Commercial Microfinance receives EUR 500,000 from Impulse Microfinance Investment Fund

Commercial Microfinance Limited (CMF) of Uganda was founded in 2000. As of year end 2004, it had over 42,000 active borrowers, with a gross loan portfolio of $3.9 million. Assets totaled $6.7 million, with a return of 7.06%. Total equity reported was $1.2 million with a debt to equity ratio of 480.51%.

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