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RG-M1296 : The Acumen Capital Markets Latin America Fund

Project Status: Implementation

The project will help create an impact-led investment fund that will finance businesses serving poor and low-income markets. The primary sector focus will be on Education, Housing and Agriculture, as well as additional involvement in other sectors including Health, Water & Sanitation and Enabling Services. The geographic focus will be Colombia and Peru as well as Central America. Through its investments, the Fund aims to impact at least 200, 000 lives and achieve gross financial returns of 11.5%. The Fund will be managed by Acumen, a pioneer and leader in the field of impact investing with over 10 years of experience investing in companies that provide goods and services to customers at the base of the economic pyramid.

Project Detail

Project Number
RG-M1296
Approval date
December 01, 2015
Project Country
Regional
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
SMALL AND MEDIUM ENTERPRISE
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-15370-RG

Financial Information

Project Number
RG-M1296
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Jul/20/2018

Project Information

Total Cost
USD 20,000,000
Country counterpart financing
USD 17,000,000
Amount
USD 3,000,000

Approved

Title
Type
Project Number
Date Published
TC Document
RG-M1296
December 05, 2018
TC Document
RG-M1296
November 29, 2018