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Working in Partnership
Frontier Finance International undertakes projects with a number of technical and financial services providers, including the ProCredit group.
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| ProCredit Holding: The ProCredit group consists of 21 banks operating in transition economies and developing countries in Eastern Europe, Latin America and Africa. ProCredit’s core business is the provision of credit and other banking services to very small, small and medium-sized enterprises and lower and middle income savers who have previously had limited access to formal financial services. These businesses are major contributors to job creation.
The ProCredit group's banks 21 banks have a branch presence in 833 locations, including rural and underserved areas. As of year-end 2009, ProCredit’s assets stood at approximately $6.5 billion, the outstanding loan portfolio comprised just over 900,000 loans for a volume of $4.8 billion, and 2.7% of the portfolio was at risk over 30 days. Total deposits stood at $4.2 billion in just over 3.8 million accounts.
Strong shareholders provide a solid foundation. ProCredit Holding’s private and public-sector shareholders are: IPC Gmbh, IPC Invest, Doen Foundation, KfW, IFC, BIO, FMO, TIAA-CREF, Fundasol, Omidyar-Tufts, PROPARCO and responsAbility.
Visit ProCredit at http://www.procredit-holding.com/.
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