MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Reopens for Subscription
by MicroCapital on Tuesday, December 21, 2010 at 11:39pm
responsAbility Global Microfinance Fund, a microfinance investment vehicle (MIV) operated by Swiss-based social investment company responsAbility Social Investments AG, announced that it would resume the acceptance of applications for shares.
A press release by the company cited improving credit demand in emerging markets and a more stable economic environment as key reasons driving the decision. The fund had suspended new investments indefinitely as of May 26th, 2010 [3].
According to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, responsAbility Global Microfinance Fund has USD 475 million in assets as of 2010.
responsAbility Global Microfinance Fund is a creditor / investor in SEEDFINANCE Corporation.
About responsAbility Global Microfinance Fund:
rAGMF is a microfinance vehicle (MIV) managed by responsAbility that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), mostly through short- to medium-term debt securities. rAGMF also invests up to 10 percent of its assets in the equity of MFIs. In April 2010, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether microfinance investment vehicles actually support the microfinance sector. rAGMF reports to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, that it has USD 474 million in fund assets as of 2010.
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CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
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CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
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