24 March 2014: NMI AS was invited to deliver a key message speech at the 10th Global Microfinance Forum held 20th & 21st March 2014 in Vienna, Austria.
Oslo, Norway - 28 June 2013: NMI AS and investors successfully completed the signing of the investor commitments to the NMI Fund III today.
All five investors – DnB Livsforsikring, Ferd, KLP, Norfund and Storebrand - in NMI Global Fund and NMI Frontier Fund (both totaling MUSD 100) are committed to the new NMI Fund III.
The size of the first close is MUSD 32, and NMI is targeting a second close with existing and new investors for 2014. The focus of NMI Fund III is on direct investments in 9 countries in Sub-Saharan Africa as well as in India and Indonesia.
Oslo, Norway - 15 May 2013: NMI Global Fund today announced the disbursement of USD 4.0 Million in the form of a Senior Loan to Sathapana Microfinance Institution Limited ("Sathapana"). Sathapana is a large and well-established MFI with a long and profitable track record in Cambodia, operating in 22 (of 24) provinces in the country. In addition, 60% of the borrowers are in the rural areas with roughly two-thirds of these being women. The Company currently serves more than 68 000 clients and has a Gross Loan Portfolio of over USD 120 million.