Oikocredit grants $335,220 loan to the Microenterprise Development Network in Uganda

The Microenterprise Development Network, or MED-net, is an initiative by World Vision. A Christian relief and development organization, World Vision had $301 million in total assets at year end 2005, as reported in the 2005 Financial Statements. According to the MED-net portfolio, World Vision’s Microenterprise Development program had 390,047 active clients in 46 countries, with $134,344,795 in loans outstanding at year end 2005. In Uganda, this program provides both community and individual loans to over 15,000 clients.

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