|TSW Capital Services - Deal Announcement
7th October, 2014 - TSW Capital Services announces the successful closure of lending for Bimputh Financial Services from Incofin IM’s Rural Impulse Fund (RIF I) to the tune of USD 750,000. TSW Capital acted as the sole financial advisor to Bimputh Finance for this deal. The funds will be used by Bimputh to expand its microfinance operations in the island nation, Sri Lanka.
BIMPUTH FINANCE PLC, SRI LANKA
USD 750,000 Loan from
INCOFIN IM’S RURAL IMPULSE FUND
About Bimputh Finance PLC
Bimputh is predominantly a micro-finance institution operating through a combined network of 25 branches offering financial services to a customer base of nearly 65,000, mainly micro, small and medium entrepreneurs. Its operations are focused largely in the rural areas of Sri Lanka. Bimputh holds an objective of uplifting the living standards of low-income households of Srilanka by providing them with financial products that includes leasing, pawning, hire purchase, agricultural loans, etc.
About Incofin Investment Management (IM)
Incofin IM advises investment funds with a double bottom line which pursue social and financial results and has more than 550 million USD under advice. Incofin IM invests in microfinance institutions (MFIs), producer organizations and companies in developing countries which generate developmental impact. Incofin IM’s target investees have a potential for growth and a healthy financial structure, but also attach great importance to relevant social aspects. From its head office in Belgium and offices in Colombia, Kenya and Cambodia and through an advisory team in India the company finances and supports 119 investees in 42 countries.