In addition to its recent $900,000 investment in FINCA Azerbaijan, responsAbility Global Microfinance Fund loaned over $1 million to microfinance institutions in Eastern Europe. responsAbility, established in 2003 under Luxembourg law, is classified as a private investor and open-ended investment fund. In May 2006, it reported a total fund volume of $57 million and microfinance investments of $53 million.
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