Incofin Investment Management’s Rural Impulse Fund Acquires Equity Stake in FIELCO From Accion Gateway Fund
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.
Source: MicroCapital (link opens in a new window)