BNP Paribas’ involvement in microfinance is based on the conviction that banking can have a significant and positive social impact. This involvement encompasses three key areas: support for microfinance institutions (MFIs) in Europe and developing countries; microfinance investment products; and voluntary provision of skills.

Founded in 1819 as the first Austrian savings bank, Erste Group went public in 1997 with a strategy to expand its retail business into Central and Eastern Europe. Since then Erste Group has grown to become one of the largest financial services providers in the Eastern part of the EU in terms of clients and total assets. Within its social banking activities Erste founded in Austria Zweite Sparkasse, special saving bank supporting people in difficult financial situation. Later on good.bee credit, microfinance institution financing small entrepreneurs in rural area, was established in Romania. Currently all Erste banks in CEE operate social banking initiatives focused on improvement of financial stability and inclusion of people on low incomes, enabling job creation via new entrepreneurs and fostering development of social organisations.

The mission of the fund are the facilitation of development and the improvement of living conditions for human beings (worldwide). These goals have to be achieved with sustainable working principles and by taking into account eligible instruments for investments and reasonable returns.

Inpulse is an asset manager specialised in microfinance and social economy related investments.