AccessHolding

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The proposed project involves the creation of Access Microfinance Holding AG (AccessHolding), a commercial microfinance holding company that will make equity investments in microfinance institutions (MFIs) worldwide. AccessHolding will be established by LFS Financial Systems (LFS or the sponsor) with the participation of IFC and a group of other public and private investors. AccessHolding will be founded with an initial capital endowment of EUR18 million.AccessHolding will focus on setting up new MFIs together with other like-minded investors, but will also invest in early-stage MFIs or non-bank financial institutions (NBFIs) with the aim of transforming them into full-service microfinance banks. Over time, AccessHolding aims to transform into a controlling parent company of a global network of microfinance banks with a common brand identity.Investee MFIs will receive management, consulting and training services from LFS, as well as centralized holding services in areas such as internal audit, marketing, human resources, product development and rollout, risk management, and information management.