Facts

Corporate Information		Public-Private Partnership involving donor agencies, international finance institutions and private institutional investors Specialized Investment Fund, SICAV-SiF
Domicile		Luxembourg
Inception		December 2005
Fund Structure		Umbrella Fund involving different national/regional sub-funds and shares of different risk classes
Initiator and Lead Investor		KfW Entwicklungsbank
Fund Manager		Oppenheim Asset Management Services S.à r.l., Luxembourg
Fund Advisor		Finance in Motion GmbH, Frankfurt/Main, Germany
Mission		The Fund aims to foster economic development and prosperity primarily in the Southeast Europe region but also in the European Eastern Neighbourhood region through the sustainable provision of additional development finance, notably to micro and small enterprises ("MSEs") and to private households, via qualified financial institutions. In pursuing its development goal the Fund will observe principles of sustainability and additionality, combining development and market orientations.
Target Region		Southeast Europe: Albania, Bosnia and Herzegovina, Bulgaria, FYR Macedonia, Kosovo* , Montenegro, Romania, Serbia, Croatia, Turkey European Eastern Neighborhood countries through a dedicated European Neighborhood Fund Window (ENBF) mechanism under the EFSE: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine
End-Beneficiaries		MSEs, private households with limited access to financial services
Key Products		MSEs loans, rural loans (particularly for agriculture, livestock and agro-processing), housing loans (including housing energy efficiency loans)
Target Financial Institutions		Commercial banks, microfinance institutions, non-bank financial institutions
Financial Instruments		Medium to long-term senior loans, subordinated loans, term deposits, subscriptions to bond issues, certificates of deposit, syndicated loans, stand-by-letters of credit, guarantees, equity / quasi-equity participations
Non-Financial Services		Through the EFSE Development Facility: Technical assistance for capacity building of partner lending institutions to increase outreach to final target group
Status: 30 June 2011		*under UNSCR 1244/99

Figures

EFSE performance overall (as of 30 September 2011)
Outstanding Amount Invested in Partner Lending Institutions		EUR 679.3 million
Outstanding Loan Amount Disbursed to End-Borrowers		EUR 551.8 million
Number of Active End-Borrowers		106.331
Average Size of Loans Disbursed to End-Borrowers		EUR 5,190
Micro and Small Enterprise Loans Disbursed to End-Borrowers below EUR 10,000		75%
Cumulated Amount of Approved Investments in Partner Institutions since inception in December 2005		EUR 1,082.6 billion
Cumulated Amount of Loans Disbursed to End- Borrowers since inception in December 2005		EUR 1.7 billion
Cumulated Number of Loans Disbursed to End-Borrowers since inception in December 2005		291,457


EFSE Development Facility (as of 30 September 2011)
Total Project Volume		EUR 5.4 million
Number of Approved Projects		141, including 22 studies
Number of Institutions Supported		27 microcredit organisations and microfinance banks, 15 commercial banks
Beneficiaries		Approximately 1,700 staff members of partner lending institution, 45% female
Support Areas		Institution building, responsible finance, strategy development and transformation, product development & down-scaling, financial risk management, credit risk & delinquency management, asset-liability-management, efficiency management, management accounting, internal audit & internal controls, sales & marketing and management information system.