PROJECT

Projects

Summary of Proposed Investment

Project Number

24543

Company Name

MIKROKREDITNA FONDACIJA MI BOSPO TUZLA

Date SPI Disclosed

Feb 2, 2006

Country

Bosnia and Herzegovina

Industry

Financial Markets

Projected Board Date

Mar 30, 2006

Status

Completed

Sector

Commercial Banking - Microfinance and Small Business

Department

Global Industry, Financial Markets

Environmental Category

FI-1 - Significant

Previous Events

Approved : Jun 12, 2006
Signed : Jun 13, 2006
Invested : Dec 6, 2006

Project Description

The project involves a €2 million loan to MI-BOSPO (the “NGO”), a non-regulated, non-bank Microcredit Organization based in Tuzla, Bosnia and Herzegovina (BiH) operating on a commercial basis with a strong independent Board of Directors. The purpose of the loan is to support MI-BOSPO’s microfinance lending operations.

Sponsor / Cost / Location

Development Impact