Triodos Bank, a Dutch bank with additional offices in Belgium, Great Britain, Spain and Germany, recently approved a loan in the amount of EUR 3 million (USD 3.7 million) to the Prizma Microcredit Foundation reaching a total of EUR 5 million (USD 6.1 million) loaned by Triodos to the microcredit organization in Bosnia and Herzegovina. The loan will be used for the expansion of Prizma’s operations [1].
Prizma has total assets of USD 68.4 million and loans totaling USD 63.9 million outstanding to approximately 68,000 clients in rural areas of Bosnia and Herzegovina as of April 30, 2012. The Investment Management division of Triodos Bank manages four microfinance funds with total assets of USD 442 million and outstanding loans to 95 different institutions as of December 31, 2011 [3].
By Jaime Fellers, Research Associate
About Prizma Microcredit Foundation:
Prizma Microcredit Foundation provides loans to low-income people in rural areas of Bosnia-Herzegovina. As of April 30, 2012, Prizma reports approximately 68,000 loan clients for a total of USD 63.9 million outstanding loaned and total assets of USD 68.4 million [2].
About Triodos Investment Management:
Triodos Bank, which is based in The Netherlands, has total microfinance assets under management of USD 442 million in four different funds: Triodos-Doen Fund, Hivos-Triodos Fund, Triodos Fair Share Fund and Triodos Sicav II-Triodos Microfinance Fund. Combined, these funds provide loans to 95 different institutions in 43 countries, according to its Annual Report 2011 [3].
Sources and Additional Resources:
[1] Information provided to MicroCapital by Prizma Mikro:
“Press Release: Triodos Approved a New Loan of EUR 3m ($3.7m) to Prizma”, http://www.prizma.ba/index.php?option=com_content&view=article&id=227&It…
[2] Prizma Microcredit Foundation: “Finance Performance”, http://www.prizma.ba/index.php?option=com_content&view=article&id=31&Ite…
[3] Triodos Bank: “Annual Report 2011: Impact in Microfinace”, http://report.triodos.com/en/2011/impactandengagement/impact…
MicroCapital Universe Profile: Prizma Microcredit Foundation https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mic…
MicroCapital Universe Profile: Triodos Investment Management https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tri…
MicroCapital Universe Profile: Triodos-Doen Foundation https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tri…
MicroCapital Universe Profile: Triodos Fair Share Fund https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tri…
Micro Capital Universe Profile: Hivos-Triodos Fund https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Hiv…
MicroCapital Universe Profile: Triodos Microfinance Fund https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tri…
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