ProCredit Holding AG & Co. KGaA

Equity : October 2002

BIO has invested EUR 4.2 M in equity in Procredit Holding, a microfinance institution active in Africa, Latin America and Asia.

Amount

€ 4,200,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Asia: Philippines
Latin America and Caribbean: Bolivia, Ecuador, El Salvador, Nicaragua
Sub-Saharan Africa: Ghana, Mozambique

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 € 3,000,000.00 (2004)

The purpose of Procredit holding is to invest, mainly through direct equity, in microfinance institutions (MFIs) in developing countries and economies in transition.

Development impacts

  • Local economic growth

    Procredit invests in local microfinance institutions, which provide small local entrepreneurs with a stable and relatively cheap source of finance. The target sector is small and micro enterprises (maximum 10 employees). MFIs also offer other financial services to the local low-income population, such as the possibility to make national and international payments.

  • Private sector consolidation/innovation

    Training of local staff organized by procredit academy.

    Novel type of institution for the country or region.

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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