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Posted on February 19, 2014

London, February 17, 2014 – Enclude Capital Advisory UK Ltd. announced today that it has successfully completed the divestiture of a 6% equity stake in ACLEDA Bank Plc. in Cambodia, on behalf of its clients, three separate funds managed by Triodos Investment Management (the “Sellers”). The stake has been sold to ORIX Corporation of Japan. ACLEDA Bank Plc. is the largest bank in the South East Asian region that finances micro-, small-, and medium-sized businesses.

Posted on January 06, 2014

Enclude just completed a women-focused pilot program in Uganda that resulted in increased monthly incomes from USD $38 to USD $48. The pilot was part of the World Bank’s “Consolidation of Peace through Empowering Socio-economic Associations” program to support thousands of people whose lives were devastated by the Lord’s Resistance Army conflict. Enclude, doing business as Triodos Facet, worked with 100 economic associations (representing about 2,600 direct beneficiaries most of whom were women) in the Gulu, Kitgum and Pader provinces in Northern Uganda.

Posted on November 27, 2013

Deploying a comprehensive financial service delivery infrastructure and technology platform to expand access to finance.

November 27, 2013—(Washington DC)     Enclude (formerly ShoreBank International Ltd. and Triodos Facet) announced today that it is providing advisory services through a public private partnership (PPP) between Kifiya Financial Technology (Kifiya) and the Netherlands Ministry of Foreign Affairs to support Kifiya,  an Ethiopian payment platform provider, to roll out financial and non-financial products and services to over six million people through an “Access to Rural Financial Based Services” project.

Kifiya is a financial service delivery service provider building agent infrastructure and an integrated mobile technology platform designed to simplify financial and non-financial transactions by enabling digital services in Ethiopia. Kifiya’s mission is to create an integrated, scalable service to enable financial inclusion by building sustainable technology infrastructure for financial services.

There is significant demand for these services: in a country with a population of 81 million, 45 million are of working age and 34 million are under the age of 14. However, it is estimated over 90% of the adult population does not have access to financial services, despite the presence of 18 private banks and over 30 microfinance institutions (MFIs). Kifiya is approaching the nascent mobile financial services industry with an innovative model focused on offering numerous affordable, relevant and accessible financial products and services. The company has taken a diversified approach with strategic partnerships and products.

Posted on November 11, 2013

London, November 11, 2013 – Enclude Capital Advisory announced today that it has successfully completed the divestiture of a significant minority stake in the Mongolia-based TenGer Financial Group (TFG), on behalf of its clients Triodos Investment Management and Bamboo Finance (the sellers). The stake has been sold to a consortium of investors led by ORIX Corporation of Japan, which also included the International Finance Corporation (IFC) and MAK, both existing shareholders in TFG.

TFG’s flagship subsidiary is Xac Bank – an established, fully regulated commercial bank focused on the SME and Microfinance segments, and the country’s fourth largest in terms of assets.

Posted on October 04, 2013

EXPANDED CAPABILITIES TO ACCELERATE INCLUSIVE, SUSTAINABLE GROWTH

(London, UK)— Triodos Facet (Zeist, NL) and ShoreBank International Ltd. (Washington, DC) joined forces to form an expanded international advisory firm and today announced its new name and brand identity. The firm, now called Enclude (pronounced “n-ˈklūd”), leverages the partner companies’ combined 50-year track record of entrepreneurship development and professional services delivery to financial institutions, funders, public and private sector organisations to build a more “enclusive” and prosperous global economy.

Posted on August 21, 2013

Examples of expanded capabilities: 

  • Creating an energy toolkit for financial institutions to use in assessing small business banking opportunities.
  • Improving the performance of entrepreneurs serving as agents when deploying a branchless banking system.