United States based Venture

Deals D000265
Description Company (Envest LLC) raises funds from investors in the US and lends to microfinance institutions (MFIs) in developing countries. The MFIs will use the funds to provide loans to low-income borrowers who have little or no access to credit. Envest operates on the spread between the interest paid by MFI partners and the distribution to investors. Envest targets an annual distribution of 6%.
Country Of origin United States
Funding Sector Impact Investment
Colloboration Type Lead investor / manager