BRS Microfinance Coop (investments)

Start Year:
2016
End Year:
2019
Country:
Nicaragua
Oost-Timor
Ecuador
Cambodia
India
Indonesia
Philippines
Guatemala
Ivory Coast
Region:
America
Asia
Africa
Intercontinental
Budget (€):
11
Budget range (€):
> 1.000.000
CEDP Organisation: Lead Organisation(s):
BRS
Cera
KBC
Partners:
Microfinance Foundation (FUNDESER)
KIF
Insotec
LOLC
Fusion
Komida
One Puhunan
Vision Fund Guatemala
MicroCred Côte d’Ivoire

Project Objectives

BRS Microfinance Coop invests through loans or loans capital in specialized microfinance organizations in Africa, Latin America and Asia. This cooperative is a joint initiative of BRS vzw, KBC and Cera. At the end of 2017 their contribution to the capital was 12.1 million euros.
Since October 27, 2016, individuals can subscribe to the cooperative A shares. In 2017 1061 associates had subscribed to a capital of € 3,117,500. At 31.12.2017 the capital of BRS was Microfinance Coop 15,277,500 euros.
On 31.12.2017 BRS Microfinance Coop had 11.0 million euros of outstanding loans in 9 MFIs. These institutions reach jointly 1.5 million customers.
The investment committee of BRS Microfinance Coop evaluates the microfinance institutions on their financial and social performance. In 2017 started the collaboration with MFX Solutions.
This makes it possible to grant loans in multiple local currencies which ensures that the MFIs don't have to take the financial risk that goes along with exchange rates.

Summary

BRS Microfinance Coop invests through loans or loans capital in specialized microfinance organizations in Africa, Latin America and Asia. This cooperative is a joint initiative of BRS vzw, KBC and Cera.

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Contact

Cooperatives Europe
Avenue Milcamps 105
B - 1030 Bruxelles
VAT: BE 0879.795.938
+32 2 743 10 33
www.coopseurope.coop

 

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