Release date: 2 May 2006
Promoter – Financial Intermediary
LFS Financial Systems GmbHLinienstr. 126
D-10115 Berlin
For the attention of: Dr. Bernd Zattler, Managing Director
Location
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)
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 - 2/05/2006
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).