MicroVest Increases Interest Rates for Microfinance Notes

Bethesda, MD , June, 21 2006 - MicroVest Capital Management announced today that it is increasing interest rates for its current offering of Microfinance Notes.

MicroVest Capital Management announced today that it is increasing interest rates for its current offering of Microfinance Notes. The new rates will be effective immediately and reflect MicroVest’s continuing effort to move the market for microfinance investments closer to commercial terms.

Interest rates will increase between 25 and 57 basis points for all Microfinance Notes valued at $300,000 or greater, with the largest increase benefiting 1 year notes valued at $500,000 or more. The new rates are valid until August 31, 2006.

MicroVest has a solid reputation as a market leader. An article which appeared in the Wall Street Journal in January 2006 showed MicroVest leading the pack for returns on debt investments. The article, titled “A New Way to Do Well by Doing Good”, compared five leading microfinance funds with MicroVest’s Microfinance Notes offering showing the highest return to investors.

About MicroVest:

MicroVest (Bethesda, MD) is a $20 million investment firm providing debt and equity capital and management oversight to microfinance institutions (MFIs) in emerging markets. It is the first private equity microfinance investment firm in the United States. MicroVest’s goal is to expand the capacity of existing, profitable MFIs throughout the world while building capital markets that work for the poor. MicroVest was founded by CARE, MEDA and the Seed Capital Development Fund - three non-profit organizations with longstanding credibility in the microfinance industry.