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ProCredit Holding AG & Co. KGaA

Equity : December 2004

BIO has invested € 3 M in equity in Procredit Holding, which supports SME banks in Eastern Europe and Ecuador.

Amount

€ 3,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion

Beneficiary locations

Africa:
Asia:
Latin America and Caribbean:
Middle East:

Investment field

Financial Institutions

Activity

KK.64.191  Microfinance institution

Organisation

ProCredit Holding AG & Co. KGaA

Domicile

Germany

More investments in

ProCredit Holding AG & Co. KGaA

  • Equity € 4,200,000.00 (2002)

ProCredit Holding is an investment company that supports SME banks in Eastern Europe and Ecuador. Its mission is to provide financial services to SMEs and low-income individuals which are excluded from the formal banking sector.

Development impacts

  • Local economic growth

    Procredit invests in local microfinance institutions. In addition, MFIs provide small local entrepreneurs with a stable and relatively cheap source of finance. The target sector is small and micro enterprises (maximum 10 persons employed).

  • Financial inclusion

    MFIs also offer other financial services to the local low-income population, such as the possibility of opening current accounts or term deposits, or making national and international payments. Around 180,000 clients currently use these services.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

NovoBanco

Mozambique

Formed in 1999, NovoBanco has 4 branches.

Confia

Nicaragua

Confia was formed in early 2000 from the merger between the private financial institution financiera, Interfin, and the NGO, Fundación Chispa.

Micro Credit National

MCN is a Haitian MFI

Financiera Caja Los Andes

Bolivia

Caja Los Andes was formed from the NGO ProCredito in 1995. it has 13 branches and a staff of over 300.

Sakaman Savings & Loans Compan

Ghana

SSLC began operations in June 2001.

Micro Enterprise Bank

Philippines

MEB began operations in 2001 in Davao.

Sociedad Financiera Ecuatorial

Ecuador

SFE began operations on 2001.

Financiera Calpia

El Salvador

The Financiera Calpia dates back to 1995, when it became the first formal microfinance institution in El Salvador.

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