What we do: Investment Fund Development Overview
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Investment Fund Development Mission: to promote profitable direct investment in businesses and institutions that serve the poor.
Example: MicroVest,
North America's first private equity investment fund, was created as a
global intermediary to mobilize capital for microfinance "banks." MEDA
is one of three partners. One of MicroVest's investments is in Fundacion Nieborowski,
a microfinance institution that targets poorer entrepreneurs across
Nicaragua. Leon Donato Munez is a client that has benefited from some
of those loans. "My house now has concrete walls, a tile floor, a zinc
roof and a separate kitchen. My family is healthy and I have been able
to send my children to highschool. I can't thank Nieborowski enough."