Release date: 2 May 2012
Promoter – Financial Intermediary
LFS FINANCIAL SYSTEMS GMBHLocation
Description
Participation in the capital increase of Access Microfinance Holding AG in order to continue supporting the expansion of its network of microfinance banks and their development. AccessHolding, in which EIB is a shareholder since 2006, is a German-domiciled microfinance investment holding company operating a network of seven microfinance banks, five of which are located in African Caribbean and Pacific countries.
Objectives
AccessHolding's aim is to build a network of 12 to 15 microfinance banks worldwide concentrating on lower to middle income countries.
Comments
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 130 million
Environmental aspects
na
Procurement
na
Status
Signed - 21/06/2012
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).