Portfolio Partner Profile
BlueOrchard Microfinance Fund
BlueOrchard (BlueOrchard Finance Ltd) is a leading global impact investment manager. The firm is dedicated to fostering inclusive and climate-smart growth, while providing attractive returns for investors. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments worldwide. Today, BlueOrchard provides investors around the world with premium investment solutions, including credit, private equity, and sustainable infrastructure, as well as debt and equity financing to institutions in emerging and frontier markets. Being an expert in innovative blended finance mandates, the firm is a trusted partner of leading global development finance institutions. As of December 2020, BlueOrchard has disbursed in excess of USD 8 billion to more than 562 institutions across 90 different emerging and frontier countries, whilst impacting the lives of over 215 million individuals with low incomes and contributing to 13 out of the 17 SDGs.
Featured Impact Story
A sweet specialty from Cali, Colombia
The manjar blanco is a sweet specialty from Cali, Colombia made from milk mixed with cane sugar that is heated and whipped meticulously at length in big pots. Rubiela and her husband have been producing the treat for 13 years, at first from her home kitchen by hand with the simplest means and today with machines they developed themselves. These machines allow them to regulate temperature and different mixing rhythms to achieve the highest quality possible. The couple is now selling their famous manjar blanco and other sweets made of milk and guava in various markets and stores throughout Cali, notably at bus stations. The Cali sweets are prized as gifts by visitors and residents alike. Rubiela Sanchez and her husband have been faithful clients of their MFI, which has supported them not only through loan capital but also with business advice and publicity.
“Our business would never have grown this much and had so much success without the support and advice we received from our loan officers. I am thankful for the opportunities they have opened to us,” says Rubiela.
Raising cattle in Ulan Bator
Dogsom is a widower of 42 years and he lives in the periphery of Ulan Bator with his mother Birvaa, who helps him in his work as a cattle raiser. He has three children who go to school in town. He previously worked as a veterinary for 18 years. Six years ago, he decided to raise cattle and started with six cows. In 2005, he took out his first loan of Mongolian Tugrik (MNT) 1,2 million (equivalent to USD 825) to buy more cattle. After he paid back his loan, he took out another one of MNT 2,7 million (about USD 1,856) to increase his herd further. Now, he owns 45 cows and he plans to further grow his breeding business by taking out another loan. The biggest part of his income comes from selling milk and cheese in the surroundings. He lives in an area of “datchas”, or holiday residences in the country side, where people retire during the summer season to get away from the heat and pollution of the city. He also delivers his dairy products to a holiday camp that was built in the proximity of his tent home.
The art of playing and constructing traditional drums
Katanga learned the art of playing and constructing traditional drums from his father. In his workshop, he builds drums, marimbas and other folklore instruments. His three children now help him in his work and his daughter Orica co-manages the Katanga foundation with him, which trains young musicians. To build his drums, he collects wood and cuts and molds it before covering it with skins. He also heads a musical group and promotes folkloric music. He received his first loan four years ago, worth approx. USD 1,700, which he has since repaid with interest. He presently holds a loan of the equivalent of USD 5,700. These credits allowed him to buy raw materials and utensils to build his instruments and to promote his enterprise.
“I’m delighted to promote the culture of my ancestors and to do so with the support of a grass roots financial institution. I would now like to show my work internationally,” says Katanga.