Invest in Visions’ IIV Mikrofinanzfonds Lends $2 Million to ACME for Microfinance in Haiti

Date: 
16 May 2019
Source: 
MicroCapital

Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of $2 million to Association pour la Coopération avec la Micro Entreprise (ACME) from its microfinance investment vehicle, IIV Mikrofinanzfonds, which lends to financial institutions in developing countries. This is the second time since 2017 that IIV has provided debt funding to the Haiti-based NGO.

Launched in 1997 in Port-au-Prince, ACME provides microloans to individuals in the “medium and lower part of the informal sector.” As of 2016, the most recent available data, ACME had total assets of $23.4 million, a loan portfolio of $17.4 million and 30 branches serving 30,500 clients. ACME does not accept deposits.

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Type: 
General
Country: 
Haiti