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        ACCESS MICROFINANCE HOLDING

        Signature(s)

        Amount
        € 3,460,000
        Sector(s)
        Services : € 3,460,000
        Signature date(s)
        20/10/2006 : € 3,460,000

        Summary sheet

        Release date
        2 May 2006
        Status
        Reference
        Under appraisal | 02/05/2006
        20050463
        Project name
        Promoter - financial intermediary
        Access Microfinance Holding
        LFS Financial Systems GmbH
        Linienstr. 126
        D-10115 Berlin
        For the attention of: Dr. Bernd Zattler, Managing Director
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 4 million.
        Not Applicable.
        Location
        Sector(s)
        Description
        Objectives

        Equity investment in regional holding company with a total share capital of EUR 20 million incorporated in Germany, and dedicated to the creation and acquisition of commercially sustainable microfinance institutions (MFIs).

        Achieving a social return through the deployment of equity or convertible debt to new or existing MFIs in developing countries as well as a commercially acceptable return in the microfinance area.

        Environmental aspects
        Procurement

        Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.

        Not Applicable.

        Comments

        Financial Sector

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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