INVESTMENT FUNDS AND RELATED SERVICES

Increasing Access to MSME Finance
Ethiopia

AYANI designed a Challenge Fund with a view to increasing the access to finance to MSMEs in Ethiopia. Services provided included assessment of demand and supply for MSME finance, legal and regulatory issues, and elaborating on the fund design. The proposed Fund is composed of a finance and a technical assistance component (KfW, 2010).

Outgrower Value Chain Fund (OVCF)
Ghana

AYANI drafted the fund procedures manual, loan agreements and reporting formats. OVCF’s objective was to stimulate small holder production in main value chains in Ghana by increasing their access to finance (KfW, 2008).

Launching of the Inclusive Financial Sector (LIFS)
Liberia

AYANI represented a major donor in the Launching of the Inclusive Financial Sector (LIFS) project at the investment committee level, which includes oversight to the microfinance unit set-up within the central bank and policy advice on other microfinance matters (Donor, 2009).

Medical Credit Fund (MCF)
multi-country Africa

Design concept for a Medical Credit Fund to finance and strengthen private health care service providers (PharmAccess, 2009).

Mergers and Acquisitions
multi-country Africa

One of AYANI’s Directors conducted due diligence and valued MFIs in Kenya, Rwanda, Tanzania and Uganda, and negotiated, documented and completed their acquisition or merger (Opportunity International, pre-firm incorporation).

Management Social Microfinance Fund (SMF)
multi-country Africa and Asia

AYANI was the interim fund manager of a US$10 million microfinance triple bottom-line technical assistance fund during its formation period until the registration of the managing foundation was completed. The fund seeks to enable emerging microfinance service providers seeking to push the frontiers of finance through reaching poor and hard to access market segments. The SMF covers 8 countries in Africa and 5 in Asia (Promoters, 2009 – 2010).

Renewable Energy Access Fund
multi-country Asia

Assistance in the design of a fund and the Private Placement Memorandum drafting of an US$120 million Asian Energy Access Fund increasing finance to renewable energy developers, operators of mini-grids, and energy access SMEs. In-country market research was undertaken in Indonesia, Philippines and Thailand (Global Venture Partners, 2009).

MicroLead
multi-country Africa and Asia

AYANI conducted credit analysis for a US$27 million global fund which seeks to dramatically increase the offering of saving services to low income markets. The review covered applications from financial institutions in Bhutan, Cambodia, East Timor, Haiti, Laos, Liberia, Nepal, Senegal, Sierra Leone, Sudan and Tanzania (UNCDF, 2009).

Sale of Microfinance Institutions
multi-country Eastern Europe

One of AYANI’s Directors conducted, negotiated, documented and completed the sale of three MFIs in Albania, Poland and Russia to two investment funds (Opportunity International, 2009-10).

Salone Access to Finance Everywhere (SAFE)
Sierra Leone

AYANI is managing phase II of a major access to finance challenge fund in Sierra Leone, together with its partners Genesis Analytics and Alitheia Capital. The Challenge Fund provides both finance and technical assistance and seeks to increase the access to rural finance in particular (KfW / UNCDF / UNDP / Cordaid, 2010 – 2015).

Increasing Access to Finance and Rural Finance
Sierra Leone

AYANI designed phase II of a US$15 million access to finance facility, recommending a focus on rural areas and innovation in the agricultural financial product offerings (KfW, 2009).

Zimbabwe Microfinance Wholesale Fund (ZMWF)
Zimbabwe

AYANI is assisting founding donors of a US$1,9 million wholesale fund for Microfinance Institutions (MFIs) in Zimbabwe with monitoring services. It monitors progress made by the Zimbabwe Association of Microfinance Institutions (ZAMFI) against its workplan as it relates to the set-up of the new wholesale finance fund (HIVOS, 2011).