Another deal coming to us courtesy of the CGAP-MIX MCM Newsletter, the Morocco based Association Al Karama de Micro Credit, received a USD 155, 700 loan from responsAbility Global Microfinance Fund. Creates in 1999, Al Karma mission is to help fight poverty by providing financial services to micro-enterprises. According to the MIX Market, the microfinance clearing house, as of December 31st 2006, its gross loan portfolio equaled USD 1,741,806 and its total assets were USD 2,140,920. Its debt to equity ratio was 3.96%, and as of December 2006, Al Karama had 8,071 active borrowers.
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