ACODEP Receives $1.5 Million in Microfinance Loans from BANPRO, Facilitated by Grameen Foundation Guarantee

Nicaragua-based ACODEP received a $1.5 million loan from BANPRO. The Grameen Foundation is providing a $500,000 guarantee for the loan, and Global Partnerships conducted a due diligence assessment. ACODEP stated it will use the funds to build its client base from the current 51,444 to 118,000 by 2009.

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