The money is being provided under a joint action plan among EBRD, the US-based World Bank Group and the European Investment Bank to provide approximately EUR 30 billion (USD 38.4 billion) in joint commitments during fiscal year 2013-2014. Further information on the loan to UniCredit Serbia, such as the term or interest rate, is unavailable.

UniCredit Group has 9,500 branches in 22 countries in Europe. For the year 2012, UniCredit Serbia reported total assets of RSD 244 billion (USD 2.8 billion). In 2011, EBRD disbursed a total of EUR 6.7 billion (USD 8.3 billion).

By Charlotte Newman, Research Associate

About UniCredit Bank Serbia
UniCredit Bank Serbia is a member of UniCredit Group, an Italy-based financial institution. UniCredit Group has 9,500 branches in 22 countries in Europe. For the year 2011, UniCredit Group reported total assets of EUR 926 billion (USD 1.19 trillion). For the year 2012, UniCredit Serbia reported total assets of RSD 244 billion (USD 2.8 billion).

About European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2011, EBRD disbursed a total of EUR 6.7 billion (USD 8.3 billion).

Sources and Additional Resources:

EBRD Press Release: “A Boost for Serbia’s Private Sector: EBRD and UniCredit Providing Loans and Leasing Finance,” http://www.ebrd.com/pages/news/press/2013/130517.shtml

MicroCapital.org story, April 5, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $19m to UniCredit Serbia for Small and Medium-sized Enterprises,” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-loans-19m-to-unicredit-serbia-for-leasing-to-small-medium-sized-enterprises/

MicroCapital.org story, May 13, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF),” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-european-union-commit-25m-to-kyrgyz-sustainable-energy-financing-facility-kyrseff/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/

Mr Daniel Doku, the CEO of VCTF, reportedly indicated that the Centre for Impact Investing is expected to be funded via VCTF using grant funds from the Rockefeller Foundation, a US-based nonprofit organization that seeks to “promote the well-being” of humanity through “smart globalization.” The Centre is expected to be launched by the end of June 2013.

Since its establishment, VCTF has used its seed funding of GHS 22.4 million (USD 11.2 million) to fund initiatives that are estimated to have resulted in private-sector economic growth of GHS 40.2 million (USD 20.2 million), 2,500 jobs directly created and 4,500 indirect jobs.

By Makai McClintock, Research Associate

About The Rockefeller Foundation
The Rockefeller Foundation, founded in 1913, is a US-based nonprofit organization whose mission is to “promote the well-being” of humanity through “smart globalization.” The Foundation works to overcome social, economic, health and environmental challenges; it also seeks to promote growth that offers poor and vulnerable people more access to opportunities that can improve their lives. It operates worldwide with offices in Kenya, Thailand, Italy and the United States. As of December 2011, the Rockefeller Foundation had USD 3.5 billion in total assets and annual grants of USD 142 million.

Sources and Additional Resources

Ghana Business News, “Venture Capital Trust Fund Signs MoU with GIMPA to Establish Centre,” http://www.ghanabusinessnews.com/2013/05/09/venture-capital-trust-fund-signs-mou-with-gimpa-to-establish-centre/

Venture Capital Trust Fund, “Operations,” http://www.venturecapitalghana.com.gh/AboutUs/Operations/tabid/95/Default.aspx

MicroCapital: “MICROFINANCE PAPER WRAP-UP: “Perspectives on Progress: The Impact Investor Survey,” March 19, 2013.
http://www.microcapital.org/microfinance-paper-wrap-up-perspectives-on-progress-the-impact-investor-survey-by-yasemin-saltuk-published-by-jp-morgan-and-the-global-impact-investing-network-giin/

MicroCapital: “MICROCAPITAL BRIEF: Bill & Melinda Gates, Gatsby Charitable, Rockefeller Foundations and JP Morgan Invest $25m to Establish African Agricultural Capital Fund,” October 10, 2011.
http://www.microcapital.org/microcapital-brief-bill-melinda-gates-gatsby-charitable-rockefeller-foundations-and-jp-morgan-invest-25m-to-establish-african-agricultural-capital-fund/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

By Jennifer Young, Research Associate

About MicroFinance Transparency (MFTransparency)
MicroFinance Transparency (MFTransparency) is a US-based nongovernmental organization (NGO) that was launched in July 2008 to provide information on microcredit products and their prices. MFTransparency collects data on the interest and fees charged on microfinance loan products in order to calculate and publicize the effective interest rates charged on those loans. As of March 2012, MFTransparency reported total revenue of USD 1.3 million. According to its website, 1341 industry stakeholders have endorsed its efforts as of 2013. As of January 2013, MFTransparency has collected data from 30 countries on four continents, including 16 countries in Sub-Saharan Africa.

