IPC – Internationale Projekt Consult GmbH, a Frankfurt-based company, was founded in 1980. Since then, IPC has provided sound consulting and management services in the framework of international development co-operation projects which are characterised by a high level of sustainability and relevance to worthwhile societal and developmental goals. In particular, IPC has set new standards in the establishment of target group-oriented financial institutions. It founded ProCredit Holding, and remains that company’s leading shareholder and strategic investor. From the very beginning, IPC has been the driving entrepreneurial force behind the ProCredit group. By providing advisory assistance to the ProCredit banks in the first few years of their operations, it has helped the group to build sound and stable financial institutions in countries around the world.
Today IPC’s range of consultancy services includes: advising commercial banks on lending to micro, small and medium-sized enterprises; supporting financial institutions in the implementation of environmental projects and the introduction of energy efficiency/renewable energy lending products for private households and SMEs; designing and implementing target group-specific training courses for financial institutions and commercial banks; and carrying out financial sector or feasibility studies for international development institutions.

ipc-invest GmbH & Co KG was founded in 1998 by a group of IPC employees who sought to complement their strong professional commitment to sound financial intermediation for very small, small and medium-sized enterprises and ordinary people by becoming co-owners of the ProCredit banks, and thus assuming the responsibilities which this entails. Today, most of the employees of ProCredit Holding, including the members of the management teams at almost all of the ProCredit banks, as well as roughly 1,800 staff members from across the group are partners in ipc-invest. In carrying out their duties on a day-to-day basis, they all help to ensure that their investment in ProCredit Holding produces the desired results, in terms of both its developmental impact and the financial return it generates.

KfW (Department KfW Development Bank): On behalf of the German Federal Government, KfW (Department KfW Development Bank) finances investments and accompanying advisory services in developing and transition countries. Its aim is to build up and expand the social and economic infrastructure of the respective countries, and to advance sound and inclusive financial systems while protecting resources and ensuring a healthy environment.
KfW (Department KfW Development Bank) is a leader in supporting responsible and sustainable microfinance and is involved in target group-oriented financial institutions around the world. Department KfW Development Bank is part of KfW, which has a balance sheet total of EUR 494.8 billion (as of December 31, 2011). KfW is AAA-rated by Moody’s, Standard & Poor’s and Fitch Ratings.

Stichting DOEN, or the DOEN Foundation, was set up in 1991 by the Dutch Postcode Lottery. The DOEN Foundation's ambition is to help build a sustainable world in which everyone can make a contribution. DOEN actively seeks enterprising people and organisations who can contribute to this mission. DOEN finds these pioneers within three new themes, Climate Change, Culture & Cohesion and The New Economy, and frequently supports them at the outset of inspiring initiatives. By issuing subsidies, providing a loan or equity investments, but also to an increasing extent by interconnecting the various parties in its network. The DOEN Foundation funds initiatives from annual contributions received under long term contracts from its founder, the Dutch Postcode Lottery, and the two other Dutch charity lotteries, the BankGiro lottery and the Friends Lottery.
The DOEN Foundation has been financing entrepreneurial and sustainable initiatives that improve access to a responsible financial sector since 1994. The DOEN foundation considers access to finance an important tool for sustainable development and for building civil society.

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. Established in 1956, IFC is owned by 182 member countries, a group that collectively determines our policies. Our work in more than 100 developing countries allows companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. For more information, visit www.ifc.org.

TIAA-CREF is a US national financial services organization with more than USD 464 billion (as of 12/31/2011) in combined assets under management. TIAA-CREF is the leading provider of retirement services in the academic, research, medical and cultural fields with approximately 3.7 million retirement participants contributing to over 27,000 retirement plans and working at over 15,000 institutions. The company is headquartered in New York City with major offices in Denver, Colorado and Charlotte, North Carolina and over 70 local offices around the USA. The TIAA-CREF group of companies includes both an SEC registered investment advisor, Teachers Advisors, Inc., and a New York State registered insurance company, TIAA, which is one of only three insurance groups in the United States to hold the highest ratings currently awarded from all four leading independent insurance industry ratings agencies¹. In addition to a wide range of retirement savings products, the organization offers life insurance, mutual funds, education savings accounts, trust services and annuities.
¹ For its stability, claims-paying ability and overall financial strength, TIAA currently holds the following ratings: A.M. Best (A++ as of 7/11), Fitch (AAA as of 2/12), Moody's Investors Service (Aaa as of 12/11) and Standard & Poor's (AA+ as of 8/11). Per S&P criteria, the downgrade of US long-term government debt limits the highest rating of U.S. insurers to AA+ (the second highest rating available). There is no guarantee that current ratings will be maintained. Ratings represent a company’s ability to meet policyholders’ obligations and claims and do not apply to variable annuities, mutual funds or any other product or service not fully backed by TIAA's claims-paying ability.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

The Omidyar-Tufts Microfinance Fund invests in the financial services sector in emerging markets and developing countries. The fund seeks to demonstrate the viability of commercial investment in microfinance to institutional investors. The fund is housed within the Tufts University endowment. The fund was established in November 2005 through a gift to Tufts University by Pierre Omidyar, founder of eBay, and his wife, Pam, co-founder of Omidyar Network with her husband. Tufts University (www.tufts.edu), located on three Massachusetts campuses in Boston, Medford/Somerville, and Grafton, and in Talloires, France, is recognised among the premier research universities in the United States. Tufts enjoys a global reputation for academic excellence and for the preparation of students as leaders in a wide range of professions.

