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Global Microfinance Facility

Calle Bolivar #472
Of. 702, Miraflores
Lima
Peru

Contact: Fernando Lucano Urioste, General Manager
Phone: 511-446-8877
Fax: 511-446-8585
URL: www.cyrano-management.com
Email: fernandol@cyrano-management.com
 

The Global Microfinance Facility (GMF) provides loans to microfinance institutions in Latin America, Asia, Africa and Eastern Europe. GMF will target microfinance institutions that have demonstrated strong financial performance and that are seeking out local investors and/or bank lines of credit and access to local currency financing. Currently, GMF has a portfolio of US$28.2 million.

Program

GMF principally offers five types of credit products:

All of GMF's instruments will be liquid with a maturity of less than three years, and when possible, negotiable.



Client Population

GMF targets microfinance institutions including banks, financial companies and credit unions, in Armenia (10.7 percent), Cambodia (6.3 percent), Georgia (16 percent), Kazakhstan (7.1 percent), Bosnia & Herzegovina (22.7 percent), Bolivia (5.3 percent), Ecuador (5.3 percent), Nicaragua (5.3 percent), Mexico (7.1 percent) and Peru (14.2 percent). Seventy-two percent of GMF clients are regulated institutions, with 77.3 percent located in urban areas with a population of 1 million or more and 22.7 percent located in semi-urban areas with populations less than 1 million.

Impact

GMF has satisfied the expectations of its investors, in terms of solvency, portfolio quality, financial return, and in attracting new funds. GMF has constituted a portfolio denominated in US dollars, euros and local currencies in three continents (Asia, Eastern Europe and Latin America) equivalent to $28.2 million. As a result, GMF has generated a diversified portfolio in Armenia ($3 million), Cambodia ($1.8 million), Georgia ($4.5 million), Kazakhstan ($2 million), Bosnia & Herzegovina ($6.4 million), Bolivia ($1.5 million), Nicaragua ($1.5 million), Ecuador ($1.5 million), Mexico ($2 million) and Peru ($4 million).


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