Sources and Additional Resources

MicroFinance Transparency Press Release, “New Pricing Data Revealed,”
http://www.mftransparency.org/homeslide/new-pricing-data-revealed-2/

MicroCapital Story, April 11, 2013, “MICROCAPITAL BRIEF: MFTransparency Launch Transparent Pricing Initiative in Morocco in Partnership with Netherlands Platform for Microfinance, Planet Rating, Centre Mohammed VI de Soutien a la Microfinance Solidaire,”
http://www.microcapital.org/microcapital-brief-mftransparency-launch-transparent-pricing-initiative-in-morocco-in-partnership-with-netherlands-platform-for-microfinance-planet-rating-centre-mohammed-vi-de-soutien-a-la-microfi/

MicroCapital Story, January 22, 2013, “MICROCAPITAL BRIEF: MicroFinance Transparency, Pakistan Microfinance Network Partner to Collect, Publish Microloan Pricing Data,”
http://www.microcapital.org/microcapital-brief-microfinance-transparency-pakistan-microfinance-network-partner-to-collect-publish-microloan-pricing-data/

MicroCapital Story, August 15, 2012, “MICROCAPITAL BRIEF: MFTransparency Partners with Planet Rating, Microfinance Institutions Network (MFIN) of India to Improve Pricing Transparency,”
http://www.microcapital.org/microcapital-brief-mftransparency-partners-with-planet-rating-microfinance-institutions-network-mfin-of-india-to-improve-pricing-transparency/

MicroCapital Story, February 7, 2012, “MICROCAPITAL BRIEF: MFTransparency Releases Microfinance Pricing Data for Mozambique,”
http://www.microcapital.org/microcapital-brief-mftransparency-releases-microfinance-pricing-data-for-mozambique/

MicroCapital Story, January 27, 2012, “MICROCAPITAL BRIEF: MFTransparency Releases Microloan Pricing Data for Ghana, Zambia, Tanzania,”
http://www.microcapital.org/microcapital-brief-mftransparency-releases-microloan-pricing-data-for-ghana-zambia-tanzania/

MicroCapital Story, January 19, 2012, “MICROCAPITAL BRIEF: MFTransparency Releases Microloan Pricing Report on Ethiopia’s Microfinance Industry,” http://www.microcapital.org/microcapital-brief-mftransparency-releases-microloan-pricing-report-on-ethiopias-microfinance-industry/

MicroCapital Universe Profile: MicroFinance Transparency
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MFTransparency

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

This funding is part of EBRD’s Turkish Sustainable Energy Finance Facility (TurSEFF), which was launched in July 2010 with the equivalent of USD 284 million and is aimed at improving the country’s long-term energy efficiency [2]. TURSEFF was extended in early 2013 with the equivalent of USD 200 million in recognition of the continued demand from SMEs for funds to invest in energy efficiency. TurSEFF reportedly has saved the equivalent of USD 147 million in oil imports and 686,000 tons of carbon dioxide emissions since 2010.

Established in 1954, Vakifbank offers commercial, small-scale enterprise, retail and private banking [3]. As of 2012, Vakifbank reported total assets of TRL 104.6 billion (USD 56.5 billion), return on assets (ROA) of 1.6 percent and return on equity (ROE) of 14.6 percent. In 2011, EBRD disbursed a total of EUR 6.7 billion (USD 8.3 billion).

By Meghan Gillis, Research Associate

About European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs).

About Vakiflar Bankasi

Established in 1954, Vakifbank offers commercial, small-scale enterprise, retail and private banking [3]. As of 2012, Vakifbank reported total assets of TRL 104.6 billion (USD 56.5 billion), return on assets (ROA) of 1.6 percent and return on equity (ROE) of 14.6 percent.

