"ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached six investment deals with three microfinance institutions (MFIs)in Africa. Two loans each were disbursed to Kenyan Women Finance Trust (KWFT), a Kenyan MFI; MicroCred Ivory Coast, an MFI affiliated with MicroCred Group of France; and Promotion of Rural Initiative and Development Enterprises Limited (PRIDE), an MFI based in Tanzania.
ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by ResponsAbility Social Investments, invested USD 800,000 in KWFT, the local-currency equivalent of USD 331,488 in Microcred Ivory Coast, and USD 250,000 in PRIDE. The Responsibility Global Finance Fund (rAGMF), an MIV also managed by ResponsAbility Social Investments, reached investment deals with KWFT for USD 4.2 million, MicroCred Ivory Coast for the local-currency equivalent of USD 1.3 million, and PRIDE for USD 750,000..."
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