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Reference: 20120055
Release date: 2 May 2012

Promoter – Financial Intermediary

LFS FINANCIAL SYSTEMS GMBH

Location

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).

Related tags

Africa, Caribbean and Pacific Services