responsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments AG (responsAbility), recently reported to MicroCapital that it has loaned the equivalent of USD 2.8 million to four microfinance institutions (MFIs) in Cambodia and Indonesia. responsAbility is an investment company based in Switzerland that invests in MFIs and other MIVs.
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MICROCAPITAL STORY: responsAbility Global Microfinance Fund (rAGMF) Makes Loans to Caritas del Peru, MiBanco of Peru, Proempresa of Peru and FIELCO of Paraguay in March 2009 totaling $10.5m
In March 2009, responsAbility Global Microfinance Fund (rAGMF) reported four loans to the Consultative Group to Assist the Poor (CGAP) Microfinance Dealbook, a monthly report on microfinance capital market transactions. responsAbility is a Switzerland-based asset management firm that connects social investors with microfinance institutions (MFIs). Three loans were made to Peruvian MFIs Caritas del Peru (USD 500,000), MiBanco (USD 7.5 million) and to Proempresa (USD 1 million (in local currency)). A Loan was also granted to FIELCO of Paraguay of USD 1.5 million. These loans were made through responsAbility’s Global Microfinance Fund (rAGMF) which invests either directly in MFIs or indirectly through microfinance investment vehicles.
MICROCAPITAL STORY: responsAbility Global Microfinance Fund (rAGMF) of Luxembourg Lends a Total of $3.25m to the Foundation for International Community Assistance (FINCA) in Azerbaijan, Kyrgyzstan, and Georgia
The Consultative Group to Assist the Poor (CGAP) reports in its list of recent transactions that the responsAbility Global Microfinance Fund (rAGMF) financed USD 750,000 in loans to the Foundation for International Community Assistance Azerbaijan (FINCA Azerbaijan) on February 27, 2008, USD 1 million to FINCA MicroCredit Company (FMCC) of Kyrgyzstan on March 17, 2008, and USD 1.5 million to FINCA Georgia on March 19, 2008. The transaction to FINCA Azerbaijan is not to be confused with a separate responsAbility Microfinance Leaders Fund (rAMLF) loan taking place on the same date for the exact same amount, which was reported on by MicroCapital here.
MICROCAPITAL BRIEF: ANZ Royal Bank, Microfinance Institution (MFI) Hattha Kaksekar Limited (HKL) to Share Branches, ATMs
ANZ Royal Bank (ANZ), a joint venture between the Australia and New Zealand Banking Group Limited (ANZ Group) and the Cambodian Royal Group of Companies, and Hattha Kaksekar Limited (HKL), a Cambodian microfinance institution (MFI), reportedly have entered into a partnership to offer a wider range of financial service products to the clients of the two institutions.
MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos
The Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International, has announced that it has raised USD 48 million in a second round of investments [1].
MICROCAPITAL BRIEF: ResponsAbility loans $1.2m to Caja Municipal de Ahorro y Credito de Maynas of Peru, Disburses First Tranche of $15m Loan to Vision Fund International
ResponsAbility Social Investments, a for-profit Swiss fund manager, recently informed MicroCapital that it has loaned the local-currency equivalent of USD 1.2 million as subordinated debt to Caja Municipal de Ahorro y Crédito de Maynas, a Peruvian microfinance institution (MFI).
MICROCAPITAL BRIEF: responsAbility Social Investments Loans $8m to Prasac of Cambodia, $1m to ASKI of the Philippines
ResponsAbility Social Investments, a for-profit Swiss fund manager, recently disbursed USD 8 million in debt to Prasac, a microfinance institution (MFI) in Cambodia.
MICROCAPITAL BRIEF: ResponsAbility Social Investments Loans $1.5m to AccessBank Tanzania, $1.3m to EKI of Bosnia and Herzegovina
ResponsAbility Social Investments, a Swiss investment company, recently informed MicroCapital that it has loaned USD 1 million through the responsAbility Global Microfinance Fund (rAGMF), one of the microfinance investment vehicles (MIVs) it manages, to AccessBank Tanzania, a commercial bank established as part of Germany’s AccessHolding in 2007.
MICROCAPITAL BRIEF: ResponsAbility Funds Invest $2m in ProEmpresa of Peru, $1.5m in COAC Progreso of Ecuador
ResponsAbility Social Investments, a Swiss investment company, recently informed MicroCapital that it has disbursed the local-currency equivalent of USD 1.3 million in debt to ProEmpresa, a Peruvian microfinance institution (MFI), through the responsAbility Global Microfinance Fund (rAGMF), one of the microfinance investment vehicles (MIVs) it manages.
MICROCAPITAL BRIEF: ResponsAbility Invests $1.9m in Advans of Cameroun, $1.2m in MicroCred of Senegal
ResponsAbility Social Investments, a Swiss investment company, recently disbursed the approximate equivalent of USD 1.9 million in subdebt to Advans Cameroun and the equivalent of USD 1.2 million in debt to MicroCred Senegal.
MICROCAPITAL BRIEF: ResponsAbility Invests $5m in Chase Bank Kenya, $1.25m in KWFT of Kenya, $1.2m in FINCA Microfinance Holding of USA
ResponsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments of Switzerland, recently loaned USD 5 million to Chase Bank of Kenya.
MICROCAPITAL BRIEF: ResponsAbility Loans $5.3m to ProCredit Mexico, COAC Riobamba of Ecuador
ResponsAbility Social Investments, a Swiss investment company, has informed MicroCapital that it recently disbursed the local-currency equivalent of approximately USD 3.7 million in Latin America.
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.
MICROCAPITAL BRIEF: ResponsAbility Invests $1.7m in Russian Microfinance Institution Forus Bank
ResponsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 1.7 million in debt to Russian microfinance institution (MFI) Forus Bank.
MICROCAPITAL BRIEF: ResponsAbility Loans $10m to Rafiki Deposit Taking Microfinance of Kenya, Mibanco of Peru
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached four investment deals with micro banks in Kenya and Peru.
MICROCAPITAL BRIEF: ResponsAbility Reaches Deals Totaling $1.5m with Advans Cameroun, PRIDE of Tanzania
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached investment deals with Advans Cameroun, a microfinance institution (MFI) based in Cameroon, and Promotion of Rural Initiative and Development Enterprises Limited (PRIDE), an MFI based in Tanzania.
MICROCAPITAL BRIEF: ResponsAbility Invests $6.3m in Financiera Crear of Peru, Ecofuturo of Bolivia
ResponsAbility Social Investments, a Swiss investment company, recently issued loans totaling USD 6.3 million to microfinance institutions (MFIs) in Peru and Bolivia.
MICROCAPITAL BRIEF: responsAbility Loans $3.3m to Microfinance Institutions D-Miro of Ecuador, Fielco of Paraguay, Nueva Vision of Peru
ResponsAbility Social Investments, a Swiss investment company, recently completed three investment deals with microfinance institutions (MFIs) in Ecuador, Paraguay and Peru.