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Innovation with Leverage: Our Microfinance Instruments, a CSR Program by Deutsche Bank AG
"In 2007, we developed “db Microfinance-Invest No.1,” the first microfinance product directed at privateclients. The product was also the first securitization of subordinated microloans with an external rating worldwide. Debt securities with an aggregate volume of $87 million were sold in three tranches, with about $52.2 million being purchased by Deutsche Bank’s private clients and roughly $29 million by KfW, the largest institutional investor. Deutsche Bank directly invested about $5.8 million. This money will be used by 21 microfinance institutions to grant at least 100,000 microloans in 15 developing countries and emerging markets. The development of a similar project is planned for 2008."
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Deutsche Bank AG (2008). Innovation with Leverage: Our Microfinance Instruments. Retrieved October 19th, 2008 from http://www.db.com/csr/en/content/microfinance_3827.htm
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