MICROCAPITAL BRIEF: responsAbility Loans $4.4m to Profinanzas of Peru, Coomuldesa of Colombia, the Mexican Arms of ProCredit and ProMujer

responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance, recently reported to MicroCapital that it made debt investments totaling the approximate equivalent of USD 4.4 million through microinvestment vehicles (MIVs) it manages to Profinanzas of Peru, Coomuldesa of Colombia and the Mexican arms of ProCredit and ProMujer. responsAbility Mikrofinanz-Fonds (Mikrofinanz-Fonds), an MIV that invests in microfinance institutions (MFIs) and other MIVs through short- to medium-term debt securities, loaned the equivalent of USD 500,000 in local currency to Profinanzas and USD 500,000 in local currency to Coomuldesa of Colombia. responsAbility Global Microfinance Fund (rAGMF), another MIV managed by responsAbility, loaned amounts equivalent to USD 1.0 million to Profinanzas, USD 1.2 million to ProCredit Mexico and USD 500,000 to Coomuldesa, all in their respective local currencies. ProCredit Mexico is an affiliate of ProCredit Holding of Germany, which reported assets equivalent to USD 6.8 billion and a gross loan portfolio equivalent to USD 4.8 billion as of December 31, 2010. responsAbility Microfinance Leaders Fund (rAMLF), an MIV that invests in MFIs through debt securities and up to 25 percent in equity investments, loaned amounts equivalent to ... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.