Sources and Additional Resources

[1] European Bank for Reconstruction and Development Story: “New EBRD Financing for Improved Business Energy Efficiency in Turkey,” http://www.ebrd.com/pages/news/press/2013/130510e.shtml

[2] Turseff: http://www.turseff.org/en/truseff-credits.html

[3] Vakifbank: “2012 Earnings Presentation,” http://www.vakifbank.com.tr/documents/inv_pres/EP_BRSA_2012.pdf

MicroCapital story, August 6, 2012, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Extends Credit Line to Turkey’s Vakiflar Bankasi (Vakifbank) Worth $25m,” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-extends-credit-line-to-turkeys-vakiflar-bankasi-vakifbank-worth-25m/

MicroCapital story, November 14, 2012, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $70m to Garanti Bank of Turkey, Hipotekarna Banka of Montenegro, Bai Tushum of Kyrgyz Republic,” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-lends-70m-to-garanti-bank-of-turkey-hipotekarna-banka-of-montenegro-bai-tushum-of-kyrgyz-republic-2/

MicroCapital story, May 13, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF),” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-european-union-commit-25m-to-kyrgyz-sustainable-energy-financing-facility-kyrseff

MicroCapital story, March 8, 2013, “MICROCAPITAL BRIEF: EBRD Plans $200m to Expand Turkish Sustainable Energy Finance Facility (TurSEFF) for Small and Medium-sized Enterprises, Private Households,” http://www.microcapital.org/microcapital-brief-ebrd-plans-200m-to-expand-turkish-sustainable-energy-finance-facility-turseff-for-small-and-medium-sized-enterprises-private-households/

MicroCapital story, February 25, 2013, “MICROCAPITAL BRIEF: Minsk Transit Bank, Belgazprombank of Belarus Access $50m Facility for SME Energy Efficiency from European Bank for Reconstruction and Development,” http://www.microcapital.org/microcapital-brief-minsk-transit-bank-belgazprombank-of-belarus-access-50m-facility-for-sme-energy-efficiency-from-european-bank-for-reconstruction-and-development-erbd/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/

Mr Rambarran also reportedly stated that Trinidad & Tobago intends to adopt the Maya Declaration, a statement of principles for the development of financial inclusion policies for developing nations, at the Alliance for Financial Inclusion (AFI) Global Policy Forum in September 2013. According to Mr Rambarran, “AFI provides an excellent opportunity for us to develop relationships with other countries and to leverage their knowledge and expertise to catalyze financial inclusion policy changes, and to help push the global financial inclusion agenda.”

As of September 2011, the Central Bank of Trinidad & Tobago reported total assets of TTD 74.9 billion (USD 11.6 billion).

By Charlotte Newman, Research Associate

About the Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago was established in 1964 as the central banking authority in the country. The bank’s responsibilities include issuing and redeeming currency, developing and implementing monetary policy, acting as banker and advisor to the government and commercial banks, and issuing securities on behalf of the government. As of September 2011, the Central Bank of Trinidad and Tobago reported total assets of TTD 74.9 billion (USD 11.6 billion).

About Alliance for Financial Inclusion (AFI)
The Alliance for Financial Inclusion (AFI) is a Thailand-based network of financial policymakers from developing and emerging economies that aims to increase access to financial services for poor people. AFI uses a “peer-to-peer” model that enables member institutions to share knowledge and identify policy solutions for their home countries. AFI also provides grants to members to help support policy implementation. As at 2013, AFI’s member institutions represent approximately 85 countries.

Sources and Additional Resources:

The Guardian: “T&T to Develop Financial Inclusion Policy,” http://www.guardian.co.tt/business-guardian/2013-04-24/tt-develop-financial-inclusion-policy

MicroCapital.org story, October 16, 2012, “MICROCAPITAL BRIEF: 15 Caribbean Microfinance Institutions to Benefit from $2m Phase Two of Caribbean Microfinance Capacity Building Project (CARIB-CAP II),” http://www.microcapital.org/microcapital-brief-15-caribbean-microfinance-institutions-to-benefit-from-2-million-phase-two-of-caribbean-microfinance-capacity-building-project-carib-cap-ii/

MicroCapital.org story, November 3, 2011, “MICROCAPITAL BRIEF: Alliance for Financial Inclusion’s Global Policy Forum Concludes with Signing of Maya Declaration on Financial Inclusion,” http://www.microcapital.org/microcapital-brief-alliance-for-financial-inclusion%E2%80%99s-global-policy-forum-concludes-with-signing-of-maya-declaration-on-financial-inclusion/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/

