PRESS RELEASE: Deutsche Bank Marks Milestone for USD $83 Million Microfinance Fund

Monday, March 2, 2015

NEW YORK–(BUSINESS WIRE)– Deutsche Bank’s Global Social Finance Group today announced the conclusion of the seven-year investment term, and the release of an assessment report, for its innovative USD 83 million microfinance fund (the Fund). The Fund provided financing to 21 microfinance institutions (MFIs) in 15 countries, enabling them to transition into more resilient, sophisticated and client-responsive financial institutions.

Through subordinated debt financing, the Fund helped the MFIs achieve institutional strengthening and portfolio growth, along with a more diverse offering of services at a lower cost. Subordinated, long-term debt is particularly meaningful to MFIs that are seeking to strengthen and leverage their balance sheets for growth and, in some instances, in order to qualify as formally regulated institutions.

Source: Insurance News (link opens in a new window)

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banking, lending, microcredit, microfinance