Overview:
The responsAbility Mikrofinanz-Fonds is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
The responsAbility Mikrofinanz-Fonds invests in microfinance institutions (MFIs) through debt securities and equity investments. The fund was created in 2007 by responsAbility, and is financed by Bank im Bistum Essen, a German cooperative financial institution, and Stadtsparkasse Düsseldorf, a German bank.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/responsability-mikrofinanz-fonds
Organization’s Website:
http://www.csam-europe.com/eu/fund_information/fund_list.asp?f_fc=70&f_t…
Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 2007
Legal Status: SICAV
Fund Assets (as of day/month/year): USD 108.5 million (as of 31/March/2009)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 66.4 million (as of 31/March/2009)
Number of MFI Investments (as of day/month/year): 117 (as of 31/March/2009)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): responsAbility, Bank im Bistum Essen, Stadtsparkasse Düsseldorf
Instruments: Loans and Debt Securities, Equity
Fund Currency: EUR
Investment Horizon: 5 years
Fund Manager: responsAbility Social Investments AG
Contact Information:
responsAbility
Social Investments AG
Josefstrasse 59
CH-8005 Zurich
Switzerland
info@responsAbility.com
Additional Resources:
Latest news from responsibility
http://www.responsability.com/site/index.cfm/id_art/44217/vsprache/EN
responsAbility Mikrofinanz-Fonds Invests $2.7m in MicroInvest, AgroInvest, Prestanic and Fondesurco (May 2008)
https://www.microcapital.org/microcapital-story-responsability-mikrofinan…
LuxFlag Grants Label to Vision Microfinance and responsAbility Microfinance Investment Vehicles (May 2008)
https://www.microcapital.org/press-release-luxflag-grants-label-to-vision…
Luxembourg-based responsAbility Global Microfinance Fund Loans $3m to FINCA Kyrgyzstan (March 2008)
https://www.microcapital.org/microcapital-story-luxembourg-based-responsa…
responsAbility Mikrofinanz-Fonds Loans $1m to Eastern Europe Microenterprise Development Fund Kamurj and $2.5m to Eastern Europe Azerdemiryolbank (December 2007)
https://www.microcapital.org/microcapital-story-responsability-mikrofinan…
Eastern Europe Microfinance Institution LOKMicro Receives Over $6m in Loans from responsAbility Mikrofinanz-Fonds, responsAbility Microfinance Leaders Fund and VDK MFI Loan Portfolio (Decmeber 2007)
https://www.microcapital.org/microcapital-story-eastern-europe-microfinan…
Link to Microcapital Universe Wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Mikrofinanz-Fonds
Authored by Kenny Kline, Research Associate
Similar Posts:
- MICROCAPITAL BRIEF: AFI Invests $5m in Microfinance Institution AFK of Kosovo from Invest in Visions (IIV)
- MICROCAPITAL BRIEF: Annapurna Finance Borrowing $25m from responsAbility to Boost Renewable Energy, Energy-efficiency in India
- MICROCAPITAL BRIEF: Agents for Impact Disburses $8m from Invest in Visions (IIV) to Microfinance Institutions Digamber of India, Imon of Tajikistan
- MICROCAPITAL BRIEF: ResponsAbility Invests $40m in Equity in eFishery of Indonesia for Technology Helping Fish, Shrimp Farmers with Feeding, Water Quality, Documenting Sustainable Practices, Market Linkages
- MICROFINANCE EVENT: Social Enterprise Conference; October 27, 2023; New York City, USA
