KNOW A MICROFINANCE FUND: European Fund for Southeast Europe (EFSE)

Overview:
The European Fund for Southeast Europe (EFSE) mobilizes capital for microfinance institutions (MFIs).

Description:
The European Fund for Southeast Europe (EFSE) aims to foster economic development in the Southeast Europe region by providing financial services to micro and small enterprises, and to private low income households via qualified local financial institutions. EFSE was set up in 2005, with KfW, a German development bank, as the fund initiator and Oppenheim Asset Management S.à r.l. as the fund manager.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/efse

Organization’s Website:
http://www.efse.lu/

Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 2005
Legal Status: Luxembourg Investment fund (SICAV-SIF)
Fund Assets (as of day/month/year): USD 830 million (as of 31/December/2009)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 420 million (as of 31/December/2009)
Number of MFI Investments (as of day/month/year): 58 (as of 31/December/2009)
Area of Operation: Southeast Europe
Participant(s)/Backer(s)/Investor(s): European Commission, Federal German Ministry for Economic Development and Cooperation (BMZ), the governments of Austria, Switzerland, Denmark and Albania, KfW, IFC, FMO Netherlands Development Bank, European Bank for Reconstruction and Development, European Investment Bank, OeEB Oesterreichische Entwicklungsbank (Development Bank of Austria), Sal. Oppenheim, Deutsche Bank, BN&P Good Growth Fund, ESPA VINIS MICROFINANCE, Finance in Motion and other private investors.br />
Instruments: Loans and Debt Securities, Equity and quasi-equity, Guarantees, Term deposits, Subscriptions to bond issues, Stand-by letters of credit and Technical Assistance
Fund Currency: EUR
Investment Horizon: 10 years (loans and debt securities)
Fund Manager: Oppenheim Asset Management S.à r.l.

Contact Information:
Oppenheim Asset Management Services S.á r.l.
Mr. Johann Will
4, rue Jean Monnet
2180 Luxembourg
Luxembourg
Phone: +352 22 1522 423
Fax: +352 22 1522 9423
johann.will@oppenheim.lu

——————————————————————————–

Additional Resources
Latest Press Releases from EFSE
http://www.efse.lu/news-events/press-releases.html

EFSE Invests USD 10 million Into PJSC MEGABANK of Ukraine (October 2009)
https://www.microcapital.org/microcapital-story-efse-invests-usd-10-milli…

European Fund for Southeast Europe (EFSE) provides EUR 5m Microfinance Loan to ProCredit Bank Albania (July 2009)
https://www.microcapital.org/microcapital-story-european-fund-for-southea…

European Fund for Southeast Europe (EFSE) Provides EUR 20m Loan to Serbia’s Komercijalna Banka (June 2009)
https://www.microcapital.org/microcapital-story-european-fund-for-southea…

European Fund for Southeast Europe (EFSE) Provides EUR 5m Loan to Macedonian Commercial Bank, TTK Banka A.D. Skopje (TTK); Fund will be Used to Provide Microloans to Micro and Small Enterprises (MSEs) in Macedonia (January 2009)
https://www.microcapital.org/microcapital-story-european-fund-for-southea…

European Fund for Southeast Europe (EFSE) Loans $15m to Bosnian-Herzegovinian MFI Partner Microcredit Foundation (August 2008)
https://www.microcapital.org/microcapital-story-european-fund-for-southea…

Austrian Development Bank Oesterreichische Entwicklungsbank Makes $56m Equity Investment in Microfinance Investor European Fund for Southeast Europe (June 2008)
https://www.microcapital.org/microcapital-story-austrian-development-bank…

Moldovan Microfinance Institution (MFI) Microinvest Receives Investments totaling $5.5m from Oikocredit, Soros Economic Development Fund (SEDF), the Balkan Financial Sector Equity Fund (BFSE) and Richard Driehaus (June 2008)
https://www.microcapital.org/microcapital-story-moldovan-microfinance-ins…

European Fund for Southeast Europe (EFSE) Provides €10m in Local Currency to ProCredit Bank Romania (May 2008)
https://www.microcapital.org/press-release-european-fund-for-southeast-eu…

Link to Microcapital Universe Wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Fund+for+Southeast+Europe+%28EFSE%29

Authored by Kenny Kline, Research Associate

Similar Posts: