responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made debt investments totaling approximately USD 6.7 million through MIVs it manages to Locfund, an MIV with offices in Costa Rica and Bolivia, and the following three MFIs: Interfisa, a financial intermediation company offering loans, voluntary savings and fund transfer services in Paraguay; Ecofuturo, a regulated Bolivian MFI that supports the development of small and micro-enterprises; and FIE Grand Poder of Argentina.
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MICROCAPITAL BRIEF: FINCA International Announces Launch of FINCA Microfinance Holding With Investments of $74m from IFC, KfW, FMO, responsAbility, Triple Jump
FINCA International, a US-based network of microfinance institutions (MFIs) in 21 countries, has established FINCA Microfinance Holding (FMH) LLC, with USD 74 million from social investors including: USD 35 million from International Finance Corporation (IFC), the private-investment arm of the World Bank Group; USD 15 million from KfW Bankengruppe, a German development bank; EUR 10.5 million (USD 14 million) from Netherlands Development Finance Company (FMO in Dutch), a Dutch public-private partnership (PPP); USD 5 million from the responsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments AG of Switzerland; and USD 5 million from Triple Jump, a Dutch investment manager and advisory firm for the microfinance sector.
MICROCAPITAL BRIEF: responsAbility Loans $3.9m to Microfinance Institutions (MFIs) Arvand of Tajikistan, Mol Bulak of Kyrgyzstan, Constanta and Lazika Capital, Both of Georgia
responsAbility Social Investments AG, a Swiss investment company that operates four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totalling USD 3.9 million in microfinance institutions (MFIs) Arvand of Tajikistan, Mol Bulak Finance of Kyrgyzstan, Joint Stock Company (JSC) Bank Constanta of Georgia and JSC Lazika Capital of Georgia.
MICROCAPITAL BRIEF: responsAbility Loans $6m to ProCredit Bank of Moldova, Foundation for International Community Assistance (FINCA) Russia, FINCA Jordan
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has loaned the equivalent of USD 6.3 million to ProCredit Bank of Moldova, Foundation for International Community Assistance (FINCA) Russia and FINCA Jordan through MIVs that it manages.
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund (rAGMF) Makes Loans Totaling $2.8m to Hattha Kaksekar Limited (HKL), Thaneakea Phum Limited (TPC) of Cambodia and Koperasi Mitra Dhuafa (Komida), Tanaoba Lais Manekat Foundation (TLM) of Indonesia
responsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments AG (responsAbility), recently reported to MicroCapital that it has loaned the equivalent of USD 2.8 million to four microfinance institutions (MFIs) in Cambodia and Indonesia. responsAbility is an investment company based in Switzerland that invests in MFIs and other MIVs.
MICROCAPITAL BRIEF: responsAbility Loans $7.5m in Local Currency to Peruvian Microfinance Institutions (MFIs) Financiera Confianza, Edpyme Raiz, Prisma
responsAbility Social Investments AG, a Swiss investment company that operates a number of microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made local-currency debt investments worth a total of USD 7.5 million in Peruvian microfinance institutions (MFIs) Edpyme Raiz, Financiera Confianza and Asociacion Benefica Prisma (Prisma).
MICROCAPITAL BRIEF: LuxFLAG Renews Label for MIVs From Absolute, BlueOrchard, EFSE, Finethic, Horus, KCD, ResponsAbility, Triodos, Wallberg
LuxFLAG, an organization established in 2006 to certify that microfinance investment vehicles (MIVs) actually invest in the sector, has renewed its annual label for 13 MIVs: Advans SA, BlueOrchard Microfinance Fund for US Investors, Dexia Micro-Credit Fund – BlueOrchard Debt Sub-Fund, Dual Return Fund – Vision Microfinance, European Fund for Southeast Europe, Finethic Microfinance, KCD Mikrofinanzfonds I, KCD Mikrofinanzfonds II, responsAbility Global Microfinance Fund, responsAbility (Lux) Microfinance Leaders Fund, responsAbility (Lux) Mikrofinanz-Fonds, Triodos Microfinance Fund and Wallberg Global Microfinance Fund.
