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NMI Fund III KS invests USD 4.7 million through a share issue in Satin Creditcare Network Limited (“Satin”)

3 April 2014: The funding from NMI will contribute towards further branch expansion into underpenetrated regions in the poor, Northern part of India in order to reach more clients. Furthermore, the funding will contribute towards developing more products to enhance the quality of life for the clients, especially in the area of sanitation and health.

NMI Frontier Fund and NMI Fund III invest USD 8 million in Kenya Women Finance Trust DTM Ltd, Africa’s largest regulated women-only financial institution

18 March 2014: NMI along with Incofin Rural Impulse Fund II announce a significant equity boost through a Ksh 1.37 Billion (approximately USD 16 million) capital infusion in Kenya Women Finance Trust (KWFT) DTM. The new development strongly propels KWFT DTM in its growth path to seal its position as the preferred financial partner for women entrepreneurs in the East African region. KWFT has the ambition to continue its strong growth path, aiming at reaching over 1 million new clients over the next 4 years. The capital increase thereto is an important first milestone. This is the largest single NMI investment to date.

Cashew nuts from IKURU (Mozambique)

6 March 2014: NMI has invested EUR 3.3 million in FEFISOL, an investment fund assisting African institutions that help poor households in rural areas in Sub Sahara Africa where little or no formal lending exists. FEFISOL funds primarily microfinance institutions, but has also some small (but important) credit lines to smallholder agricultural producer organizations like IKURU. This funding improves the income for the small farm households and helps retain revenue and profits in the local area.

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