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Summary of Project Information (SPI)

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Project number	7785
Project name	Microcredit Bank
Country	Bosnia and Herzegovina
Sector	Finance & Insurance
Department	Global Financial Markets Group
Company name	ProCredit Bank d.d.
Environmental category	FI
Date disclosed	September 25, 1996
Status	Completed
Previous Events	Invested: October 16, 1997 Signed: September 30, 1997 Approved: January 30, 1997

Summary Of Project Information (SPI)

Project Name	Bosnia-Herzegovina - Bosnia Microcredit Bank

Region	Europe

Sector

Financial Services

Project No7785
Projected Board DateNovember 5, 1996
Company NameBosnia Microcredit Bank
Technical Partner and/or Major Shareholders

International Project Consult (Germany - 20%); Market Banka or BH Banka (both of Bosnia - 20%); EBRD (20%); European Union (20%); and IFC (20%).

Project Cost Including proposed IFC investment

US$10.6 million, including an IFC equity investment of up to US$700,000 and may also provide credit support of up to US$5 million.

Location of project and Description of site

Bosnia-Herzegovina: Sarajevo.

Description of Company and Purpose of Project

The Bosnia Microcredit Bank would introduce microlending techniques to the country. A specialized financial institution would be created with capital investment and support from an experienced foreign technical partner and a reliable and reputable local financial institution. The developmental impact of microcredit programs on the poorest segments of society is well documented. The same income generation and employment creation benefits are expected in Bosnia. The commercial orientation of the shareholders of the Bosnia Microcredit Bank is expected to help generate, over a short period of time, a level of pofitability and self-sustainability which would further enhance this bank’s developmental impact.

Environmental Category and Issues

This is an environmental review category FI project. The Company will be required to undertake an environmental review of each sub-project. In addition, IFC will assess the Company’s capability to carry out environmental reviews.


Date SPI sent to PIC	September 25, 1996

For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
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