NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, April 8, 2014

Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM), recently announced that it has acquired a 15.3-percent stake in Financiera El Comercio (FIELCO), a microfinance institution focused on rural and agricultural markets in Paraguay. RIF II purchased these shares from Accion Gateway Fund, which is managed by US-based nonprofit Accion, for an undisclosed amount.