Another deal coming to us this month courtesy of the CGAP-MIX Capital Markets MCM Newsletter, the Dakahlya Businessmen’s Association for Community Development (DBACD) received a $2.5 million loan from BNP Paribas, thanks to a $2 million guarantee from the Grameen-Jameel Initiative. Egypt-based DBACD is a non-profit microfinance provider that began in 1995. It has individual and group microloan programs targeted at families that earn less than $4 per day. At July 2006, according to the Microfinance Information eXchange (MIX), DBACD had 63,288 clients and a loan portfolio worth $9.7 million. Debt-to-equity was 64.6%, while assets stood at $18.4 million and had a return of 4.9%.
Continue reading “Egyptian Microfinance Institution DBACD Extended $2.5 Million Loan from BNP Paribas; $2 Million Guaranteed by Grameen-Jameel Initiative”
Similar Posts:
- MICROCAPITAL BRIEF: Liberation Community Finance Expanding Branch Network, Product Lineup for Farmers, Women, Youth in Uganda
- MICROFINANCE PAPER WRAP-UP: “Child Labor, Rainfall Shocks and Financial Inclusion: Evidence from Rural Households,” by Carolina Bernal and Razvan Vlaicu, Published by IDB
- MICROCAPITAL BRIEF: Svatantra of India Paying Navi Group $179m for Microfinance Subsidiary Chaitanya
- MICROCAPITAL BRIEF: EBRD Loans $21m to BMCI of Morocco as Part of Women in Business (WiB) Program
- MICROFINANCE PAPER WRAP-UP: “Gendered Investment Differences Among Smallholder Farmers: Evidence from a Microcredit Programme in Western Kenya,” by Keiji Jindo et al
