responsAbility Exits MiBanco (Latin America)
Source(s): responsAbility Investments
Impact investment fund manager responsAbility Investments has fully exited its indirect equity investment in Peru-based microfinance bank MiBanco to majority shareholder Credicorp. Three responsAbility-managed investment vehicles owned an entity formed to invest in microfinance institutions; in turn, this entity owned a minority stake in MiBanco. Financial details of the transaction were not disclosed.