Access Microfinance Holding AG AccessHolding, responsAbility Investments AG responsAbility, Triodos Investment Management BV Triodos and VisionFund International VisionFund announce that the sale of VisionFund’s microfinance institution in Georgia, Credo, Credo, to a consortium of social impact investors comprising AccessHolding and funds managed or advised by responsAbility and Triodos, has taken place following approval by the National Bank of Georgia.
AccessHolding was established in 2006 by a group of reputable international investors from the public and private sectors. It operates a network of nine banks and MFIs, including in Azerbaijan and Tajikistan. AccessBanks focus on the target group of micro, small and medium-sized enterprises. In total, the AccessBank network employs more than 7,000 staff and manages a loan portfolio exceeding USD 1.4 billion and customer deposits of around USD 0.6 billion.
For more details please visit: www.accessholding.com
responsAbility Investments AG is one of the world’s leading independent asset managers specializing in development-related sectors of emerging economies. They comprise the areas of finance, agriculture, energy, healthcare and education. responsAbility provides debt and equity financing to non-listed companies with business models that target the lower-income section of the population and can thus drive economic growth and social progress. responsAbility offers professionally-managed investment solutions to both institutional and private investors.
Founded in 2003, responsAbility currently has USD 2.2 billion of assets under management, which are invested in 500 companies in 90 countries. responsAbility is headquartered in Zurich and has local offices in Paris, Lima, Mumbai and Nairobi. Its shareholders include a broad range of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA. Further information is available at www.responsAbility.com
About Triodos Investment Management
Triodos Investment Management is a wholly owned subsidiary of Triodos Bank, one of the world’s leading sustainable banks. Triodos Investment Management is a globally recognised leader in impact investing, managing investment funds in different sustainability themes ranging from renewable energy, to sustainable real estate and inclusive finance in emerging markets, with combined assets of EUR 2.5 billion at year-end 2013. Since 1994, its assets under management in inclusive finance have increased to over EUR 550 million, making it one of the leading investors in the industry. Through specialised funds Triodos Investment Management provides finance – both debt and equity - to 112 upcoming and well-established financial institutions in 44 countries. They hold equity stakes in 22 financial institutions; senior staff of Triodos Bank join the Board of Directors and actively contribute to the governance of these institutions. For more details please visit www.triodos.com