The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has agreed to disburse a loan to Partner Microcredit Foundation (Partner MCF), a microcredit organization based in Bosnia and Herzegovina, in the amount of EUR 8 million (USD 9.8 million). Partner MCF will use the loan to increase the availability of funding for micro-, small, and medium-sized enterprises in the agricultural sector.
According to 2011 data from the US-based nonprofit Microfinance Information Exchange (MIX), Partner MCF had USD 71.6 million in assets, a gross loan portfolio of USD 56.4 million and 34,728 active borrowers. As of the same year, PMCF had return on equity of 1.60 percent and return on assets of 0.63 percent. EBRD began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. In 2011, EBRD disbursed a total of EUR 6.7 billion (USD 8.3 billion).
By Brett Cohen Research Associate
About Partner MCF
US-based nonprofit Mercy Corps founded Partner Microcredit Foundation (PMCF) in April 1997 in Bosnia and Herzegovina. According to the US-based nonprofit Microfinance Information Exchange (MIX), as of 2011, PMCF had USD 71.6 million in assets, a gross loan portfolio of USD 56.4 million and 34,728 active borrowers. As of the same year, PMCF had return on equity of 1.60 percent and return on assets of 0.63 percent.
About European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a development finance institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe, Central Asia and more recently in Southern and Eastern Mediterranean region. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2011, EBRD disbursed a total of EUR 6.7 billion (USD 8.3 billion).
Sources and Additional Resources
EBRD.com press release, “€8 million loan to Bosnia’s Partner Microcredit Foundation for on-lending to MSEs”
http://www.ebrd.com/pages/news/press/2012/120629.shtml
MicroCapital.org story, June 15, 2012: “MICROCAPITAL BRIEF: Green for Growth Fund Loans $30.6m to Partner Microcredit Foundation of Bosnia and Herzegovina, Komercijalna Banka Beograd of Serbia”
https://www.microcapital.org/microcapital-brief-green-for-growth-fund-loa…
MicroCapital.org story, June 29, 2012: “MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD) Partner to Support Small and Medium-Sized Enterprises in Mongolia, Turkey”
https://www.microcapital.org/microcapital-brief-european-union-eu-europea...
MicroCapital Universe Profile: European Bank for Reconstruction and Development
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Eur…
MicroCapital Univers Profile: Partner MicroCredit Foundation
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Par…
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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