DGAP-News: 3A Finance PLC : 3A FINANCE GROUP INTRODUCES ITS MICROCREDIT SERVICE FOR SMALL&MIDDLE SIZE ENTERPRISES IN THE MIDDLE EAST&AFRICA
ID: 399813
3A Finance PLC : 3A FINANCE GROUP INTRODUCES ITS MICROCREDIT SERVICE
FOR SMALL&MIDDLE SIZE ENTERPRISES IN THE MIDDLE EAST&AFRICA
05.05.2011 / 12:51
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Corporate Press Release Number 6
Date: 5th day of May 2011
Time: 11.00am Central European Time
PRESS RELEASE
3A FINANCE GROUP INTRODUCES ITS MICROCREDIT SERVICE FOR SMALL&MIDDLE SIZE
ENTERPRISES IN THE MIDDLE EAST&AFRICA
LONDON / ZURICH, May 5, 2011 - 3A Finance PLC (the 'Company' or '3A') is
pleased to announce that it is intending to launch the Microcredit service
for private companies in the Middle East&Africa.
Applicants must be member companies of MEASSM Middle East&Africa
Secondary Share Market and their shares must be tradable on MEASSM, this
means that the planned Microcredit service will be exclusively for members
of the 3A private equity-trading platform MEASSM that are searching for
funding possibilities through loans and that are in the level to guarantee
for their loans with their own shares.
When a member company of MEASSM applies for a loan, the Microcredit system
of 3A opens a Loan Pool for online registered lenders to contribute to the
payment of that loan by paying micro sums (minimum of 500 Euros) into the
loan pool until the entire requested loan sum has been reached and the loan
pool has been filled. For all contributed sums, the lenders get shares as
collaterals in the member company of the loan applicant. 3A Microcredit
system will be launched soon under: http://www.3amicrocredit.com
'3A Microcredit is an innovative and very promising service for the niche
markets' said Kacem Salah, Chief Operations Officer of 3A Group, he
continued: 'Funding of companies has been always difficult in Maghreb and
entire Africa, with 3A innovative services i.e. MEASSM&Microcredit, we
have therefore created means for companies to get funded either through the
direct raising of capital on MEASSM platform or by accessing loans through
the Microcredit Platform', he added: ' 3A Finance will definitely be a
great assistance to the local companies in Africa to facilitate the funds
raising process and to enhance their growth'.
About 3A Finance PLC
3A Finance PLC is a holding company concentrating on the niche markets of
Africa and the Middle East. The company is in process of designing and
developing several innovative and unique financial services for the
emerging markets of Africa, Middle East&Asia.
The company is intending to follow an aggressive growth scheme and is
prepared to acquire strategic candidates to enhance its inorganic growth
Contact:
3A Finance PLC
Investor Relations Department
Email: IR@3a-finance.ch
Safe Harbor Statement; under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical are
forwardlooking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward- looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange
End of Corporate News
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123165 05.05.2011Unternehmensinformation / Kurzprofil:
Datum: 05.05.2011 - 12:51 Uhr
Sprache: Deutsch
News-ID 399813
Anzahl Zeichen: 4399
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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