REALIZED INVESTMENT
ShoreCap International
Hyderabad, India - Bhartiya Samruddhi Finance Limited (BSFL)
REALIZED INVESTMENT
ShoreCap International
Minsk, Belarus - Belarusian Bank for Small Businesses
REALIZED INVESTMENT
ShoreCap International
Dhaka, Bangladesh - BRAC Bank
REALIZED INVESTMENT
ShoreCap International
Kabul, Afghanistan - BRAC Bank Afghanistan
REALIZED INVESTMENT
ShoreCap International
Kigali, Rwanda - Compagnie Générale de Banque SA (Cogebanque)
REALIZED INVESTMENT
ShoreCap International
Kampala, Uganda - Commercial Microfinance Ltd
REALIZED INVESTMENT
ShoreCap International
Khujand, Tajikistan - Eskhata Bank OJSC
REALIZED INVESTMENT
ShoreCap International
Yerevan, Armenia - Ineco Bank
REALIZED INVESTMENT
ShoreCap International
Lahore, Pakistan - Kashf Microfinance Bank
REALIZED INVESTMENT
ShoreCap International
Nairobi, Kenya - K-Rep Bank
REALIZED INVESTMENT
ShoreCap International
Lagos, Nigeria - MIC Microfinance Bank
REALIZED INVESTMENT
ShoreCap International
Manila, Philippines - Planters Development Bank
REALIZED INVESTMENT
ShoreCap International
Banjul, The Gambia - Reliance Microfinance Ltd.
REALIZED INVESTMENT
ShoreCap International
Phnom Penh, Cambodia - Sathapana Limited
REALIZED INVESTMENT
ShoreCap International
Ulanbatar, Mongolia - Xac Bank LLC
REALIZED INVESTMENT
ShoreCap II Limited
Benin, Burkina Faso, Cote d’Ivoire, Mali, Niger, Senegal and Togo – Bank Atlantique

FBC HOLDINGS LIMITED

ShoreCap II Limited, through its Fund Manager, Equator, has acquired an equity interest in FBC Holdings Limited (FBCH), a diversified financial services group with interests in commercial banking, stock brokering, mortgage and reinsurance services based in Harare, Zimbabwe.

FBCH is the investment holding company of the FBC Group. FBCH is listed on the Zimbabwe Stock Exchange and represents diverse financial institutions that span a Commercial Bank, Microfinance Subsidiary, Building Society, Reinsurance Company and a Stockbroking unit.  All of SC II's investment proceeds were directed to Microplan, the microfinance subsidiary, for the purposes of increasing their service to micro, small and medium enterprises.  Microplan is now able to offer more and larger loans, provide business education to its borrowers, and offer the appropriate insurance products for SMEs to grow and protect their businesses.

http://www.fbc.co.zw/

KHUSHHALI BANK LIMITED

Founded in the year 2000, Khushhali Bank Limited is headquartered in Islamabad, Pakistan. The Bank’s mission as a commercial based microfinance institution is to strengthen the economic base of low-Income populace across Pakistan by improving their accessibility to financial services. Equator’s investment on behalf of ShoreCap II in 2012 was undertaken to restructure the ownership of the bank and to provide capital for future growth. Co-investors alongside ShoreCap II include Triple Jump, Incofin and ResponsAbility, in addition to United Bank Limited, Pakistan’s third largest commercial bank.

http://www.khushhalibank.com.pk/

MADISON FINANCE COMPANY LIMITED ('MFINANCE')

MFinance is a licensed NBFI that serves Micro and SME customers. MFinance was established in 2010 with the merger of Capital Solutions Limited (a microfinance company) and Madison Premier Finance Limited (SME & Leasing finance company), both of which were majority owned by MFSL, Zambia’s premier insurance and financial services group. In 2012, ShoreCap II invested equity and quasi-equity investment in MFinance, a Bank of Zambia registered Non-Bank Finance Institution. Our primary interest was to provide growth capital to strengthen MFinance's capital base as it expands its enterprise lending activities (micro and small business) in underserved areas in Zambia and also provide the company with the like-minded investment partner it sought.

http://www.mfinance.co.zm/

REALIZED INVESTMENT
ShoreCap II Limited
New Delhi, India – Satin Creditcare Network Limited

TURAN BANK

Founded in 1992, just after Azerbaijan’s independence from the Soviet Union, Turan Bank established its reputation with a focus on corporate lending.  In 2008 Turan Bank began to shift toward a more universal banking model by significantly increasing its services and products to SMEs and other unbanked segments of the Azerbaijani economy.  An increase in the minimum equity requirement of the Central Bank of Azerbaijan presented the catalyst for SC II’s equity investment in Turan Bank, which was completed in 2013.  Turan Bank is using its increased capital to continue to build its SME and micro-lending division, increase its range of services to individuals, and open branches in rural areas.

