MI-BOSPO of Bosnia & Herzegovina, received a EUR 1 million (US$1.28 million) loan repayable in 5 years from Oikocredit. Founded in 1996, MI-BOSPO is a microcredit organization which aims at providing financial services to women entrepreneurs. According to MIX Market, year-end 2004 figures indicated a $9.4 million gross loan portfolio made up of 9,206 active borrowers. Total assets were $11.4 million. With $4.3 million in total equity, the return was 17.83% and debt to equity ratio was 164.07%.
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