The I-AM Vision Microfinance Fund invested around 14 million Euro equivalent in sustainable loans in Kosovo, Romania, El Salvador, Mongolia, India, Mexico and Pakistan with a tenor of three years. The investment in Pakistan was placed with the Kashf Foundation and represents the first gender-based sukuk issuance to be deployed in Pakistan’s microfinance sector. The issuance was structured by Symbiotics S.A. with I-AM Vision Microfinance as an anchor investor and an overall volume of 5 million US-Dollars. The proceeds of the issuance will allow Kashf Foundation to provide Shari’ah-compliant microfinancing to its female customer base. This will equip women and women-led businesses with financial resources to launch and expand their ventures with the aim to generate employment.
Successful Gender Bond placement in South Asia
I-AM Vision Microfinance Market Commentary
The month of June was a busy disbursement period for the microfinance team as the I-AM Vision Microfinance Local Currency Fund placed investments in Kazakhstan, Georgia, Tajikistan, Romania, Armenia, India and Mongolia with maturities in about 3 years and a volume of 4 million US-Dollar equivalent.
