Accion Quona Inclusion Fund (IFC-42191)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 27, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
QUONA CAPITAL MANAGEMENT LTD
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 21, 2020

Disclosed by Bank May 20, 2019


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Can you contribute information about this project?
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Project Description

The project entails an equity commitment of up to US$12 million in Accion Quona Inclusion Fund (the Fund) a private equity fund that seeks to make equity or equity-equivalent investments in early- and growth-stage companies that develop or provide products, services or technology to expand financial inclusion in Africa, Asia, and Latin America.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

Quona Capital Management, Ltd.
Jonathan Whittle, Monica Brand Engel
Partner
+ 1202.706.5886
investor.relations@quona.com
1105 15th Street NW, Suite 400 Washington, DC USA 2005
https://quona.com/

 

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