AccessHolding is a commercial microfinance holding company that invests in microfinance institutions (MFIs) and develops these investments through a combination of equity finance, holding services, and management assistance. These services are rendered by its technical partner and founding shareholder LFS Financial Systems GmbH, with which AccessHolding shares premises in Berlin, Germany.
AccessHolding establishes new MFIs together with other partners, and transforms existing non-bank micro lending institutions into full-service microfinance banks. Currently, there are eight AccessBanks operating in Azerbaijan, Liberia, Madagascar, Nigeria, Rwanda, Tajikistan, Tanzania and Zambia.
The European Investment Bank (EIB) is Europe’s long-term lending bank, created by the Treaty of Rome in 1958. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. As a shareholder of AccessHolding, EIB is closely involved in the build-up of the emerging AccessBank network in Africa and the world.
The International Finance Corporation (IFC), as a member of the World Bank Group, works to foster and encourage private sector investment in developing and transition countries. IFC is a shareholder of AccessHolding and a co-investor in most of AccessHolding’s network banks. It also provides technical assistance and debt funding to some banks. From the beginning, IFC spearheaded thecreation of AccessBank Liberia and played a major role in bringing together its core group of investors and partners.
The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.TheAfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).