BlueOrchard's Annual Review
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BlueOrchard's Annual Review 2009
Accomplishments in 2009
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BlueOrchard Finance won two important mandates: it was chosen as one of the fund managers of the “Microfinance Enhancement Fund” launched by IFC and KfW; it also won the mandate for the fund management of the “Microfinance Growth Fund for Latin America” launched by IDB and other Public and Private Investors at the initiative of the US Presidency.
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The BlueOrchard Investments’ Private Equity Fund grew to USD 150 million in 2009 and significant value was added to the existing portfolio by providing strategic advice and through active involvement as board members.
- The slowdown of the microfinance industry has been significant partly due to the magnitude of the world economic crisis – Nonetheless, BlueOrchard’s partner microfinance institutions (MFIs) showed an average total asset growth of 21% in 2009; BlueOrchard’s assets under management grew by 22%.
- The performance of the microfinance investment vehicles managed by BlueOrchard performed in line with their respective benchmarks.
- On the Social Performance side, BlueOrchard has appointed a dedicated Social Performance analyst, pilot-tested an in-depth due diligence tool to more systematically assess and monitor the social performance of MFIs and published its first Social Performance report.
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At the end of 2009 BlueOrchard was invested in 39 countries and is working to expand its coverage to greater geographical diversification through the establishment of loan products in local currency.
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2009 saw many new initiatives regarding BlueOrchard Finance’s geographical presence: preparations were finalized for a local presence in Central Asia (Kyrgyzstan) and planning was initiated for the opening of a satelliteoffice in South-East Asia.
Read the Annual Review 2009 in English >
Lea la Revision anual 2009 en español >