The Belgian Investment Company for Developing Countries (BIO) is a Development Finance Institution (DFI) established in 2001 in the framework of the Belgian Development Cooperation to support private sector growth in developing and emerging countries.
BIO supports financial institutions, investment funds, enterprises and private infrastructure projects. Endowed with capital of EUR 581.5 million (as at 15.01.2012), BIO provides tailored long-term financial products (equity, quasi-equity, debt and guarantees) either directly or through intermediary structures. BIO is also able to fund technical assistance programmes for client companies and feasibility studies. BIO requires its business partners to implement environmental, social and governance standards.
BIO operates as an additional partner to the traditional financial institutions and supports projects with a balance between return on investment and development impact. BIO is a member of EDFI (European Development Finance Institutions).
Website: www.bio-invest.be; E-mail: info@bio-invest.be.

FMO - The Netherlands Development Finance Company is the international development bank of the Netherlands. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on four sectors that have high development impact: financial institutions, energy, housing, and agribusiness. With an investment portfolio of EUR 5 billion, FMO is one of the largest European bilateral private sector development banks. www.fmo.nl.
 

With assets under management of more than USD 1 billion, responsAbility is one of the world’s leading social investment companies. Its areas of focus include microfinance, SME financing, fair trade, and independent media. responsAbility’s investment solutions give people in developing and emerging economies access to markets, information, and other services crucial to their development; they enable private and institutional investors to earn a financial return while at the same time making a positive social impact.
Founded in 2003, responsAbility operates as an independent asset manager. Its shareholders are renowned Swiss financial institutions, a social venture capital company, and responsAbility’s own employees. The assets managed by responsAbility are currently invested in 376 companies and 72 countries. (December 31st, 2011)

PROPARCO is a development finance institution held by Agence Française de Développement (AFD) and private shareholders from the North and the South. PROPARCO’s mission is to be a catalyst for private investment in developing countries which targets growth, sustainable development and reaching the Millennium Development Goals (MDGs). PROPARCO finances operations which are economically viable, socially equitable, environmentally sustainable and financially profitable. Its sectoral strategy is tailored to the level of a country’s development and focuses on the productive sector, financial systems, infrastructures and equity investment. PROPARCO invests in a geographical area ranging from major emerging countries to the poorest countries, in particular in Africa, and has high-level requirements in terms of social and environmental responsibility. PROPARCO has a wide range of financial instruments to meet the specific needs of private investors in developing countries (loans, equity, guarantees and financial engineering). PROPARCO has a team of 143 people, 12 regional offices and is supported by 50 AFD Group agencies worldwide. In 2011 PROPARCO granted EUR 865 million for over 71 projects in more than 30 countries.

The Salvadoran Foundation for Development and Basic Housing (FUNDASAL) is an NGO which is oriented towards community development and which has a clear vision with regard to improving the living conditions of families with scarce economic resources. In addition to being one of the founding shareholders of Banco ProCredit El Salvador, FUNDASAL is also committed to the strategic vision, mission and corporate culture that have led both institutions over the years to successfully provide financing throughout the country to housing projects for communities with limited resources.

MicroVest is a private, for-profit SEC-registered investment advisor headquartered in the Washington, DC metropolitan area. MicroVest was founded in 2003 with the mission to build financial markets that serve the poor. MicroVest seeks sustainable solutions to addressing the financial needs of the working poor through investment vehicles that deliver both financial and social return to investors. MicroVest is owned by four nonprofits: Cooperative for Assistance and Relief Everywhere, Inc. (CARE), Mennonite Economic Development Associates (MEDA), Cordes Foundation, and Seed Capital Development Fund (SCDF). www.microvestfund.com

The GAWA Microfinance Fund is a Luxemburg based impact investment fund investing in microfinance institutions with the objective of providing financial return for its investors and a measurable social impact for low-income communities. The Fund has €21 million of capital, raised entirely by Ambers&Co Capital from European investors. It employs a boutique investment approach by carefully selecting its investment opportunities and leveraging its seasoned management team and the strong private equity experience of its investment committee. GAWA co-invested in ProCredit with MicroVest given their common strategic and social visions. www.amberscocapital.com/gawa-microfinance-fund