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A Global Private Equity Firm

• Microfinance pioneers

• Management team with track record

• Diversified portfolio by geography and stage

• Demonstrated returns; funds target 20% IRR

• Offices in Geneva, Luxembourg, Singapore, Bogota and Nairobi

$250M Private Equity

46 Investments

30 Countries

4 Regional Hubs

Bamboo Finance is a commercial private equity investor specializing in business models that benefit low-income communities in emerging markets.

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A $200 Million Financial Inclusion Private Equity Portfolio

Objective: Support Sector Growth Through Private Equity

Deliver Commercial Returns

Raise What Could Be Profitably Deployed

Deploy Multiple Strategies based on Geography

Financial Inclusion Fund I

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Financial Inclusion Fund Portfolio Today

Lebanon

Uganda

Kenya

Ghana

Mongolia

El Salvador

Zambia

South Africa

Bolivia

Argentina

Bamboo Financial Inclusion Fund I Portfolio Companies Offices

Guatemala

Panama

India

Peru

Ecuador

Nigeria

Honduras

Kyrgyzstan Romania

Jordan

Cameroon

Colombia

Singapore

Switzerland Albania

Poland

Russia

Mexico

Luxembourg

Philippines

Palestine Iraq

Nairobi

31 Investments Operating in 28 Countries

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Financial Inclusion Fund Financial Returns

An exit delivering a 23% IRR

2011

An exit delivering a 26% IRR and 2x Cash Multiple An exit delivering a 24% IRR and 2x Cash Multiple

2013

2014 - 2017

The forecasted growth (CAGR) of the book value for mature and transforming portfolio companies

in the Financial Inclusion Fund is 17% and 40% for start-ups and transforming stage companies

with several companies projected to IPO in the next three years .

Bamboo Finance Overview

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Financial Inclusion Fund Impact Returns

Ph

oto

Sa

rah

Dja

ri

• We developed an Impact Management System defining a comprehensive process to identify, measure, monitor and enhance impact in our investments.

• We developed and apply a proprietary social performance scorecard, ASPIRE.

• We engage with industry initiatives that promote best practices in the field of social performance, such as the UNPRI/PIIF, the SPTF the Smart Campaign and Micro Finance Transparency.

SYSTEMS & PROCESSES

MONITORING AND MEASUREMENT

BEST PRACTICES AND FIELD BUILDING

Financial Inclusion Portfolio Outreach*

*As of 9/30/12

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Lessons Learned

COUNTRY AND REGIONAL DIVERSIFICATION IS CRITICAL TO PORTFOLIO BUILDING STRATEGY

DEPENDENCE OF ECONOMY ON CONCENTRATED EXPORT SECTOR AND REMITTANCES IS A MAJOR RISK FACTOR

LESSONS LEARNED

SOME COUNTRIES HAVE UNDERDEVELOPED CAPACITY SOME COUNTRIES ARE CROWDED AND COMPETITIVE

EXCEPT IN NICHES

THE MICROFINANCE/MSME ACTIVITY PROVES TO BE COUNTERCYCLICAL

POLITICAL STABILITY AND INTERFERENCE WITH REGULATORY AUTHORITIES

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Lessons Learned: Asmitha

Increased Stability

Less Dependence

on International

Funding

Transparency Savings

Focus on the transformation of credit-only institutions into regulated organizations and full-fledged banks.

Bamboo became their first institutional investor in 2008

Asmitha started operations in Andhra Pradesh as a NBFC (non-deposit taking institution)

in 2002

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The Next $200M in Private Equity

We estimate the absorptive capacity of the market is $2B over the next fund cycle Global, multi-stage vs. country or niche sector focus Focus on deposit-taking transformation 20% to adjacent services

Objective: Accelerate financial inclusion through multi level, multi channel private equity investing

Financial Inclusion Fund II

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1

2

3

4

5

RAPIDLY GROWING MARKET

QUALITY LOAN PORTFOLIOS

LOW LEVELS OF LEVERAGE

INCREASING EXITS WITH A GROWING INTEREST FROM A VARIETY OF BUYERS

PROFITABLE AND SCALABLE

DIVERSIFICATION

The Next $200M in Private Equity

The Investment Case

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The Next $200 Million

Key Performance Indicators 2007 2009 2011 Yearly Average

2006-2011

Gross Loan Portfolio Growth 72%* 34%*

Debt/Equity Ratio 4.23* 4.12*

Portfolio > at risk 30 days 1.73%* 2.21%*

Return on Equity 18.8%* 18.8%*

Price/Book Value Multiple 1.2* 1.4*

21%*

4.21*

3.38%*

10.22%*

1.7*

31%

4.28

3.67%

16.42%

Not available

Performance Driven

* Annualized average growth for the 2 previous years. JPMorgan/CGAP, Global Microfinance Survey 2012

Bamboo Finance Overview

A Mixture of Mature and Growth Stage MFIs

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The Next $200 Million

Latin America

• Mature market with mature organizations

• Consolidation strategy through holding companies

•Domestic or cross border acquisitions led in cooperation with banks

• Regional expansion into new countries

Asia

• Strong Demand

• Rise of family owned banks and credit-only structures

•Consolidation strategy on base assets above $25M

•Enter into underserved markets in China and Myanmar

Africa

• An enhanced regulatory framework in some countries

• Demand is outpacing supply in most countries

•Supply is disorganized

•Creation of regional holding structures to maximize efficiencies

• Targeting organizations with assets above $30M

Global Diversification

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The Opportunity: Xac Bank Example

Loan Portfolio Growth Trajectory

Responsible lending contributed to low defaults

Historically strong profitability

• Xac Bank is part of the major Mongolian financial group TenGer Financial Group (TFG).

• Started as a nonprofit microfinance lender in 2001

• Has evolved into the fourth largest bank in Mongolia

• It is a fully regulated commercial bank, recognized for its transparency, governance and fair lending practices, with 500,000 customers in 21 provinces, 97 branches, and US$935 million in assets

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The Opportunity: Xac Bank Example

Bamboo sold its stake in Xac Bank in 2013 Returns above 25% and

2x multiple

Transaction demonstrates attractive financial returns can be combined

with positive social impact

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Access to Finance is Top 3 Driver of Growth in Low-Income Markets

Consumer Demand in Low-Income Markets is Growing.

There is a $400B Small and Medium Enterprise Funding Gap.

Financial Access Investments Doubled in 2011 with attractive Valuations; Demand is Outpacing Supply.

Economic Drivers

The Opportunity in Financial Inclusion