A group of leading institutional investors and development agencies today announced the successful arrangement of the Global Commercial Microfinance Consortium, a ground-breaking $75 million multi-tiered commercial fund that will provide local currency financing for up to five years to Micro Finance Institutions (MFI) globally...Consortium [includes] Agence Francaise de Developpement, AXA Group, Calvert Social Investment Foundation, CNP Assurances, Deutsche Bank,...HP,..Merrill Lynch, MMA, Munich Re,...Standard Life, State Street Corporation, Storebrand, The Church Pension Fund, The Co-operative Bank plc, UK Department for International Development, US Agency for International Development...Deutsche Bank acted as lead arranger and managed the sale of the $75 million fund...Nearly $30 million has already been committed to MFIs working in Peru, Kosovo, Nicaragua, Azerbaijan, Colombia, Pakistan, Mozambique and India.