Commitment to Action

Global Commercial Microfinance Consortium II

Commitment by

Deutsche Bank Americas

In 2011, Deutsche Bank, along with its partners, committed to establish the Global Commercial Microfinance Consortium II ('Consortium II'), a $100 million, seven-year fund that seeks to support microfinance institutions (MFIs). This fund will invest in MFIs demonstrating a strong commitment to 'client care,' including client protection, customer service, and product innovation, particularly in the area of housing microfinance. Consortium II will provide: (1) senior and subordinated debt to MFIs pursuing high standards of client care and (2) technical assistance, through partnership with a housing microfinance expert organization, to MFIs expanding housing microfinance products. In launching Consortium II, Deutsche Bank and its partners are structuring a financial vehicle that will highlight, fund, and support those MFIs that are leading the way in ensuring that the focus of the microfinance industry remains on the customer.

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Overview
Summary

Commitment

Global Commercial Microfinance Consortium II

Launched

2011

Est. Duration

7 years

Estimated Total Value

$100,000,000

Region

Asia, Latin America & Caribbean

Countries

AZERBAIJAN, BOLIVIA, CAMBODIA, ECUADOR, GEORGIA, HONDURAS, INDIA, KAZAKHSTAN, KENYA, Kyrgyz Republic

Commitment by

Deutsche Bank Americas

Partner(s) of the Commitment Maker(s)

D.Light Design, Sida, The Smart Campaign, Indian School Finance Company, Mexvi, Co-operative Bank of Kenya