responsAbility launches ist third microfinance product

Jun 2007
Zurich, Switzerland, June, 21 2007 - In cooperation with two German banks, Bank im Bistum Essen and Stadtsparkasse Düsseldorf, responsAbility has launched its third microfinance fund.

The initial capital of EUR 20 million has been provided by both banks, and the fund is geared specifically to German institutional investors. The launch of the new fund takes responsAbility’s assets under management to over USD 250 million held in microfinance (as of June 5, 2007).


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