Quarterly Factsheet a Specialised Investment Fund Supported by

Quarterly Factsheet A Specialised Investment Fund Supported by :

June 2013 Oesterreichische Entwicklungsbank AG

PORTFOLIO OF INVESTMENTS

Cumulative Country distribution Portfolio details June 2013 disbursements Portfolio growth Microfinance investment portfolio

Total assets 400 Azerbaijan 52 14% Microfinance investment portfolio USD 382.5 MM USD 553.6 MM Microfinance investment portfolio 350 Cambodia 47.7 12%

Short term investments USD 10.6 MM 300 Peru 41.7 11% Georgia 30 8% Total assets USD 393.1 MM 250 Mongolia 28.8 7% Microfinance portfolio 200 as a % of total assets 97.3 % Kyrgyz Republic 27 7% 150 Total net asset value USD 379 MM Equivalent USD MM Tajikistan 18.4 5% Equivalent USD MM 100 Kenya 15 4% Number of MFIs 81 93 50 India 14 4% Number of loans 131 185 Paraguay 13 3% Number of countries 32 32 Other 95.1 25% Mar-09Jun-09Sep-09Dec-09Mar-10Jun-10Sep-10Dec-10Mar-11Jun-11Sep-11Dec-11Mar-12Jun-12Sep-12Dec-12Mar-13Jun-13

Regional distribution in % Investment Manager distribution in % Currency distribution in % Microfinance investment portfolio Microfinance investment portfolio - Equivalent USD Total portfolio

Other 5% MENA responsAbility SA 3% AMD 1% 7% 94,841,867 NGN 1% SSA 25% EECA 7% AZN 1% 50% EECA : Eastern Europe KHR 2% and Central Asia EUR 2% INR 4% LAC : Latin America EAP BlueOrchard PEN 7% All investments and the Caribbean 151,206,347 12% hedged to USD EAP : East Asia 39% and the Pacific SSA : Sub-Saharan Africa USD LAC SA : South Asia Cyrano 21% 77% MENA : Middle East and 136,463,931 North Africa 36% Other includes : THB, KZT, MXN, RUB, COP, XOF, ZMW, GHS, XAF 1/4 MICROFINANCE INVESTMENT PORTFOLIO as of 31 June 2013

Currency Portfolio New Inv. of Equiv. investment First Last Country Region Name of MFI Mgr. investment USD MM in Q2 2013 % Ptf Disb. Maturity

Albania EECA NOA BO EUR 2.27 0.59% 2012-11 2015-02 Armenia EECA Inecobank Closed Joint-Stock Company CY USD 7.00 1.83% 2012-03 2016-03 Finca Universal Credit Organization CJSC BO USD 1.20 0.31% 2011-10 2014-10 AMD 2.86 0.75% 2013-03 2014-03 SEF International BO AMD 0.98 0.26% 2012-07 2014-03 Azerbaijan EECA AccessBank Closed Joint Stock Company CY USD 25.00 6.54% 2010-08 2015-12 Finca Azerbaijan rA USD 7.50 1.96% 2012-05 2015-05 AZN 5.01 1.31% 2012-10 2015-10 DemirBank rA USD 11.00 3.00 2.88% 2012-01 2016-05 Azercredit rA USD 2.50 0.65% 2012-03 2015-12 TBC Kredit rA USD 1.00 0.26% 2012-08 2014-08 Belarus EECA Belarusian Bank for Small Business rA USD 2.50 0.65% 2012-10 2015-10 Bosnia and Herzegovina EECA Partner Mikrokreditna Fondacija BO EUR 2.60 0.68% 2012-08 2015-08 Microcredit Foundation Prizma BO EUR 1.95 0.51% 2011-07 2013-09 Mikrokreditna Organizacjia EKI BO EUR 1.30 0.34% 2012-12 2015-12 Microcredit Foundation Sunrise BO EUR 0.46 0.12% 2009-10 2014-01 rA EUR 0.05 0.01% 2009-11 2014-01 Cambodia EAP Prasac BO USD 8.50 2.22% 2011-12 2014-11 THB 2.41 0.63% 2011-08 2013-08 Sathapana Limited CY USD 10.00 4.00 2.61% 2011-12 2016-06 Amret Co Limited CY USD 8.00 3.00 2.09% 2012-02 2017-04 Hattha Kaksekar BO USD 2.00 2.00 0.52% 2013-04 2015-04 THB 1.02 0.27% 2012-08 2014-08 KHR 2.98 0.78% 2012-07 2015-07 Vision Fund Cambodia BO USD 4.00 1.05% 2011-07 2016-03 KHR 1.96 0.51% 2012-09 2015-09 Thaneakea Phum Cambodia Ltd CY USD 3.50 0.92% 2012-02 2015-12 Angkor Mikroheranhvatho Kampuchea Co.,Ltd BO KHR 1.95 0.51% 2012-04 2015-04 Kredit Microfinance rA USD 1.33 0.35% 2012-04 2014-04 Cameroon SSA Advans Cameroun BO XAF 0.50 0.13% 2011-12 2013-12 Colombia LAC Fundacion Delamujer BO USD 3.33 0.87% 2012-06 2015-06 Fundacion Mundo Mujer Popayan BO COP 2.51 0.66% 2011-12 2014-12 Costa Rica LAC Cooperativa Nacional de Educadores R.L. BO USD 3.00 0.78% 2012-12 2015-12 DRC SSA Advans Banque Congo BO USD 0.88 0.23% 2012-12 2014-12 Ecuador LAC Banco Solidario rA USD 8.50 8.50 2.22% 2013-05 2016-06 Banco para la Asistencia Comunitaria Finca BO USD 2.00 0.52% 2012-10 2014-10 Georgia EECA Procredit Georgia BO USD 10.00 2.61% 2011-12 2014-12 LLC Microfinance Organization Credo rA USD 8.00 6.00 2.09% 2012-03 2016-05 Bank Constanta rA USD 5.00 1.31% 2011-07 2015-10 JCS MFO Finca BO USD 4.00 1.05% 2011-04 2015-12 TBC Leasing rA USD 2.00 2.00 0.52% 2013-04 2016-04 JSC MFO Crystal rA USD 1.00 0.26% 2012-06 2014-06 Ghana SSA Sinapi Aba Trust BO GHS 0.74 0.19% 2011-06 2014-06 India SA Janalakshmi Financial Sevices Private Ltd BO INR 5.05 1.32% 2012-12 2014-12 Singhivi Investment & FinancePrivate Limited BO INR 4.71 1.23% 2013-01 2015-01 Satin Creditcare Network ltd BO INR 4.21 1.10% 2012-12 2014-12

