Miro Bank


KfW Group (Kreditanstalt für Wiederaufbau) founded in 1948, provides financial packages designed to stimulate economic, social and ecological development in countries from all over the world. The financial Institution focuses on the promotion of SME, the financing of housing construction and modernisation, protection of the environment and the climate, export and project finance and support for developing countries and transition economies.

DEG (Deutsche Investitions und Entwicklungsgesellschaft GmbH) is a key player in Germany’s Development Co-operation activities and supports private sector development in Africa, Asia and Latin America, as well as in Central and Eastern Europe. DEG operates according to the principles of private sector ventures, which are beneficial to the development of the local economy.

The International Finance Corporation (IFC), a multilateral institution, promotes the development of the private sector in its developing member countries. A member of the World Bank Group, but legally and financially independent, IFC provides long-term loans and equity finance at market terms and conditions in support of private sector activities, helps mobilize additional financing from other sources and provides advisory services to both government and businesses. Since its founding in 1956, IFC has invested almost USD 30 billion of its own funds in more than 2,400 companies in 136 developing countries. The European Bank for Reconstruction and Development (EBRD) was established in 1991. It aims to foster the transition towards open, market-oriented economies and to promote private and entrepreneurial initiative in the countries of Central and Eastern Europe and the Commonwealth of Independent States (CIS) committed to democracy, pluralism and market economics. The EBRD seeks to help its 27 countries of operations to implement structural and sector economic reforms, promoting competition, privatisation and entrepreneurship. In fulfilling its role as a catalyst of change, the Bank encourages co-financing and foreign direct investment from the private and public sectors, helps to mobilize domestic capital, and provides technical cooperation in relevant areas. The Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) is owned by the Dutch government and leading Dutch banks. It supports private sector development in 71 countries. FMO provides finance for projects that meet its three investment criteria: additionality, catalysis, and good governance. As such FMO provides finance for professionally-managed ventures where “ordinary” banks would not, and where it can mobilize significant additional private sector investment. The FMO focuses on providing support to the financial sector and companies in “low-income” and “low-middle-income” countries. Internationale Micro Investitionen AG (IMI), founded in 1998 is a commercial development-oriented investment company. It has so far taken equity stakes in eighteen banks or financial institutions in developing countries and transition economies, to a value of EUR 40 million. IMI can be seen as the strategic investor in the ProCredit-network and as the headquarters of these individual banks. Its shareholders represent a 50:50 mix of private and public investors. Commerzbank AG was established in 1870 and today is one of the top five banks in Germany. With a strong International network comprising 56 outlets in 43 countries, Commerzbank is a universal bank providing retail, wholesale and investment banking services. It also offers other financial services via a number of subsidiaries, such as leasing fund management, real estate and equity investment. Internationale Projekt Consult GmbH (IPC) is a German consulting company which was founded in 1981 with the aim of developing and promoting a consulting concept designed to improve the opportunities for micro and small enterprises to gain access to formal financial services, and to bank loans in particular.

IPC’s philosophy is based on the concept of “development finance”. This is generally used to describe efforts to promote financial systems in developing countries and transition economies in order to stimulate economic development.