Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Oikocredit made a USD 1.5 mm loan to Crédito con Educación Rural (CRECER) of Bolivia. CRECER is a private non-for-profit organization which exclusively serves women using the village banking methodology. Village banks consist of savings and credit associations managed by organized lenders with common interests. As stated on the MIX Market, the microfinance institution informational clearinghouse, as of December 2006, CRECER had 88,435 active borrowers, a gross loan portfolio of USD 23,015,416, total assets of USD 26,743,584 and its debt to equity ratio was 209.95%.
Continue reading “Crédito con Educación Rural (CRECER) Receives $1.5 million Loan from Oikocredit”
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