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The EFSE aims to foster economic development and prosperity in the Southeast Europe Region and the European Eastern Neighbourhood Region, through the sustainable provision of additional development finance.
The EFSE is more than just a fund: Its public-private partnership structure represents an international role model for an intelligent and innovative development policy in the 21st century. It not only brings together public and private investors, it also provides a platform for the coordination of donor activities in its target regions. This pooling of resources multiplies the impact of budget funds towards a common goal – to promote responsible financial sector development in Southeast Europe and the European Eastern Neighbourhood Region and ensure micro and small enterprises and low-income private households have sustainable access to financial services.
The EFSE also has a Development Facility endowed with grants to enable technical assistance, consulting and training measures to strengthen financial institutions in the region. It aims to enhance the long-term development impact of the Fund’s investments.
Visit us at www.efse.lu or follow us on @efsefund.
The EIB Group: At the forefront of supporting microfinance
The European Investment Bank Group (EIB Group) is a major player in the field of financing and supporting the development of a sustainable and responsible microfinance sector worldwide.
The European Investment Bank (EIB) is the EU bank, owned by the 28 EU Member States. It is the largest multilateral borrower and lender by volume, and provides finance and expertise for sound and sustainable investment projects that contribute to furthering EU policy objectives. In the area of financial inclusion, EIB supports financial institutions, fund managers, capacity building service providers and other industry stakeholders in addressing specific market failures and promoting sustainable and responsible finance for smaller businesses and low-income households both in emerging countries and in Europe.
As part of the EIB Group, the mission of the European Investment Fund (EIF) is to facilitate access to finance for European micro-enterprises, SMEs and mid-caps. It develops, promotes and implements equity and debt financing instruments which specifically target the needs of this segment, mainly in EU Member States. EIF is since 2015 manager of EaSI, a central EU mandate in the field of microfinance and social entrepreneurship that is implemented with a full spectrum of financial instruments – debt, equity and guarantees.
The EIB Institute complements the actions of the EIB Group in the area of microfinance, mainly through grants and sponsorships. The Institute promotes conferences and other initiatives and supports higher education and research enabling the development of microfinance in Europe and beyond.
Jointly, we help create jobs and address local needs by tackling market gaps in the supply of financial services to micro-borrowers.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise, and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments and offers professionally-managed investment solutions to private, institutional and public investors. The company’s investment solutions supply debt and equity financing predominantly to non-listed firms in emerging and developing economies. Through their inclusive business models, these firms help to meet the basic needs of broad sections of the population and to drive economic development – leading to greater prosperity in the long term.
responsAbility currently has USD 3.2 billion of assets under management, invested in over 550 companies across 96 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number 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
Since 2005, Symbiotics has originated debt financing transactions for more than USD 3.3 billion, reaching out to over 300 financial institutions (MFIs) and financial institutions in more than 70 emerging economies. In Europe & Central Asia, Symbiotics is currently active in 15 countries, financing more than 40 financial institutions through an outstanding loan portfolio of over USD 185 million.
Symbiotics has offices in Geneva, Zurich, London, Mexico City Singapore and Cape Town and currently employs more than 90 professionals from over 30 different countries. The company’s team of investment analysts has visited and analyzed more than 850 microfinance institutions and financial institutions of which over 200 benefit from its investment platform today.
The company has an independent board of directors and a wide shareholder base, ensuring sound corporate governance.
Software Group is a global technology company that is specialized in delivery channel and integration solutions for all institutions that provide financial services. Founded in 2009 and headquartered in Sofia, Bulgaria, it currently serves a worldwide client base in more than 65 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines and the USA. The company’s vision is to accelerate financial inclusion by creating cutting-edge technology solutions. Some of Software Group’s customers are organizations such as Bill & Melinda Gates Foundation, International Finance Corporation (IFC), Asian Development Bank, Asian Confederation of Credit Unions (ACCU), Financial Sector Deepening (FSD), 7 of the top 10 Microfinance networks (Finca, OI, VFI, Accion, Hope International, Microcred, ReAll), Bank South Pacific, National Bank of Vanuatu, Fullerton Financial Services Holding, Fidelity Bank Ghana, LAPO Nigeria, Access Holding, Grameen Koota Financial Services etc.
