Kiva Capital Management closes refugee investment fund at $32.5m

Kiva Capital Management, the impact-first fund management subsidiary of nonprofit microlending platform Kiva.org, has announced the final close of the $32.5 million Kiva Refugee Investment Fund (KRIF).

The KRIF will invest in microfinance organisations in 13 countries in the Middle East, Africa and Latin America, expanding access to financing, financial literacy training and business development to refugees and internally displaced people.  

KRIF is backed among others by the Soros Economic Development Fund, ImpactAssets, Ceniarth, Tiedemann Advisors and The Shapiro Family Foundation. The US Development Finance Corporation, and Mercy Investment Services also provided “significant financing” to the fund.