http://www.turanbank.az/en/

UB FINANCE COMPANY

UB Finance, formerly known as The Finance & Guarantee Company Limited (FGCL), is based in Sri Lanka. ShoreCap II’s equity investment was completed in 2012 and is being used to expand UB Finance’s lending to small businesses, primarily through leasing and hire purchase activities. FGCL was formed in 1961 as a regulated finance company. FGCL has a long history and excellent reputation for delivering quality products and services at competitive prices.

http://www.ubfinance.lk/

FORTIS MICROFINANCE BANK PLC

In 2012, Fortis Microfinance Bank Plc. became the first private sector-led microfinance bank listed on the Nigerian Stock Exchange. A leading Nigerian financial institution headquartered in Abuja, Fortis provides access and financial empowerment to those at the base of Nigeria's economic pyramid, a portion of the population representing over 80% of Nigeria's citizens. ShoreCap II's investment soon after Fortis was granted a National Microfinance Bank License brings great opportunity for growth, and the means to reach out to many more under-served communities across the country.

http://www.fortismfb.com/

Jamii Bora Bank Ltd

Jamii Bora Bank Ltd. (JBBL) was initially founded by 50 unbanked families on the streets of Nairobi, though the modern-day JBBL is the result of a 2010 business combination between City Finance Bank and Jamii Bora Kenya Limited.  Today, JBBL is one of Kenya’s fastest growing banks.  Funds from ShoreCap II’s 2016 investment will be used to expand JBBL’s support of Kenya’s vibrant SME sector.   JBBL leverages technology to improve services to its customers and continues to develop new financial products to serve its customers’ needs.  JBBL’s goal is to grow into one of Kenya’s middle tier banks and eventually to become a Pan-African micro financier.

http://jamiiborabank.co.ke/

Chaitanya Rural Intermediation Development Services Pvt. Ltd. (CRIDS)

Chaitanya Rural Intermediation Development Services Pvt. Ltd. was founded in 2009 by two former university classmates who desired to bring opportunity to India’s rural poor by providing access to financial services. Since its inception, the Company has creatively and responsibly built itself, and stands ready to reach its next goals. With the investment of ShoreCap II, CRIDS will be able to increase product offerings and expand geographically.

http://www.chaitanyaindia.in/index.php

Click on country to see more information

REALIZED INVESTMENTS
ACTIVE INVESTMENTS

Active Investments – ShoreCap International

All investments for ShoreCap International have been realized and the fund has been closed. 

    No items found.

Active Investments – ShoreCap II

  • BANQUE ATLANTIQUE

    In 2013, Equator invested ShoreCap II equity capital in Banque Atlantique, a regional banking group, through Atlantic Financial Group (AFG). Banque Atlantique, which owns subsidiaries created over the past two decades has banking operations in seven countries (Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal and Togo). This network, along with the professional management team in place and new capital provides an opportunity to deliver small business banking services at scale across the francophone West Africa region.

    http://www.banqueatlantique.net/

  • FBC HOLDINGS LIMITED

    ShoreCap II Limited, through its Fund Manager, Equator, has acquired an equity interest in FBC Holdings Limited (FBCH), a diversified financial services group with interests in commercial banking, stock brokering, mortgage and reinsurance services based in Harare, Zimbabwe.

    FBCH is the investment holding company of the FBC Group. FBCH is listed on the Zimbabwe Stock Exchange and represents diverse financial institutions that span a Commercial Bank, Microfinance Subsidiary, Building Society, Reinsurance Company and a Stockbroking unit.  All of SC II's investment proceeds were directed to Microplan, the microfinance subsidiary, for the purposes of increasing their service to micro, small and medium enterprises.  Microplan is now able to offer more and larger loans, provide business education to its borrowers, and offer the appropriate insurance products for SMEs to grow and protect their businesses.

    http://www.fbc.co.zw/

  • FORTIS MICROFINANCE PLC

    In 2012, Fortis Microfinance Bank Plc. became the first private sector-led microfinance bank listed on the Nigerian Stock Exchange. A leading Nigerian financial institution headquartered in Abuja, Fortis provides access and financial empowerment to those at the base of Nigeria's economic pyramid, a portion of the population representing over 80% of Nigeria's citizens. ShoreCap II's investment soon after Fortis was granted a National Microfinance Bank License brings great opportunity for growth, and the means to reach out to many more under-served communities across the country.

