UMB Fund Services has been selected to provide fund accounting and administration services for the Kiva Refugee Investment Fund (KRIF).
As part of the deal, Kiva’s fund will utilise UMB Fund Services’ accounting and reporting platform AltPro.
According to Will Jacobsen, senior director of strategic investments at Kiva, Kiva Capital and KRIF represents a continuation of the firm’s mission to expand financial access to help underserved communities thrive.
KRIF will help scale efforts to provide loans to global refugee populations, impacted host populations and areas prone to forced migration.
Jill Calton, executive vice president, executive director of alternative investments at UMB Fund Services, said: "We are honoured to provide fund services for Kiva as it expands its groundbreaking work to provide institutional capital to refugees across the globe.”
"Our team looks forward to offering our unparalleled client service and technology solutions to assist with what we believe will be the success of the KRIF,” Calton added.
UMBFS is a subsidiary of UMB Financial Corporation, offering a complete line of products and services to the fund industry, including fund administration, fund accounting, tax, investor services and transfer agency, distribution and custody.
