Microfinance Private Equity

Hope Microcredit raises Rs 10 Crore from Incofin’s – Rural Impulse Fund II

Hope Microcredit Finance Ltd a Kerala based micro finance company has raised funding of up to Rs.10 Crore (US$ 2.3 Million approx) from Belgian investment firm Incofin Investment Management. The funding has been channeled through the Rural Impulse Fund II managed by Incofin. This is the first major fund raising by a microfinance institution in India after the Andhra Pradesh Microfinance Crisis began.

Hope Microcredit Finance Operations

Hope Microcredit started it’s operations as NGO in August 2005 and worked with the Self Help Group Model. It transferred it’s portfolio to a Non Banking Financial Company (NBFC) in April 2010. Hope Microcredit Finance Ltd currently has more than 80,000 clients who are serviced through it’s 42 Branches.The company has a loan book slightly over  Rs 25 crores.

Hope Microcredit Incofin Investment

Hope Microcredit Branch Network

The company is headquartered in Palakkad district of Kerala and it is one of the few micro finance companies having operations in the Andaman Islands. Know more about Hope Microcredit at – http://hopemicrocredit.com

Incofin’s Investments in India

Previosly Incofin has invested in three other microfinance NBFC’s in India which are Fusion Microfinance, Grameen Koota and Asomi Finance.

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