MetLife extends revolving loan to impact fund

Microfinance Africa Lome Togo sewing training from Adobe 230x150
By Jon Hay
14 Nov 2018

MetLife, the US insurance company, has made an unusual investment as part of its impact investment portfolio, which has about $200m of assets. It is providing a revolving credit facility to an impact investment fund, to enable it to cope more easily with redemptions.

MicroVest, the $370m US asset manager, specialises in lending to microfinance providers in emerging and frontier markets. “We only invest in financial institutions that have demonstrated they can cut out the loan sharks and promote financial inclusion,” said Gil Crawford, MicroVest’s CEO, on the sidelines of the Global ...

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