In Q3 2021, Mikro Kapital’s two securitization funds Mikro Fund and Alternative
recorded significant NAV growth
In the face of persistent uncertainty at a global macroeconomic level, Mikro Kapital, a company specializing in impact finance and microfinance and operating in 14 countries under the leadership of its President Vincenzo Trani, closed the third quarter of 2021 with € 1.018 billion in total assets. This significant result is due to the results of Mikro Kapital’s two securitization funds, Mikro Fund and Alternative, which recorded an assets increase of respectively 7.04% and 5.77% in the course of the quarter, respectively reaching 851.4 and 167.3 million euros.
These two Luxembourg based securitization funds also recorded a growth of 2.77% and 14.24% in their respective NAVs, with concomitant positive results also in relation to the PAR30 + metric, which certifies the quality of Mikro Kapital’s SMEs selection process. In the third quarter of 2021, it was equal to 2.3% both for Mikro Fund (down by 1.6% compared to the previous quarter) and for Alternatives (unchanged compared to Q2 2021).
The company recorded a 19% increase in its loan portfolio in the third quarter of 2021 compared to the third quarter of 2020. In general, from January to September, the Micro Finance Institutions in Mikro Kapital’s portfolio recorded an over-performance both in terms of overall loans and profitability.
These achievements were made possible by a strong diversification in Mikro Kapital’s loan portfolios, in terms of amounts, countries and types of activity but also by our vast referent target, composed of resilient and high adaptable Micro and Small businesses.
Vincenzo Trani, President of Mikro Kapital, stated: “The numbers that Mikro Kapital recorded in the third quarter of 2021 are further confirmation of the resilience of microfinance as an asset class and of its other peculiar characteristics, such as decorrelation and the reduced exposure to volatility that often characterizes international markets. Not only that, microcredit is able to combine the ability to generate constantly positive returns with economic and social objectives, an element of crucial importance in a context in which attention is increasingly focused on the concrete impacts of the various financial activities.
Press contact:
Voxia communication
Bruno Moreno
022 591 22 81
Mikro Kapital
Founded in 2008, Mikro Kapital Management S.A. is focused on impact finance and microfinance. Mikro Kapital operates through two Special Purpose Vehicles (SPV): Mikro Fund and Alternative. Both Luxembourg securitization funds invest in their portfolio of Micro Finance Institutions, which provide loans to small and micro businesses in Russia, Belarus and emerging countries along the Silk Road. Mikro Fund and Alternatives raise financial resources from European Institutional and Private Investors through the issuance of short and medium-term debt securities. (Total assets 838 million euros at 31.12.2020). Mikro Kapital is part of the European Microfinance Network (EMN) and benefits from partnerships with the European Bank for Reconstruction and Development (EBRD), Luxflag, the Italian National Microcredit Institute (ENM), as well as collaborations with major international investors such as the European Investment Fund.