Microfinance Investor Buys into LatAm

Microfinance Investor Buys into LatAm

Bonds Loans Funds

Microfinance-focused investor Bamboo Finance has acquired a $105m controlling stake in equity fund Accion Investments, and with that, stakes in Peru’s Mibanco, Banco Popular in Honduras, and Paraguay’s Banco Vision totaling nearly $60m. In the transaction, the investment firm took nearly 10% in Mibanco, and almost 30% in Banco Popular, as well as preferred convertible shares for an undisclosed amount in Banco Vision, says Xavier Pierluca, CIO at Bamboo Finance. The majority of Accion’s investmen

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