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Microfinance Investor BlueOrchard opens its Asian office in Cambodia
Monday, August 23, 2010, 12:11
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Add a comment ShareMicrofinance Focus, Aug 23, 2010: Geneva based commercial microfinance investor BlueOrchard Finance has recently opened its Asian office in Phnom Penh, Cambodia for strengthening and expanding its presence across the continent.
In Cambodia, BlueOrchard Finance has been actively lending to microfinance institutions since 2001 and has a current investment portfolio of 36 million USD. Across South and South-East Asia, BlueOrchard Finance manages a total of 115 million USD. Worldwide, BlueOrchard manages over 1 billion USD through its existing network in Geneva, New York, Lima, Amsterdam and Bishkek.
BlueOrchard Finance, with its ten-year track record, invests in microfinance institutions that target low income communities. It has proven in a decade that social and economic investment can create solid returns for investors while at the same time transforming the lives of millions of disadvantaged people.
Geert Roosen, CFO, BlueOrchard Finance said from Phnom Penh: “BlueOrchard Finance pioneered debt investing in microfinance for the fund management industry in 2001 and we are today witnessing another milestone which will allow us to strengthen our presence and drive our expansion in Asia. Being present in this rapidly evolving market is a must to serve our global investors and local investments.”
Commenting on BlueOrchard Finance’s expansion strategy in Asia, Melchior de Muralt, Vice Chairman of BlueOrchard Finance’s Board of Directors and driving force behind its Asian expansion strategy commented from the Cambodian capital: “Further Asian projects will be launched in the coming months as we see great opportunities both on the fundraising and on the placement side. Indeed, double bottom line investing might well become part of the Asian investors’ mindset as increased interest of Asian second generation family offices, foundations and institutional investors show. On the investment side future projects in China and India are being investigated together with respective local partners.”
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Microfinance Investor BlueOrchard opens its Asian office
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