The European Fund for Southeast Europe (EFSE) a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has provided a loan of EUR 20 million (approximately USD 26.2 million) to Banka Kombëtare Tregtare (BKT), a commercial bank in Albania.
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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $50m to Bank of Georgia for Microfinance Operations
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, loaned USD 50 million to Bank of Georgia, a commercial bank, for expansion of its housing and micro- and small enterprise (MSE) lending operations.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $6m in Microfinance Institution (MFI) ACBA-Credit Agricole Bank CJSC and ACBA Leasing of Armenia
responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made five debt investments in microfinance institution (MFI) ACBA-Credit Agricole Bank CJSC (ACBA) and its subsidiary leasing branch, ACBA Leasing.
MICROCAPITAL BRIEF: National Bank of Georgia, KfW Entwicklungsbank, European Fund for Southeast Europe (EFSE) Hold Conference on Responsible Finance
The National Bank of Georgia, the Georgian Central Bank; KfW Entwicklungsbank, German development bank; and microfinance investment vehicle the European Fund for Southeast Europe (EFSE) held a conference recently on the importance of responsible business practices in the financial sector.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $6.5m in Microfinance Institutions (MFIs) COAC Progreso of Ecuador, Pagasa of the Philippines and Vision Banco of Paraguay
responsAbility Social Investments AG (responsAbility), an investment manager based in Switzerland, reported to MicroCapital that it has provided a total of USD 6.5 million in debt financing to COAC Progreso, Pagasa and Vision Banco.
MICROCAPITAL BRIEF: responsAbility Social Investments Loans $2.67m to Mexican Microfinance Institution (MFI) KapitalMujer and Crezcamos of Colombia
Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned a total of USD 2.67 million to microfinance institutions (MFIs) KapitalMujer and Crezcamos Colombia.
MICROCAPITAL BRIEF: responsAbility Social Investments Invests $12.4m in Microfinance Institutions (MFIs) ProCredit Holding and Visionfund Cambodia
Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance?Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned USD 12.4 million in total to microfinance institutions (MFIs) ProCredit Holding and Visionfund Cambodia in October.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $1.5m in Microfinance Institutions (MFIs) FINCA DRC of Democratic Republic of the Congo, Grooming Centre of Nigeria and WAGES of Togo
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided approximately USD 1.5 million in debt financing to FINCA DRC of Democratic Republic of the Congo, Grooming Nigeria of Nigeria and Women and Associations for Gain both Economic and Social (WAGES) of Togo.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Invests $4.3m in Microfinance Institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa and Fair Trade Group Asociación de Comités de Productores Agropecuarios (ACOPAGRO), All of Peru
responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it made three debt investments totaling USD 4.3 million in microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa, and Asociación de Comités de Productores Agropecuarios (ACOPAGRO), all of Peru.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans NLB Prishtina of Kosovo and ProCredit Bank Serbia $34.9m
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has reported to MicroCapital that it loaned NLB Prishtina, a commercial bank based in Kosovo, and ProCredit Bank Serbia, a development-oriented bank, a total of USD 34.9 million.
MICROCAPITAL BRIEF: Advans SA Set to Open Microfinance Bank (MFB) Advans Bank Tanzania in December 2010
Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg that mobilizes funds for microfinance institutions (MFIs), has announced that it has scheduled the opening of the first branch of its sixth microfinance bank (MFB), Advans Bank Tanzania, in Dar es Salaam in December of this year.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $3m in Microfinance Institutions (MFIs) Fondesurco of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided a total equivalent to USD 3 million in debt financing to Fondesurco (Fondo de Desarrollo Regional) of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans Hipotekarna Banka of Montenegro and Ararat Bank of Armenia $11m
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) managed by Oppenheim Asset Management Services with an investment portfolio of EUR 578.9 million (approximately USD 805 million) as of year-end 2009, has reported to MicroCapital that it loaned Hipotekarna Banka, a commercial bank based in Montenegro, and Ararat Bank, a commercial bank based in Armenia, a total of USD 11 million.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe Makes Investments Totaling $17m in Banka Kombetare Tregtare of Albania
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV), has announced to MicroCapital that it made two debt investments in Banka Kombetare Tregtare (BKT) ShA (Joint Stock Company), a private commercial bank in Albania, in September 2010.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Makes Debt Investments Totaling $2.8m in Microfinance Institutions (MFIs) Pearl Microfinance Limited of Uganda and fondiBESA of Albania
responsAbility Social Investments AG (responsAbility), a social investment company founded in 2003 in Switzerland, reported to MicroCapital that it made two debt investments during the month of September totaling EUR 1 million (USD 1.3 million) in microfinance institution (MFI) fondiBESA of Albania and a third debt investment of USD 1.5 million in Pearl Microfinance Limited of Uganda.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $4.4m in Microfinance Institutions (MFIs) Inecobank and SEF International of Armenia and Kazmicrofinance (KMF) of Kazakhstan
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital the details of six debt investments it made in September 2010 to Inecobank of Armenia, SEF International of Armenia and Kazmicrofinance (KMF) of Kazakhstan totaling USD 4.4 million.
MICROCAPITAL BRIEF: responsAbility Social Investments AG Makes Debt Investments Totaling $1.7m in MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador
responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador.
MICROCAPITAL BRIEF: European Fund for Southeastern Europe (EFSE) Loans $26.7m to Raiffeisenbank EAD of Bulgaria for Housing Finance
The European Fund for Southeastern Europe (EFSE) has recently signed a loan of EUR 20 million (USD 26.7 million) to Raiffeisenbank EAD (Joint Stock Corporation) of Bulgaria for the provision of loans to low-income households for renovating, enlarging or purchasing their homes.