{"id":183,"date":"2011-05-13T09:30:57","date_gmt":"2011-05-13T09:30:57","guid":{"rendered":"https:\/\/new.igihe.com\/swiss-firm-advances-rwf-591-million-to-urwego\/"},"modified":"2011-05-13T09:30:02","modified_gmt":"2011-05-13T09:30:02","slug":"swiss-firm-advances-rwf-591-million-to-urwego","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/swiss-firm-advances-rwf-591-million-to-urwego\/","title":{"rendered":"Swiss firm advances Rwf 591 million to Urwego Opportunity bank"},"content":{"rendered":"

responsAbility<\/span> Social Investments AG, an investment company based in Switzerland recently made local-currency loans totalling<\/span> the equivalent of USD 2 million to microfinance<\/span> institutions (MFIs<\/span>) Middle East Micro Credit Company (MEMCC<\/span>) of Jordan and Urwego<\/span> Opportunity Bank (UOB<\/span>) of Rwanda.<\/strong><\/p>\n

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rAMLF<\/span> invested approximately RWF<\/span> 591 million (USD 999,000) in UOB<\/span>. Created as a result of a merger between Urwego<\/span> Community Banking
\nand Opportunity International Bank of Rwanda, UOB<\/span> is a microfinance<\/span> institution
\nheadquartered in Kigali, Rwanda. Its services include loan and savings
\nproducts, business training, HIV\/AIDS training and insurance coverage. UOB\u2019s<\/span>
\nshareholders include nonprofit organizations Hope International, Opportunity
\nInternational, World Relief and World Relief Canada. In 2009, UOB<\/span> reported to
\nUS-based, nonprofit Microfinance<\/span> Information Exchange (MIX) total assets of USD
\n10.8 million, a gross loan portfolio of USD 6.4 million, return on assets (ROA<\/span>)
\nof -6.57 percent, return on equity (ROE) of -16.5 percent and 33,900 borrowers.<\/p>\n

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Founded in 2003, responsAbility<\/span> Social Investments AG is a Swiss investment company whose products aim to enable investors to earn a financial return while assisting people in emerging markets to access information and markets in sectors such as microfinance<\/span>, small and medium-sized enterprise (SME<\/span>) financing, fair trade and independent media. According to calculations based on data from the Microfinance<\/span> Information Exchange (MIX) from 2009 and 2010, responsAbility<\/span> manages approximately USD 800 million in total assets. responsAbility<\/span> is backed by Swiss financial institutions and a social venture capital company as founders and shareholders including Baumann<\/span> & Cie<\/span>, Banquiers<\/span>, Credit Suisse, Raiffeisen<\/span> Schweiz<\/span>, Swiss Re, Bank Vontobel<\/span> AG as well as George Avenue.<\/p>\n

The responsAbility<\/span> Microfinance<\/span> Leaders Fund (rAMLF<\/span>) invests in large microfinance<\/span> institutions (MFIs<\/span>) through debt securities and equity investments. rAMLF<\/span> reported to the US-based, nonprofit Microfinance<\/span> Information Exchange (MIX) that it had USD 160 million in fund assets as of 2010. LuxFLAG<\/span>, an independent organization that certifies that microfinance<\/span> vehicles actually invest in the microfinance<\/span> sector, renewed rAMFL\u2019s<\/span> label in March 2011.<\/p>\n

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responsAbility Social Investments AG, an investment company based in Switzerland recently made local-currency loans totalling the equivalent of USD 2 million to microfinance institutions (MFIs) Middle East Micro Credit Company (MEMCC) of Jordan and Urwego Opportunity Bank (UOB) of Rwanda. rAMLF invested approximately RWF 591 million (USD 999,000) in UOB. Created as a result of a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[277],"hashtag":[],"class_list":["post-183","post","type-post","status-publish","format-standard","hentry","category-business","tag-homenews","byline-igihe-com-reporter"],"bylines":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=183"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/183\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=183"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=183"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}