Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter. Hivos-Triodos Fund loans USD 1.18 mm to Pride Tanzania. The investment by Hivos-Triodos Fund hopes to encurage growth in the foundation by providing the means for new loans. Established in 1994, the mission of Pride Tanzania is to create a sustainable financial services network for micro-entrepreneurs in order to stimulate business growth, and alleviate poverty in Tanzania. According to the MIX Market, as of December 31st 2005, Pride Tanzania had a gross loan portfolio of USD 12,738,424 total assets of 13,779,696, a return on assets of 3.79% and a debt to equity ratio of 271.11% . In addition, as of December 31st 2005, Pride Tanzania had active borrowers totaling 71,315.
Continue reading “Hivos-Triodos Fund Loans 1.18 million to Pride Tanzania”
Similar Posts:
- MICROCAPITAL BRIEF: OPEC Fund Donating $1m to UNCDF to Boost Energy Access, Reduce Emissions, Starting in Madagascar, Tanzania
- MICROCAPITAL BRIEF: Access Bank Botswana Borrows $20m from OPEC Fund for MSMEs, 30% Earmarked for Women
- MICROCAPITAL BRIEF: IsDB, La Poste Tunisienne to Replicate Digital Financial Services via Postal Service in Djibouti
- MICROFINANCE PAPER WRAP-UP: “Private Asset Impact Fund Report 2022;” by Anne Estoppey, Ramkumar Narayanan; Published by Tameo
- MICROCAPITAL BRIEF: OPEC Fund Lending $22m to Raiffeisen Bank for SMEs in Albania
