity investments and seeks to work with a wide variety of MIVs, MIV Managers, and Established MFIs. NMI Global Fund strongly focuses its investments on Africa, Asia and Latin America but is not limited to these regions exclusively.

NMI Global Fund supports the expansion of MFIs that have large and sustainable operations. It is expected that investments in these MFIs help them increase their market penetration, expand into new markets, and develop new products and services. The investment size range is between USD 3 million and USD 8 million.

The NMI Global Fund is capitalized with NOK 360 million (approximately USD 60 million) and will have an initial term of 10 years. NMI Global Fund seeks a fair financial return from its investments and seeks to balance these returns with a strong commitment to Development Impact and other social objectives.