Vitas Group’s shareholders are currently Global Communities, a US-based international non-governmental organization and Bamboo Financial Inclusion Fund, the private equity investment fund of Bamboo Finance, a leading commercial microfinance investment manager.
Global Communities was established in 1952 and today serves more than 20 million people each year in areas ranging from economic development to health to infrastructure development to emergency response, empowering them to improve their lives and livelihoods for a better future. Global Communities has been an innovator in financial inclusion since its pioneering work in housing microfinance in the 1970’s and it continues to lead the field in furthering financial inclusion in some of the world’s most challenging environments. www.globalcommunities.org
Bamboo Financial Inclusion Fund
Launched in 2007, Bamboo Financial Inclusion Fund manages USD 195M in total commitments from institutional and individual investors, and invests in a range of microfinance institutions and funds worldwide. The Fund acquires minority stakes in the capital of its investees, while contributing to their development by sharing international experience, information, networks, knowledge, and by playing an active governance role at a board level. The Fund uses a market-oriented approach to deliver social and environmental value, in addition to financial returns to investors. The Fund is managed by Bamboo Finance through offices in Luxembourg, Geneva, Kenya, Bogota, San Francisco and Singapore. www.bamboofinance.com
When asked “Why Vitas, as a partner?”, Bamboo Finance told us this: