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Investments

1

Partners & Customers

1

About WWB Isis Fund

WWB Isis Fund ("Isis" or the "Fund") is a new Microfinance Investment Vehicle established by Women's World Banking. The Fund will predominantly make Equity investments into MFIs who are members of the Women's World Banking (WWB) network in developing countries around the world. Isis will promote mission-focused growth based on core competencies and increasing product offering to clients, leveraging in–house expertise and best practices learned from the WWB network. The WWB network consists of 39 microfinance providers in 27 countries. These MFIs have USD 7 billion in outstanding loan portfolio and USD 3.5 billion in deposits of which 80% of the clients served are women. Women's World Banking is the global nonprofit devoted to giving more low-income women access to the financial tools and resources they require to build security and prosperity. For more than 35 years we have worked with financial institutions to show them the benefit of investing in women as customers, and as leaders. We continue to equip these institutions with in-depth market research, with sustainable financial products and consumer education to meet women's needs.

WWB Isis Fund Headquarter Location

8 West 40th Street 9th Floor

New York, New York, 10018,

United States

212-768-8513

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Latest WWB Isis Fund News

Ananya Finance raises under $3M from WWB ISIS Fund and IDBI Bank

Nov 5, 2013

BY  Bruhadeeswaran R WWB ISIS Fund previously invested in Ujjivan Financial Services, a.Bangalore-based MFI. Ahmedabad-based Ananya Finance for Inclusive Growth Pvt Ltd, an institutional lender to microfinance institutions (MFIs), has raised Rs 18 crore (just under $3 million) in Series A funding from WWB ISIS Fund (ISIS) and IDBI Bank. This includes Rs 9 crore of Compulsorily Convertible Preference Shares (CCPS) from ISIS and Rs 9 crore of Optionally Convertible Preference Shares (OCPS) from IDBI Bank. VCCircle first reported about Ananya’s impending fund raising plans in June. Ananya is an NBFC promoted by IFIG, a special purpose vehicle floated by Friends of Women's World Banking (FWWB), an apex body providing support to MFIs. Ananya has inherited the FWWB’s wholesale lending programme that goes way back to the 90s. Ananya lends to microfinance institutions which provide loans to low income communities and serves as a link for women with banking institutions and agencies providing managerial and technical support. It also extends its support to organisations working on livelihood creation activities. Ananya has to date provided assistance of Rs 506 crore to over 130 organisations across 17 Indian states. The funding would help Ananya to increase its capital adequacy and garner more funding from banks and financial institutions besides aiding smaller MFIs and social businesses to get more funding from itself. ISIS is a microfinance investment vehicle established by Women’s World Banking to make equity investments in MFIs which are its network members. The network consists of 39 microfinance providers in 27 countries. In the past, it has invested in Bangalore-based MFI, Ujjivan Financial Services. Another investor, IDBI’s relationship with Ananya goes back to its parent organisation, FWWB, for which it was the first lender way back in the 90s, post which FWWB grew to become an apex body for supporting growing MFIs. Vijayalakshmi Das, managing director and promoter director, Ananya, said, “With the increased equity base, we will be able to raise more debt and eventually have many fold impact on the bottom-of-the pyramid sector.” Unitus Capital was the exclusive advisor to Ananya for this transaction. Abhijit Ray, co-founder and managing director of Unitus Capital, said, “The impact created by Ananya over the years has been phenomenal and is a testament to the vision of the founder Ela Ben. This funding to Ananya will go a long way in increasing the flow of funds to the industry and making much larger impact in the near future.” Karel Nierop, investment officer, Triodos Investment Management (co-investment manager of ISIS), said, “This investment by ISIS will enable Ananya to continue its sustainable growth and expand product and service offerings to its clients.”  (Edited by Joby Puthuparampil Johnson) IDBI Bank Ltd. IDBI Bank Ltd. is engaged in providing commercial banking services. It offers deposit accounts, such as savings, current, fixed and pension accounts, various loans, including home, education, personal, travel, auto and reverse mortgage loans, institutional banking and NRI services and provides tax, stamp duty and online payments. The firm also offers various corporate banking services, such as project finance, infrastructure finance, syndication, underwriting, and advisory services, carbon credits business, working capital, cash management services, trade finance and rehabilitation finance. IDBI Bank Ltd. was founded in 1964 and is based in Mumbai, Maharashtra. Head office:

WWB Isis Fund Investments

1 Investments

WWB Isis Fund has made 1 investments. Their latest investment was in Ananya Finance For Inclusive Growth as part of their Series A on November 11, 2013.

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WWB Isis Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/5/2013

Series A

Ananya Finance For Inclusive Growth

$3M

Yes

1

Date

11/5/2013

Round

Series A

Company

Ananya Finance For Inclusive Growth

Amount

$3M

New?

Yes

Co-Investors

Sources

1

WWB Isis Fund Partners & Customers

1 Partners and customers

WWB Isis Fund has 1 strategic partners and customers. WWB Isis Fund recently partnered with Diamond Bank on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

Nigeria

Press highlights: Women's World Banking partnership with Diamond Bank, Nigeria

Home '' News & Media '' News '' Press highlights : Women 's World Banking partnership with Diamond Bank , Nigeria .

1

Date

Type

Partner

Business Partner

Country

Nigeria

News Snippet

Press highlights: Women's World Banking partnership with Diamond Bank, Nigeria

Home '' News & Media '' News '' Press highlights : Women 's World Banking partnership with Diamond Bank , Nigeria .

Sources

1

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