LFS Financial Systems GmbH Linienstr. 126 D-10115 Berlin For the attention of: Dr. Bernd Zattler, Managing Director
Location
ACP States
Description
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).
Objectives
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.
Comments
Financial Sector
Sector(s)
Services
Proposed EIB finance (Approximate amount)
Up to EUR 4 million.
Total cost (Approximate amount)
Not Applicable.
Environmental aspects
Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.
Procurement
Not Applicable.
Status
Under appraisal
-
02/05/2006.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Financial Sector