MICROCAPITAL BRIEF: ResponsAbility Invests $100k in Bank Eskhata of Tajikistan, $1.5m in Mitra Bisnis Keluarga (MBK) Ventura of Indonesia

ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 100,000 in debt to Bank Eskhata of Tajikistan. ResponsAbility Global Microfinance Fund (rAGMF), another MIV that invests in microfinance institutions and other MIVs, made a local-currency debt investment equivalent to USD 1.5 million to Mitra Bisnis Keluarga (MBK) Ventura of Indonesia.

As of December 31, 2010, Bank Eskhata reported to the US nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 78.3 million, a gross loan portfolio of USD 47.4 million, return on assets (ROA) of 2.62 percent, return on equity (ROE) of 22.5 percent and approximately 9,500 active borrowers. As of 30 June 2012, MBK Ventura reported to MIX total assets of USD 39 million, a gross loan portfolio of USD 34.2 million and 322,000 clients. It had an ROA of 1.89 percent and an ROE of 11.8 percent. As of September 2011, responsAbility reported total assets under management of approximately USD 1 billion. rAGMF reported to MIX assets of USD 532 million, and Mikrofinanz-Fonds reported assets of USD 141 million for the same year.

By Mihaela Grindeanu, Research Associate

About Mitra Bisnis Keluarga (MBK) Ventura: Mitra Bisnis Keluarga (MBK) Ventura is an Indonesian microfinance institution that was established in 2006. It has the vision of raising the living standards of lowest-income quartile of the population in Indonesia by providing access to micro and small working capital loans to households, particularly in rural areas. As of 30 June 2012, MBK Ventura reported total assets of USD 39 million, a gross loan portfolio of USD 34.2 million and 322,000 clients. It had a return on assets of 1.89 percent and a return on equity of 11.83 percent.

About Bank Eskhata: Established in 1993 in Tajikistan, Bank Eskhata is a commercial bank that provides loans, savings and fund transfer services. As of December 31, 2010, Bank Eskhata reported to MIX total assets of USD 78.3 million, a gross loan portfolio of USD 47.4 million, return on assets (ROA) of 2.62 percent, return on equity (ROE) of 22.5 percent and approximately 9,500 active borrowers.

Sources and Resources:

Information submitted by responsAbility to MicroCapital

MicroCapital story, March 16, 2012: “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Guarantees Half of $2.7m From Standard Chartered Bank to Mitra Bisnis Keluarga (MBK) Ventura of Indonesia”, https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-guarantees-half-of-2-7m-from-standard-chartered-bank-to-mitra-bisnis-keluarga-mbk-ventura-of-indonesia/

MicroCapital story, March 14, 2012: “MICROCAPITAL BRIEF: responsAbility Loans $1.5m to Constanta of Georgia, $2.5m to Eskhata of Tajikistan”, https://www.microcapital.org/microcapital-brief-responsability-loans-1-5m-to-constanta-of-georgia-2-5m-to-eskhata-of-tajikistan/

MicroCapital Universe Profile: Bank Eskhata, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bank+Eskhata

MicroCapital Universe Profile: Mitra Bisnis Keluarga (MBK) Ventura, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mitra+Bisnis+Keluarga+Ventura+%28MBK%29

MicroCapital Universe Profile: responsAbility Social Investments, http://microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility

MicroCapital Universe Profile: responsAbility Global Microfinance Fund, http://microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Global+Microfinance+Fund+%28rAGMF%29

MicroCapital Universe Profile: responsAbility Mikrofinanz-Fonds, http://microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Mikrofinanz-Fonds

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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