Region : EECA - Eastern Europe and Central Asia / LAC : Latin America and the Caribbean / EAP : East Asia and the Pacific / SSA : Sub-Saharan Africa / SA : South Asia Investment Manager : BO - BlueOrchard / CY - Cyrano / rA - responsAbility Cont’d on page 3 2/4 MICROFINANCE INVESTMENT PORTFOLIO as of 31 June 2013 continued from previous page

Currency Portfolio New Inv. of Equiv. investment First Last Country Region Name of MFI Mgr. investment USD MM in Q2 2013 % Ptf Disb. Maturity

Kazakhstan EECA LLC Microcredit Organization Kazmicrofinance rA KZT 2.98 1.99 0.78% 2012-09 2016-04 Kenya SSA Equity Bank Limited CY USD 15.00 3.92% 2011-09 2014-09 Kosovo EECA Agency for Finance in Kosovo BO EUR 0.65 0.17% 2012-04 2014-04 Finca International BO EUR 0.65 0.17% 2011-03 2014-03 Kyrgyz Republic EECA Finca Microcredit Company rA USD 10.00 10.00 2.61% 2013-05 2015-06 MFC Bai Tushum and Partners CJSC CY USD 6.00 1.57% 2012-02 2015-02 MCC Mol Bulak Finance LLC CY USD 6.00 1.57% 2011-12 2015-03 MFC Kompanion BO USD 5.00 1.31% 2011-10 2015-08 Mexico LAC FINANCIERA FINCA BO MXN 2.96 2.96 0.77% 2013-04 2015-04 Moldova EECA ProCredit Bank Moldova BO USD 5.20 1.36% 2012-05 2015-05 JV MFO Microinvest LLC BO USD 0.75 0.20% 2012-09 2014-09 Mongolia EECA XACBANK LLC CY USD 20.00 5.23% 2011-04 2015-10 Khan Bank BO USD 8.75 5.00 2.29% 2011-09 2016-06 Morocco MENA Fondation Banque Populaire Pour Le Crédit BO USD 10.00 2.61% 2012-11 2015-11 Nicaragua LAC Fondo de Desarrollo Local BO USD 2.38 0.62% 2012-06 2014-11 Nigeria SSA AB MF Bank Nigeria BO NGN 3.00 0.78% 2012-01 2014-06 Grooming People for better Livelihood Centre BO NGN 1.42 0.37% 2012-10 2014-10 Paraguay LAC Vision Banco S.A.E.C.A. CY USD 10.00 2.61% 2012-06 2015-06 Financiera el Comercio CY USD 3.00 0.78% 2012-10 2015-10 Peru LAC MIBANCO, Banco de la Microempresa S.A. CY USD 15.00 3.92% 2011-03 2016-03 Financiera Creditos Arequipa BO PEN 8.20 2.14% 2011-10 2015-12 Financiera Edyficar BO PEN 4.94 1.29% 2011-07 2013-08 Caja Municipal de Ahorro y credito de Arequipa S-A CY PEN 4.60 1.20% 2012-12 2016-06 Edpyme Raíz BO PEN 2.42 0.63% 2012-01 2014-07 Financiera Proempresa S.A. CY PEN 2.36 2.36 0.62% 2013-04 2016-10 Financiera Confianza BO PEN 1.51 0.39% 2011-05 2014-05 Caja Rural de Ahorro y Credito Crédinka S.A. CY USD 1.00 0.26% 2013-02 2016-08 Edpyme Alternativa rA PEN 0.93 0.93 0.24% 2013-04 2015-04 Edpyme Solidaridad y Desarollo BO PEN 0.73 0.19% 2011-11 2014-11 Russia EECA Finca Russia rA RUB 2.55 0.67% 2011-07 2014-07 Senegal SSA Microcred Senegal S.A. BO XOF 1.95 0.51% 2012-05 2015-05 Sri Lanka SA Lolc Micro Credit Limited rA USD 11.50 3.01% 2012-02 2014-12 Tajikistan EECA IMON International rA USD 5.00 1.50 1.31% 2012-02 2015-02 Bank Eskhata BO USD 4.00 4.00 1.05% 2013-06 2016-06 Eskhata Bank BO