The following banks have announced that they will participate in the pilot tests: Bank Sinar Harapan, Bank Mandiri, Bank Tabungan Pensiunan Nasional, Commerce International Merchant Bank Naiga and Bank Rakyat Indonesia. Users of the service will be able to add funds to their mobile wallets at participating banks’ branches and automated teller machines (ATMs). The trials, which are expected to begin in May 2013 and last until November 2013, will be run in the Indonesian provinces of Bali, Central Java, East Java, East Kalimantan, North Sumatera, South Sulawesi, South Sumatera and West Java.

The announcement of Bank Indonesia’s upcoming tests comes in the wake of the announcement of new interoperability features among the mobile money services of three of Indonesia’s mobile network operators, Indosat’s Dompetku, Telkomsel’s T-Cash and PT XL Axiata’s LX Tunai. These features are expected to allow users to send and receive person-to-person (P2P) money transfers to and from users of any of the three services for a fee of IDR 2,000 (USD 0.21).

By Makai McClintock, Research Associate

About Bank Indonesia
Established in 1999, Bank Indonesia (BI) is the nation’s central bank. Its primary objective is to maintain currency stability by: formulating and implementing monetary policy, regulating and ensuring smooth operation of payment systems, and regulating and supervising the national banking system. As of 2012, Bank Indonesia’s governor is Mr. Darmin Nasution.

Sources and Additional Resources

Bank Indonesia Press Release, “Bank Indonesia Issues Guiding Principles for Trials of a Limited Banking and Payment System Service through Financial Services Intermediary Units,” http://m.bi.go.id/web/en/Ruang+Media/Siaran+Pers/Siaran+Pers_30042013.htm

Mobile Money Asia Post, “Mobile Money Interoperability in Indonesia Announced,” http://mobilemoneyasia.blogspot.com/

MicroCapital, December 13, 2012, “MICROCAPITAL BRIEF: Banks in Indonesia Claim Readiness for Branchless Banking, Pending Regulation Issuance,”
http://www.microcapital.org/microcapital-brief-banks-in-indonesia-claims-readiness-for-branchless-banking-pending-regulation-issuance/

MicroCapital, 5 July 2012: “MICROCAPITAL BRIEF: Indonesia: Banks Introduce Rabu Microsavings Program at Indonesian Banking Expo (IBEX)”, http://www.microcapital.org/microcapital-brief-indonesia-banks-introduce-rabu-microsavings-program-at-indonesian-banking-expo-ibex/#more-19433

MicroCapital, 27 January 2009: “MICROCAPITAL STORY: Bank Indonesia Welcomes the Competition of Foreign Banks Into Indonesia’s Microfinance Sector”, http://www.microcapital.org/microcapital-story-bank-indonesia-welcomes-the-competition-of-foreign-banks-into-indonesias-microfinance-sector/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

As of 2011, MASLOC’s annual microcredit disbursals were GHS 241.5 billion (USD 121 million).

By Makai McClintock, Research Associate

About Microfinance and Small Loans Centre (MASLOC)
MASLOC was introduced in Ghana in 2004 under former President Kufuor’s administration. MASLOC was created as part of the Ghana Poverty Reduction Strategy, a policy agenda for poverty reduction and economic growth laid out by the Ghanaian government and the World Bank. The scheme was launched to administer, coordinate and monitor microcredit schemes in the country with the goal of making sustainable financial services available to all individuals, co-operatives and microfinance institutions (MFIs) in the country. As of 2011, MASLOC’s annual microcredit disbursals were GHS 241.5 billion (USD 121 million).