ASPEKT is a Software Development and IT Consulting Company, delivering solutions and services for financial industry, with niche focus on microfinance. Identifying cases where MFIs with excellent performance and development had experienced business failures, frauds and other crisis as a lack of adequate, reliable and quality software, influencing MFIs performance and financial stability, ASPEKT utilized it to aggregate benchmarks for microfinance software solution. Deployment of flexible and adaptable software for growth-oriented microfinance institutions, achieving its social mission in a sustainable and efficient way, is the key for a successful growth, through increasing efficiency on business processes, mitigating risks and having high operational and management control. By serving borrowers faster with unified, flexible and scalable solution, ASPEKT assists MFIs into helping vulnerable social categories.
BlueOrchard Finance Ltd. is one of the world's leading impact investment managers and is specialized in fostering inclusive finance and sustainable growth. BlueOrchard was founded in 2001 by initiative of the UN as the first commercial manager of microfinance debt investments worldwide. To this day, the company has invested close to USD 3.5bn in institutions across 70 emerging and frontier markets, providing access to financial and other services to 30 million individuals at the bottom of the pyramid. BlueOrchard-managed funds drive attractive double-bottom line returns for private and institutional investors, supranational institutions as well as renowned foundations. BlueOrchard Finance Ltd is a licensed asset manager authorized by the FINMA and its Luxembourg entity is a licensed alternative investment fund manager (AIFM) authorized by CSSF.
Deutsche Asset Management: Alternatives, Sustainable Investments
Deutsche Asset Management’s sustainable investing business focuses primarily on private debt and equity-type investments around the world, complementing the firm’s liquid sustainability-related strategies. As part of the Alternatives platform, the business seeks to generate viable financial returns and real social and environmental outcomes from its investments. It is organized around four components: Environmental Social Capital (ESC) strategies; Developmental Finance; Global Clean Technology investing; and Global Social Finance strategies. The Global Social Finance strategies mobilize impact capital to finance emerging-market-focused microfinance institutions, social enterprises and projects that directly benefit poor and underserved communities. With €1.6 billion in assets under management as of December 31, 2016, the sustainable investing business seeks to create investable products for development banks, governments, institutional and, potentially, private investors who share common investment objectives around specific themes.
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Frankfurt School of Finance & Management (Frankfurt School) is a leading private business school and advisory institute in Germany with more than 50 years of experience in consulting, qualification and training services in all areas of banking and finance. With an impressive portfolio of services – ranging from degree courses to Executive Education Programmes, from research projects to consultancy – Frankfurt School acts as an adviser, a catalyst and an educational partner to companies and organizations, to individuals embarking on new careers, and to experienced executives.
Frankfurt School looks back on more than 20 years of expertise in the field of development finance and combines real world experience with academic excellence. Frankfurt School’s International Advisory Services has successfully implemented more than 500 projects in more than 120 countries, e.g. in Ghana, Nigeria, Senegal, China, Bolivia, India, and many more. IAS Products and Services include development and implementation of customised technical assistance measures to support commercial banks and MFIs in a wide range of areas, such as: product development, strategic management, implementation of international credit lines, change processes
Via the FSDF e-Campus, Frankfurt School offers a growing portfolio of development finance online programmes such as certification courses in several languages covering different topics such as microfinance, Islamic microfinance, microinsurance, SME finance, risk management, climate & renewable energy finance, Climate Adaptation Finance, and Financial and Managerial Accounting.
