Hypo Alpe Adria Group, a state-owned Austrian financial group, and ResponsAbility Social Investments, a Swiss investment organization founded in 2003, approved loans of BAM 5 million (USD 3.2 million) and EUR 3 million (USD 3.7 million), respectively, to Microcredit Foundation Prizma, a microcredit organization operating in rural Bosnia and Herzegovina. The funds will be used to expand Prizma’s operations.
Prizma has provided USD 63.9 million in loans to approximately 68,000 clients. Its assets total USD 68.4 million as of April 30, 2012. Prizma reported to the US-based nonprofit Microfinance Information Exchange (MIX) return on assets (ROA) of 1.85 percent and return on equity (ROE) of 9.44 percent as of December 31, 2011. Founded in 1896 operating in twelve countries, Hypo Alpe Adria Group had total assets of EUR 1.2 billion (USD 1.5 billion) and outstanding loans of EUR 1 billion (USD 1.2 million) as of December 31, 2009. More recent financial information on the organization is not available. ResponsAbility has total assets of USD 1 billion invested in 372 companies in 70 countries as of 2012.
By Jaime Fellers, Research Associate
About Microcredit Foundation Prizma:
Prizma is a microfinance institution (MFI) that provides credit products in rural Bosnia and Herzegovina. As of April 30, 2012, Prizma reported total assets of USD 68.4 million, a gross loan portfolio of USD 63.9 million, and 68,000 active borrowers. As of December 31, 2011, Prizma reported to the US-based nonprofit Microfinance Information Exchange (MIX) return on assets (ROA) of 1.85 percent and return on equity (ROE) of 9.44 percent.
About Hypo Alpe Adria Group:
Hypo Alpe Adria Group, established in 1896 and owned by the government of Austria, is reportedly active in 12 countries and has total assets of EUR 1.2 billion (USD 1.5 billion) and outstanding loans of EUR 1 billion (USD 1.2 billion) as of December 31, 2009. More recent financial information on the organization is not available.
About ResponsAbility Social Investments:
Founded in 2003, responsAbility Social Investments AG is a Swiss investment company whose products aim to enable investors to earn a financial return while assisting people in emerging markets to access information and markets in sectors such as microfinance, small and medium-sized enterprise (SME) financing, fair trade and independent media. As of September 2011, ResponsAbility reported total assets under management of approximately USD 1 billion. ResponsAbility is backed by Swiss financial institutions and a social venture capital company as founders and shareholders including Baumann & Cie, Banquiers, Credit Suisse, Raiffeisen Schweiz, Swiss Re, Bank Vontobel AG as well as George Avenue.
Sources and Additional Resources:
[1] Microcredit Foundation Prizma Press Release: “Hype Alpe Adria Group Approved New BAM 5 million to Prizma”, http://www.prizma.ba/index.php?option=com_content&view=article&id=232&It
[2] Microcredit Foundation Prizma Press Release: “ResponsAbility Approved New EUR 3 million to Prizma”, http://www.prizma.ba/index.php?option=com_content&view=article&id=236&It
MicroCapital Article: “MICROCAPITAL BRIEF: Triodos Bank Loan 3.7m to Prizma of Bosnia and Herzegovina to Expand Its Microfinance Operations”, by Jaime Fellers, July 17, 2012,
https://www.microcapital.org/microcapital-brief-triodos-bank-loans-3-7m-t…
MicroCapital Article: “MICROCAPITAL BRIEF: ResponsAbility loans 7.8m to ProCredit Moldova, 1.2m to Noa of Albania, Webster Hughes, July 27, 2012, https://www.microcapital.org/microcapital-brief-responsability-loans-7-8m…
MicroCapital Universe Profile: ResponsAbility Social Investments AG
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=res
MicroCapital Universe Profile: Microcredit Foundation Prizma
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mic
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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