Sources and Additional Resources

Ghana Business News, “Refund MASLOC Loans or Scheme Will Collapse – Minister,” http://www.ghanabusinessnews.com/2013/05/06/refund-masloc-loans-or-scheme-will-collapse-minister/

MASLOC Website, “About Us,”http://www.masloc.gov.gh/1/About-Medium-and-Small-Loans.html

MicroCapital, July 14, 2011, “Defaults, Questionable Disbursements at Microfinance and Small Loans Centre (MASLOC) Slow Microfinance in Ghana,” http://www.microcapital.org/microcapital-brief-defaults-questionable-disbursements-at-microfinance-and-small-loans-centre-masloc-slow-microfinance-in-ghana/

MicroCapital, November 16, 2010, “Microfinance and Small Loans Centre (MASLOC) to Disburse $24m to Cover All Regions of Ghana During 2011,” http://www.microcapital.org/microcapital-brief-microfinance-and-small-loans-centre-masloc-to-disburse-24m-to-cover-all-regions-of-ghana-during-2011/

MicroCapital, December 19, 2007, “’The Micro Finance and Small Loans Fund’ in Ghana Disburses USD 7.5m Loans in Three Months,” http://www.microcapital.org/microcapital-story-%E2%80%98the-micro-finance-and-small-loans-fund%E2%80%99-in-ghana-disburses-usd-75m-loans-in-three-months/

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

As of 2011, the bank reported total assets of PEN 5.3 billion (USD 2.1 billion), a gross loan portfolio of PEN 3.4 billion (USD 1.3 billion), deposits of PEN 3.9 billion (USD 1.5 billion), return on assets (ROA) of 1.34 percent and return on equity (ROE) of 18.9 percent. The number of clients is not available.

As of 2012, IFC has 184 member countries, total assets of USD 75.8 billion, ROA of 1.8 percent and return on capital of 6.5 percent.

By Jennifer Young, Research Associate

About International Finance Corporation (IFC)
A member of the US-based World Bank Group, the International Finance Corporation (IFC) offers loans, equity investments, advisory services and technical assistance to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2012, IFC has 184 member countries, total assets of USD 75.8 billion, return on assets of 1.8 percent, return on capital of 6.5 percent and USD 15.5 billion mobilized to 576 projects.

About BanBif
BanBif (formerly known as Banco Interamericano de Finanzas) is a bank based in Peru. As of 2011, the bank reported total assets of PEN 5.3 billion (USD 2.1 billion), a gross loan portfolio of PEN 3.4 billion (USD 1.3 billion), deposits of PEN 3.9 billion (USD 1.5 billion), return on assets (ROA) of 1.34 percent and return on equity (ROE) of 18.9 percent. Information on the number of clients is not available.

Sources and Additional Resources

[1] International Finance Corporation Press Release, “IFC invests $50 million to Help Expand Access to Finance to Small and Medium Enterprises in Peru”
http://www.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/96CCBFD3CB72DD4285257B6B004CD842

MicroCapital Story, May 14, 2013, “MICROCAPITAL BRIEF: IFC, Canadian International Development Agency (CIDA), Atlantic Bank of Belize Extend Effort to Improve Access to Small, Medium-Sized Enterprises, Increase Portfolio to $35m by 2014,”
http://www.microcapital.org/microcapital-brief-ifc-canadian-international-development-agency-cida-atlantic-bank-of-belize-extend-effort-to-improve-access-to-small-medium-sized-enterprises-increase-portfolio-to-35m-by-201/

MicroCapital Story, January 2, 2013, “MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to La Nacional of the Dominican Republic for Housing, Small and Medium-Sized Enterprise (SME) Lending,”
http://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-loans-5m-to-la-nacional-of-the-dominican-republic-for-housing-small-and-medium-sized-enterprise-sme-lending/

MicroCapital Story, December 4, 2012, “MICROCAPITAL BRIEF: BanBif of Peru to Sell $400m in Bonds to Fund Microfinance Loans in 2013,”
http://www.microcapital.org/microcapital-brief-banbif-of-peru-to-sell-400m-in-bonds-to-fund-microfinance-loans-in-2013/

MicroCapital Story, November 17, 2011, “MICROCAPITAL BRIEF: International Finance Corporation (IFC) Mobilizes $40m to Support Peruvian Microfinance Institution Mibanco,”
http://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-mobilizes-40m-to-support-peruvian-microfinance-institution-mibanco/

MicroCapital Universe Profile: International Finance Corporation
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Finance+Corporation+%28IFC%29

MicroCapital Universe Profile: BanBif (Banco Interamericano de Finanzas)
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=BanBif+%28Banco+Interamericano+de+Finanzas%29

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

As of 2011, Chamroeun reported to the US-based Microfinance Information Exchange (MIX) total assets of USD 4.4 million, a gross loan portfolio (GLP) of USD 3.2 million, 27,990 active borrowers, deposits of USD 876,500 from 42,876 depositors, return on assets (ROA) of 2.41 percent and return on equity (ROE) of 8.89 percent.

