Press Release: Deutsche Bank Reaches $100 Million Commitment Target for its Client-Centric Microfinance Fund

Tuesday, January 7, 2014

The fund is called Consortium II and its goal is to encourage and facilitate a renewed focus on client service and product innovation in microfinance, while continuing to develop the field of social investing. To date, Consortium II has supported more than 30 client-focused MFIs operating in Eastern Europe, Latin America, and Asia.

In addition to loan capital, Consortium II borrowers have access to technical assistance to improve customer service and achieve Smart Campaign certification for the Microfinance Client Protection Principles, which aims to embed client protection practices into the institutional culture and operations of the microfinance industry.

Source: The Wall Street Journal (link opens in a new window)