Frankfurt School’s brand new online programme is an affordable part-time postgraduate programme, the ‘Online Master of Leadership in Development Finance’. This low-bandwidth compatible and internationally recognized Programme is targeted specifically at professionals interested in boosting their career in development finance. Students can follow from home a high class programme alongside their full time job and benefit from a tailor made qualification that is customized to push their career in financial institutions such as microfinance institutions, NGOs, SME Banks, and international organizations like World Bank, and many others. Students will not miss the opportunity to network with peers from all around the world either through an interactive discussion forum or through and social media groups.
For more information:
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 active impact investor, managing investment funds in sectors such as Energy & Climate, Inclusive Finance and Sustainable Food & Agriculture, with combined assets of EUR 3.3 billion. Since 1994, its assets under management in inclusive finance have increased to over EUR 800 million, making it one of the leading investors in the industry. The Triodos inclusive finance funds provides finance – both debt and equity - to more than 100 upcoming and well-established financial institutions in 45 countries. They hold equity stakes in 20+ financial institutions and actively contribute to the governance of these institutions.
Triple Jump manages and advises funds that aim to invest responsibly in developing countries. Our focus is on excluded segments of society in these countries, where we improve livelihoods by managing and advising on responsible investment funds. Micro and small & medium sized enterprises are at the centre of our continual development and improvement of an inclusive financial sector.
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Info Studio d.o.o. Sarajevo is established at 1996 and we are one of the leading companies in Bosnia and Herzegovina in developing and implementing business software solutions.
Info Studio strategic development is focused on:
- Integrated web-based information systems for:
- banking and microcredit sector
- public sector
- production-commercial sector
- Data Warehouse and Business Intelligence Solutions
- Business Process Management Solutions
- Document Management Solutions
- Advanced Technologies (Big Data, Machine Learning, Artificial Intelligence, …)
We are continually investing in knowledge of our employees and in adopting of new technologies. Mostly of our staff have or are a step away from a master or PhD degree and company is on way to become an Oracle Specialized Partner in several fields. Our employees are certified for Oracle ADF, Java, Oracle BPM, Oracle SOA, Oracle BI, Oracle PL/SQL, Oracle DB, CISCO Networking and Network Management, etc.
All of our products are Cloud Ready and certified for Oracle Platform as a Services (PaaS).
Oradian provides cloud banking software for MFIs, cooperatives and savings groups that serve mass markets of underserved clients. Its SaaS solution, Instafin, enables financial institutions to know and control their portfolios, so they can transform inefficiencies into operational excellence, limited data into informed decision-making, and stagnancy into growth.
Oradian is headquartered in Zagreb (Croatia) with offices in London (UK), Lagos (Nigeria), Accra (Ghana), Johannesburg (South Africa) and Manila (Philippines). It is recognised as a fintech leader in the microfinance industry, with awards from Digital Finance Plus, Central European Startup, Beacon of Information and Communications Technology, Wired Money and many more.
Workshop 1d: Local Currency Financing: FX Risks & Hedging Solutions
The Currency Exchange Fund (TCX) is a special purpose fund that provides financial derivatives to hedge currency and interest rate risk in frontier and emerging markets. TCX acts as a market-maker, pricing swaps and forwards for currencies and/or maturities not covered by commercial banks or other financial institutions. TCX is often the only provider of long-term hedging solutions in emerging countries’ capital markets.
Currently, TCX manages a USD 1.4 billion portfolio of long positions in 47 currencies worldwide. In Europe & Central Asia, TCX offers hedging solutions for 15 currencies, providing in most cases both fixed and floating rates for maturities up to 10 years.
TCX’s hedging solutions protect both borrowers and lenders from currency risk, while supporting a more sustainable development of local financial and capital markets.
TCX’s shareholders include highly reputable institutional investors such as the Dutch and the German governments, FMO, EBRD, IFC, KfW, JBIC, Cofides, AFD/Proparco, EIB, AfDB, IDB and BIO. Furthermore, TCX provides its services to funds managed by private impact investment managers such as Blue Orchard, Triple Jump, Symbiotics and Finance in Motion.