For the same year, GCAMF reports reported total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.

By Jennifer Young, Research Associate

About the Grameen Credit Agricole Microfinance Foundation (GCAMF)
The Grameen Credit Agricole Microfinance Foundation (GCAMF) was founded in Luxembourg in 2008 by Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh. GCAMF offers financing products to microfinance institutions (MFIs), focusing on MFIs that prioritize rural development, transparency, consumer protection and serving women. As of December 31, 2011, GCAMF reports reported total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.

About Chamroeun Microfinance
Chamroeun is a microfinance institution (MFI) that was established in Cambodia in 1995. The organization’s mission is to help low-income people in urban areas prepare for unexpected expenses by providing savings, loans and microinsurance. The MFI also helps micro- and small entrepreneurs by engaging them in skills trainings. As of 2011, Chamroeun reported to the US-based Microfinance Information Exchange (MIX) total assets of USD 4.4 million, a gross loan portfolio (GLP) of USD 3.2 million, 27,990 active borrowers, deposits of USD 876,500 from 42,876 depositors, return on assets (ROA) of 2.41 percent and return on equity (ROE) of 8.89 percent.

Sources and Additional Resources

[1] Information provided by the Grameen Credit Agricole Microfinance Foundation (GCAMF) to MicroCapital.

MicroCapital Story, March 15, 2013, “MICROCAPITAL BRIEF: Agence Francaise de Developpement (AFD) to Guarantee Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans, Largely in Sub-Saharan Africa,”
http://www.microcapital.org/microcapital-brief-agence-francaise-de-developpement-afd-to-guarantee-grameen-credit-agricole-microfinance-foundation-gcamf-loans-largely-in-sub-saharan-africa/

MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $1.3m to Microfinance Institution Mitra Bisnis Keluarga (MBK) of Indonesia,”
http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-1-3m-to-microfinance-institution-mitra-bisnis-keluarga-mbk-of-indonesia/

MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) to Loan $599k to Oxus Tajikistan,”
http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-to-loan-599k-to-oxus-tajikistan/

MicroCapital Story, November 21, 2011, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia,”
http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-lends-2m-to-microfinance-institutions-hekima-of-congo-findev-of-azerbaijan-chamroeun-tpc-of-cambodia/

MicroCapital Story, January 3, 2011, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Makes $1.8m Local-Currency Loan to Koperasi Mitra Dhuafa (Komida) of Indonesia and Thaneakea Phum Cambodia (TPC), Chamroeun Microfinance of Cambodia,”
http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-makes-1-8m-local-currency-loan-to-koperasi-mitra-dhuafa-komida-of-indonesia-and-thaneakea-phum-cambodia-tpc-chamroeun-microfin/

MicroCapital Universe Profile: Grameen Credit Agricole Microfinance Foundation (GCAMF)
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Credit+Agricole+Microfinance+Foundation

MicroCapital Universe Profile: Chamroeun Microfinance
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CHAMROEUN+MICROFINANCE

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

The members of ECCB include Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

Financial information for ABDB is not publicly available.

By Makai McClintock, Research Associate

Sources and Additional Resources

Caribarena Antigua, “Bankers Provide Feedback,” http://www.caribarena.com/antigua/business/banking/103760-bankers-provide-feedback.html

MicroCapital: January 13, 2012, “MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases 2010 Latin America & the Caribbean Regional Snapshot,” http://www.microcapital.org/microcapital-brief-microfinance-information-exchange-mix-releases-2010-latin-america-the-caribbean-regional-snapshot/

MicroCapital: May 6, 2011, “MICROCAPITAL BRIEF: Spanish Fund for Latin America and The Caribbean (SFLAC), International Finance Corporation (IFC) to Assist Salvadoran Microfinance Institution (MFI) Ahorro y Credito de RL in Developing Savings Product, Building Sustainable Business Plan”, http://www.microcapital.org/microcapital-brief-spanish-fund-for-latin-america-and-the-caribbean-sflac-international-finance-corporation-ifc-to-assist-salvadoran-microfinance-institution-mfi-ahorro-y-credito-amc-de-rl-in/

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