Posts Tagged ‘EFSE’

Microfinance Focus, October 1, 2010: The European Fund for Southeast Europe (EFSE) has provided its first loan of USD 5 million to ARARATBANK, an Armenian Bank for on-lending to micro, small and medium-sized enterprises (MSMEs) especially in remote and rural areas in Armenia.  This is EFSE’s second investment in Armenia since it started operations in the country in December 2009. The loan is provided under the ... Full story

Microfinance Focus, Sep 24, 2010: The development finance fund European Fund for Southeast Europe (EFSE) has signed a loan agreement with Raiffeisenbank Bank of Bulgaria on Thursday, providing the Bank with EUR 20 million to be used for on-lending to lower income private households in Bulgaria to finance housing improvements, renovations, enlargements, reconstruction as well as home purchases. It is EFSE’s first loan agreement with ... Full story

Microfinance Focus, June 10, 2010: During its annual meeting in Macedonia, The European Fund for Southeast Europe (EFSE) has yesterday entered into loan agreements with six Southeast European financial institutions. The banks will use the proceeds of the EFSE loans to expand financing of investments and working capital of local micro and small enterprises (MSEs).These institutions are Armenia’s Converse Bank, Azerbaijan’s Bank Respublika, Belarus’ Belgazprombank ... Full story

Microfinance Focus, Dec. 21, 2009: The European Fund for Southeast Europe (EFSE) will expand its operations to Armenia, Azerbaijan, Georgia and Belarus. The EFSE aims to provide financing for 70,000 micro and small enterprises (MSEs) in these countries through local banks and microfinance institutions, the EFSE announced in a statement. This is expected to cost €300 million. “Micro and small enterprises play a crucial role in ... Full story

By Matthew Fuchs Microfinance Focus, Dec. 16, 2009: Microfinance investment vehicles (MIVs) remain "largely de-correlated" from other capital markets, a study of by LuxFlag of MIV performance during the economic crisis has found. Despite a slowing down in the pace of investment and an increase in cash positions, these MIVs have demonstrated resilience, posting positive though relatively low returns during the global economic crisis. Despite some low ... Full story