Microcred II

signed

Participation in the capital increase of MicroCred. MicroCred is a microfinance investment company sponsored by Planet Finance, an international microfinance group with operations in more than 60 countries. MicroCred’s investment objective is to achieve a commercially acceptable return in the microfinance area, and a social return through the deployment of equity or convertible debt to new microfinance institutions (MFIs) or financial institutions providing financial services to microentrepreneurs in developing countries. Since its creation in 2005, MicroCred has created six microfinance banks and non bank financial institutions in Madagascar, Senegal, Mexico China, Nigeria and Côte d’Ivoire. In the next years, MicroCred intends to grow its portfolio in Africa, the Middle East, China and Latin America with the ultimate goal of 15 investments by 2015.