AIP raises SME impact fund

AIP raises SME impact fund

Capital Markets Debt Corporate & Sovereign Strategy Equity Funds Loans Colombia

Andes Impact Partners (AIP) wants to raise up to $50 million for a new fund to provide financing for small and medium-sized enterprises (SMEs) that do business in low-income communities in Colombia and Peru. AIP, a spinoff of Washington DC-based non-profit Grassroots Business Fund (GBF), has put $20 million in the new fund, called Andes Plus Fund I, with money from Dutch Good Growth Fund (DGGF) and two family offices in Europe, Blink and Ceniarth, according to AIP and a press release from invest

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