IAMFI Members
Founding and Charter Members
DOEN Foundation
DOEN Foundation, established by the Dutch Postcode Lottery, works towards the achievement of a world in which everyone has a place. DOEN provides subsidies where necessary, and arranges loans and equity investments where possible, in its four fields of operation: Sustainable Development, Culture, Welfare and Social Cohesion.
Gray Matters Capital
Gray Matters Capital began operations in the summer of 2005 to meet a need for investment in the ecosystem of services and businesses that deliver financial services to the world’s underserved, to increase scale and social impact. Capitalizing on GMC’s enthusiastic sponsor, management’s passion and skills, and a strong network of partners in the microfinance space, GMC uses its established understanding of the dynamics of this emerging market environment to co-create programs and make early stage equity investments focused on underserved populations.
Omidyar Network
Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic, social, and political change. To date, Omidyar Network has funded for-profit companies and nonprofit organizations across multiple investment areas, including microfinance, property rights, government transparency, and social media.
Plainfield Asset Management LLC
Plainfield Asset Management manages investment capital for institutions and high net worth individuals based in the United States and abroad.
TIAA-CREF
As part of TIAA-CREF’s commitment to socially responsible investment, the organization’s Global Microfinance Investment Program makes investments to support microfinance activities, affordable housing in the United States and deposit programs in US-based Community Development Financial Institutions.
Triodos Investment Management BV
Triodos Investment Management BV, part of the Triodos Bank Group, encourages professional, responsible and sustainable microfinance.
Charter Members
Blue Orchard Finance USA
BlueOrchard provides innovative financial instruments and solutions for placements in microfinance, bridging the gap between capital markets and microfinance institutions. It seeks to generate profitable returns on investments while supporting the development of millions of promising small enterprises. BlueOrchard believes in creating value through long-term relationships by providing debt and equity to microfinance institutions in all stages of their development. It regards cooperation with them as the primary means to provide financial services to those who have few resources, thereby supporting financial and social integration worldwide.
Greg Casagrande, Founder, SPBD Microfinance and MicroDreams
SPBD Microfinance is a privately held MFI network expanding throughout the South Pacific providing poor aspiring microentrepreneurs with a suite of microfinance products and services. MicroDreams is an MFI financing vehicle providing debt, loan guarantees and equity investments into greenfield and very small emerging MFIs around the world.
Co-operative Financial Services (CFS)
CFS is part of Co-operative Group, the world's largest consumer co-operative with over three million members. CFS currently has £39bn of assets under management across retail and corporate business, and is committed to being a leader in corporate responsibility. In 2007, the Bank agreed to commit $50 million to a new Microfinance Fund to invest in the senior tranches of MIVs. CFS remains the only UK financial services organization to have received the prestigious Queen’s Award for Sustainable Development.
J.P.Morgan
J.P.Morgan’s Social Sector Finance unit leverages J.P.Morgan's products and skills to help bring financial services to microfinance and social enterprises around the world. The unit’s efforts comprise capital markets, structured products and principal investments, and it seeks to achieve a double bottom line of social benefit and financial returns.
MEDA Investments Inc
MEDA Investments Inc aims to establish private investment as an effective solution to global poverty. The company’s investment focus includes Microfinance Banking and Venture Capital in various industries in developing countries. By investing its own pool of capital, and representing MEDA’s membership of 2,500 business owners/investors, MEDA Investments Inc is able to take early stage risk to develop new models of investing in the world’s poor. The company has acted as founder or co-founder of the LACIF, Sarona and MicroVest funds.
Minlam Asset Management
Minlam Asset Management LLC is an investment management firm providing sustainable financial solutions for institutions serving low-income communities, micro, small and medium enterprises in emerging markets. Minlam creates and manages financial products to address the increasing number of commercial opportunities in microfinance. Microfinance is the provision of diverse financial services to low-income entrepreneurs. Microfinance investments have a successful track record and represent an attractive investment opportunity with compelling social benefits for the four billion people that constitute the Base of the Economic Pyramid ("BOP").
Minlam's team of professionals combines macroeconomic expertise with fundamental investment analysis to deliver local currency capital to microfinance institutions around the world. Minlam utilizes a global strategy to provide microfinance institutions with innovative customized local currency funding. Minlam performs detailed investment analysis to identify strong, sustainable microfinance partners. Minlam builds lasting relationships with our partners to support their long-term success and growth.
Morgan Stanley
Morgan Stanley sees microfinance as an opportunity to apply the firm’s strengths to add commercial value in an emerging global business. It also sees it as a culturally positive effort, which reinforces its reputation as an innovator and responsible global citizen at a time when investors are paying attention to social as well as financial returns. And because of the high degree of interest in microfinance today, Morgan Stanley’s involvement helps the firm attract and retain the best financial talent.
Omidyar-Tufts Microfinance Fund
Omidyar-Tufts Microfinance Fund (OTMF) is an endowment gift from Pierre Omidyar, founder of eBay and co-founder of Omidyar Network with his wife, Pam; both are graduates of Tufts. OTMF is one of the largest institutional investors in the microfinance sector and it makes investments with the expectation of risk-appropriate financial returns.
Triple Jump
Triple Jump provides capital and advisory services to microfinance institutions in all three stages of their development (emerging, expanding and mature). Established in 2006 as a spin-off of Oxfam-Novib, today Triple Jump manages a wide range of funds offering local and hard currency loans as well as equity, while providing an interesting return to investors. A separate foundation under the TJ umbrella, Triple Jump Advisory Services offers technical assistance to MFIs on a cost-sharing basis.
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