responsAbility Global Microfinance Fund Makes Nearly $3 Million Microfinance Investment: Loans to FINCA Azerbaijan, Credo Foundation of Georgia, Constanta Foundation of Georgia, MicroInvest of Moldova

responsAbility Global Microfinance Fund loaned $2,902,000 to microfinance institutions in Eastern Europe and Central Asia. responsAbility, established in 2003 under Luxembourg law, is classified as a private investor and open-ended investment fund. In July 2006, it reported a total fund volume of $70.2 million as well as microfinance and free trade investments of $65.5 million. MicroCapital recently reported on responsAbility’s $800,000 investment in BlueOrchard Loans for Development.

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