    http://www.fortismfb.com/

  • Jamii Bora Bank Ltd

    Jamii Bora Bank Ltd. (JBBL) was initially founded by 50 unbanked families on the streets of Nairobi, though the modern-day JBBL is the result of a 2010 business combination between City Finance Bank and Jamii Bora Kenya Limited.  Today, JBBL is one of Kenya’s fastest growing banks.  Funds from ShoreCap II’s 2016 investment will be used to expand JBBL’s support of Kenya’s vibrant SME sector.   JBBL leverages technology to improve services to its customers and continues to develop new financial products to serve its customers’ needs.  JBBL’s goal is to grow into one of Kenya’s middle tier banks and eventually to become a Pan-African micro financier.

    http://jamiiborabank.co.ke/

  • KHUSHHALI BANK LIMITED

    Founded in the year 2000, Khushhali Bank Limited is headquartered in Islamabad, Pakistan. The Bank’s mission as a commercial based microfinance institution is to strengthen the economic base of low-Income populace across Pakistan by improving their accessibility to financial services. Equator’s investment on behalf of ShoreCap II in 2012 was undertaken to restructure the ownership of the bank and to provide capital for future growth. Co-investors alongside ShoreCap II include Triple Jump, Incofin and ResponsAbility, in addition to United Bank Limited, Pakistan’s third largest commercial bank.

    http://www.khushhalibank.com.pk/

  • MADISON FINANCE COMPANY LIMITED ("MFINANCEā€¯)

    MFinance is a licensed NBFI that serves Micro and SME customers. MFinance was established in 2010 with the merger of Capital Solutions Limited (a microfinance company) and Madison Premier Finance Limited (SME & Leasing finance company), both of which were majority owned by MFSL, Zambia’s premier insurance and financial services group. In 2012, ShoreCap II invested equity and quasi-equity investment in MFinance, a Bank of Zambia registered Non-Bank Finance Institution. Our primary interest was to provide growth capital to strengthen MFinance's capital base as it expands its enterprise lending activities (micro and small business) in underserved areas in Zambia and also provide the company with the like-minded investment partner it sought.

    http://www.mfinance.co.zm/

  • SATIN CREDITCARE NETWORK LIMITED

    Satin was formed in 1990 as a Non-Bank Finance Company (NBFC) with the simple concept of providing individual loans to urban shopkeepers to purchase generators for their businesses. Since that time, the company has expanded and evolved into one of the leading microfinance institutions in North India. Equator invested ShoreCap II’s growth capital in Satin in 2010 as the institution looked to scale up its microfinance operations.

    http://www.satincreditcare.com/index.php

  • TURAN BANK

    Founded in 1992, just after Azerbaijan’s independence from the Soviet Union, Turan Bank established its reputation with a focus on corporate lending.  In 2008 Turan Bank began to shift toward a more universal banking model by significantly increasing its services and products to SMEs and other unbanked segments of the Azerbaijani economy.  An increase in the minimum equity requirement of the Central Bank of Azerbaijan presented the catalyst for SC II’s equity investment in Turan Bank, which was completed in 2013.  Turan Bank is using its increased capital to continue to build its SME and micro-lending division, increase its range of services to individuals, and open branches in rural areas.

    http://www.turanbank.az/

  • UB FINANCE COMPANY

    UB Finance, formerly known as The Finance & Guarantee Company Limited (FGCL), is based in Sri Lanka. ShoreCap II’s equity investment was completed in 2012 and is being used to expand UB Finance’s lending to small businesses, primarily through leasing and hire purchase activities. FGCL was formed in 1961 as a regulated finance company. FGCL has a long history and excellent reputation for delivering quality products and services at competitive prices.

    http://www.ubfinance.lk/

      Prior Investments

      ShoreCap Internationals' prior portfolio companies include the following holdings:

      • Institution

        Country

      • Belarusian Bank for Small Businesses

        Belarus

      • Bhartiya Samruddhi Finance Limited (BSFL)

        India

      • BRAC Bank

        Bangladesh

      • BRAC Bank Afghanistan

        Afghanistan

      • Compagnie Générale de Banque SA (Cogebanque)

        Rwanda

      • Commercial Microfinance Ltd

        Uganda

      • Eskhata Bank OJSC

        Tajikistan

      • Ineco Bank

        Armenia

      • Kashf Microfinance Bank

        Pakistan

      • K-Rep Bank

        Kenya

      • MIC Microfinance Bank

        Nigeria

      • Planters Development Bank

        Philippines

      • Reliance Microfinance Ltd

        The Gambia

      • Sathapana Limited

        Cambodia

      • Xac Bank LLC

        Mongolia