Another deal coming to us courtesy of the CGAP-MIX MCM Newsletter, the Jordan based Microfund for Women received a USD 350,000 loan from responsAbility Global Microfinance Fund. Established in 1994, this not-for-profit Microfinance institution mission is to provide sustainable financial and non-financial services to micro-entrepreneurs in Jordan. According to the MIX Market, the microfinance clearing house, as of December 31st 2006, its gross loan portfolio equaled USD 8,803,185 and its total assets were USD 9,481,823. Its debt to equity ratio was 62.90%, and as of December 2006 Microfund for Women had 23,501 active borrowers.
Similar Posts:
- MICROCAPITAL BRIEF: FINCA Microfinance Jordan, JOHUD Partner to Fund Community Businesses
- MICROCAPITAL BRIEF: Satya of India Borrowing $35m from FMO, Finnfund for Microfinance for Rural Women, Youth – Including to Enable Green Transition
- MICROCAPITAL BRIEF: Araratbank of Armenia, FMO Ink $10m Risk-sharing Facility to Boost MSMEs
- MICROCAPITAL BRIEF: Annapurna Finance Borrowing $25m from responsAbility to Boost Renewable Energy, Energy-efficiency in India
- MICROCAPITAL BRIEF: Annapurna of India Borrows $10m from MicroVest to Expand Microfinance for Rural Women