MICROCAPITAL BRIEF: Swiss Microfinance Investment Vehicle (MIV) Manager responsAbility Releases Social Performance Report 2011
responsAbility Social Investments AG, an investment company based in Switzerland, recently released its “Social Performance Report 2011,” which is the sixth of its kind, covering the effect on poor people of its work during 2010 in the following areas: microfinance, fair trade, small and medium-sized enterprise (SME) financing and independent media.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Loans $2m to Middle East Micro Credit Company (MEMCC) of Jordan, Urwego Opportunity Bank (UOB) of Rwanda
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has made local-currency loans totaling the equivalent of USD 2 million to microfinance institutions (MFIs) Middle East Micro Credit Company (MEMCC) of Jordan and Urwego Opportunity Bank (UOB) of Rwanda.
MICROCAPITAL BRIEF: responsAbility Loans $6m to Microfinance Institution Financiera Creditos Arequipa SA (Financiera Crear), Fair Trade Groups Asociacion de Comites de Productores Agropecuarios (ACOPAGRO), Frontera de San Ignacio, All of Peru
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has loaned the equivalent of USD 6.62 million to microfinance institution Financiera Creditos Arequipa SA (Financiera Crear) and fair trade groups Asociacion de Comites de Productores Agropecuarios (ACOPAGRO) and Frontera de San Ignacio, all of Peru.
MICROCAPITAL BRIEF: responsAbility Loans $3.9m to Microfinance Institutions Financiera Confianza, Cooperativa Agropecuaria Limitada Naranjillo of Peru
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 3.9 million to microfinance organizations Financiera Confianza and Cooperativa Agropecuaria Limitada Naranjillo of Peru.
MICROCAPITAL BRIEF: responsAbility Loans $8.7m to Microfinance Institutions (MFIs) Microenterprise Development Fund Kamurj of Armenia, ProCredit Bank Georgia
responsAbility Social Investments AG, a Swiss investment company that operates a number of microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments of USD 1.2 million in Armenian microfinance institution (MFI) Microenterprise Development Fund Kamurj (MDF Kamurj) and USD 7.5 million in Georgian MFI ProCredit Bank Georgia.
MICROFINANCE BRIEF: ResponsAbility Microfinance Leaders Fund (rAMLF) Loans $2.5m to FINCA Kyrgyzstan, $500k to HUMO and Partners of Tajikistan
Switzerland’s responsAbility social investments recently reported to MicroCapital that its Microfinance Leaders Fund (rAMLF) has loaned USD 2.5 million to FINCA Kyrgyzstan and USD 500,000 to HUMO and Partners of Tajikistan.
MICROCAPITAL BRIEF: responsAbility of Switzerland Loans $6.9m to FIE Grand Poder of Argentina, Corporacion Narino Empresa y Futuro (Contactar) of Colombia, Banco Solidario of Ecuador, Arasy Organica of Paraguay
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 6.92 million to microfinance organizations Argentina, Colombia, Paraguay and Ecuador.
MICROCAPITAL BRIEF: responsAbility of Switzerland Loans $11m to ProCredit Georgia, Frontiers of Kyrgyz Republic, AgroInvest Holding of Montenegro, Sathapana of Cambodia
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 11 million to microfinance organizations in Georgia, the Kyrgyz Republic, Montenegro and Cambodia.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Worth $4m in Coffee Cooperatives Coagriscal and Coprocael of Honduras, Microfinance Institution Centro de Apoyo al Microempresario (CAME) of Mexico
responsAbility Social Investments, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 4 million to Coagriscal and Coprocael, Honduran coffee farming cooperatives and Centro de Apoyo al Microempresario (CAME), a microfinance institution (MFI) based in Mexico.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Loans $15m to FINCA International Subsidiaries in Azerbaijan, Georgia, Kyrgyzstan
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested USD 15 million in debt in FINCA International subsidiaries in Azerbaijan, Georgia and Kyrgyzstan. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2].
MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Worth $7.5m in FINCA Kyrgyzstan, Mol Bulak of Kyrgyzstan, Constanta of Georgia, BZMF of Kosovo, GafGaz Leasing of Azerbaijan
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it invested the equivalent of USD 7.5 million in microfinance organizations in Kosovo and Central Asia.