USD 3.50 0.92% 2011-05 2015-05 AccessBank Tajikistan rA USD 3.00 3.00 0.78% 2013-05 2015-06 Humo and Partners LLC rA USD 1.50 0.39% 2013-06 2015-06 Oxus Microfinance rA USD 1.00 0.26% 2012-04 2014-04 Arvand BO USD 0.38 0.10% 2011-07 2013-07 Tanzania SSA Access Bank Tanzania Ltd BO USD 2.50 0.65% 2012-03 2014-05 Promotion of Rural Initiatives and rA USD 1.00 0.26% 2012-09 2014-09 Development Enterprises Ltd Zambia SSA FINCA ZAMBIA BO ZMW 0.98 0.98 0.26% 2013-04 2015-04 TOTAL 382.51 61.22 100%

Subscriptions and Commitments Investors

Subscriptions Commitments A Shares B Shares C Shares

65 KfW KfW German Federal Ministry for Economic International Finance Corporation Cooperation (BMZ) 53 (IFC) Swedish International Development Development Bank of Austria (OeEB) Cooperation Agency (SIDA) European Investment Bank (EIB) Development Bank of Austria (OeEB) 327 249 OPEC Fund for International Develop- ment (OFID) A Shares FMO B Shares

C Shares 77 77

USD 379 million USD 469 million

Investment Managers Disclaimer

BlueOrchard Finance S.A. Cyrano Management S.A. responsAbility Social Investments AG All rights reserved. This fund is reserved for eligible investors within the meaning of article 2 of the law of 13 February 2007 on specialized investment funds, as amended or supplemented from time to time. Units in this investment fund may not be off ered, sold 32 rue de Malatrex Calle Bolivar 472, Josefstrasse 59 or transferred, directly or indirectly, in the USA or its territories or possessions or areas subject to its jurisdiction, or to citizens or 1201 Geneva office 702, 8005 Zurich residents thereof (‘US Persons’) other than in accordance with the laws of the United States. The information given in this document does not constitute an off er nor a product recommendation, it is provided for individual information purposes only. Switzerland Miraflores, Lima, Peru Switzerland No guarantee is given or intended as to the completeness, timeliness or adequacy of the information provided herein. Tel.: +41 22 596 4777 Tel.: +511 446 8877 Tel.: +41 44 250 99 30 Past performance is no guarantee for future results. The value of the fund and its share classes is calculated without taking into account Fax: +41 22 596 4799 Fax: +511 446 8585 Fax: +41 44 250 99 31 any placement or redemption fees and assuming constant reinvestments of dividends. This is not a fund prospectus as specified by law. E-mail: [email protected] E-mail : [email protected]

* The LuxFLAG label is valid for a limited period ending on 30 September 2013, renewable subject to LuxFLAG acceptante. Investors must not rely on LuxFLAG or the LuxFLAG Label with regard to investor protection issues and LuxFLAG cannot incur any liability related to financial performance or default of MEF. 4/4