responsAbility Global Microfinance Fund, a microfinance investment vehicle (MIV) operated by Swiss-based social investment company responsAbility Social Investments AG, announced that it would resume the acceptance of applications for shares.
A press release by the company cited improving credit demand in emerging markets and a more stable economic environment as key reasons driving the decision. The fund had suspended new investments indefinitely as of May 26th, 2010 [3].
According to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, responsAbility Global Microfinance Fund has USD 475 million in assets as of 2010.
About responsAbility Global Microfinance Fund:
rAGMF is a microfinance vehicle (MIV) managed by responsAbility that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), mostly through short- to medium-term debt securities. rAGMF also invests up to 10 percent of its assets in the equity of MFIs. In April 2010, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether microfinance investment vehicles actually support the microfinance sector. rAGMF reports to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, that it has USD 474 million in fund assets as of 2010.
By Trevor Kwong, Research Assistant
Sources and Additional Resources:
[1] responsAbility Social Investments: responsAbility funds reopened for subscription
http://www.responsability.com/site/index.cfm?id_art=66396&actMenuItemID=0&vsprache/EN
[2] MicroCapital Universe: responsAbility Global Microfinance Fund:
[3] MICROCAPITAL BRIEF: responsAbility to Stop Issuing Shares for Global Microfinance Fund:
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: Mogo Kenya Borrowing $7m from Verdant Capital Hybrid Fund to Boost Vehicle Ownership
- MICROCAPITAL BRIEF: Annapurna Finance Borrowing $25m from responsAbility to Boost Renewable Energy, Energy-efficiency in India
- MICROCAPITAL BRIEF: ResponsAbility Invests $40m in Equity in eFishery of Indonesia for Technology Helping Fish, Shrimp Farmers with Feeding, Water Quality, Documenting Sustainable Practices, Market Linkages
- MICROCAPITAL BRIEF: Accion, Sturgeon Lead $6.4m Equity Round for Trukkr, Fintech Serving Trucking SMEs in Pakistan
- MICROCAPITAL BRIEF: AIA Commits $200m to LeapFrog Investments Seeking Positive Social, Environmental Impact
