Switzerland’s responsAbility Social Investments has increased its debt exposure to Bai Tushum & Partners, a microfinance institution (MFI) in the Kyrgyz Republic, from USD 6 million to USD 11 million. In addition to being a shareholder in the MFI, responsAbility has representation on Bai Tushum & Partners’ board of directors. As of December 2012, Bai Tushum & Partners reported USD 101 million in total assets, a gross loan portfolio of USD 68.2 million, 26,500 active borrowers, 1,760 depositors with USD 1.79 million in total deposits, return on assets (ROA) of -0.60 percent and return on equity (ROE) of -3.89 percent. The MFI offers loans for agriculture, trading, housing, consumption and equipment. As of March 2013, responsAbility reported total assets under management of approximately USD 1.4 billion.
By Brian LeBlanc, Research Associate
About responsAbility
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 March 2013, responsAbility reported total assets under management of approximately USD 1.4 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.
About Bai Tushum & Partners
Bai Tushum and Partners is a microfinance institution (MFI) based in the Kyrgyz Republic. Bai Tushum’s mission is to contribute to the economic development of the Kyrgyz Republic through the delivery of microfinance services that lead to increased employment and otherwise meet the interests of its clients and investors. Bai Tushum’s products include agriloans; trade, service, and production loans; mortgage loans; consumer loans; and equipment financing. As of December 2012, Bai Tushum & Partners reported USD 101 million in total assets, a gross loan portfolio of USD 68.2 million, 26,500 active borrowers, 1,760 depositors with USD 1.79 million in total deposits, return on assets (ROA) of -0.60 percent and return on equity (ROE) of -3.89 percent.
Sources and Additional Information
Information reported directly to MicroCapital by responsAbility
MicroCapital story, January 15, 2013, “MICROCAPITAL BRIEF: responsAbility Social Investments Loans $1.5m to Al Majmoua (Lebanese Associate for Development), $10m to Araratbank of Armenia,” https://www.microcapital.org/microcapital-brief-responsability-social-investments-loans-1-5m-to-al-majmoua-lebanese-association-for-development-10m-to-araratbank-of-armenia/
MicroCapital story, December 8, 2012, “MICROCAPITAL BRIEF: responsAbility Social Investments Disburses $14m to LOLC Micro Credit of Sri Lanka,” https://www.microcapital.org/microcapital-brief-responsability-social-investments-disburses-14m-to-lolc-micro-credit-limited-of-sri-lanka/
MicroCapital story, October 25, 2012, “MICROCAPITAL BRIEF: Microfinance Institution Bai Tushum and Partners of Kyrgyz Republic to Transform to Bank Status,” https://www.microcapital.org/microcapital-brief-microfinance-institution-bai-tushum-and-partners-of-kyrgyz-republic-to-transform-to-bank-status/
MicroCapital story, June 26, 2012, “MICROCAPITAL BRIEF: Funds Managed by Incofin Loan $5, to FINCA Kyrgyzstan, Bai Tushum of Kyrgystan take 35% State in Unguka Bank of Rwanda,” https://www.microcapital.org/microcapital-brief-funds-managed-by-incofin-loan-5m-to-finca-kyrgyzstan-bai-tushum-of-kyrgyzstan-take-35-stake-in-unguka-bank-of-rwanda/
MicroUniverse Profile: responsAbility https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility
MicroUniverse Profile: Bai Tushum & Partners https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bai+Tushum+and+Partners
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