The Global Microfinance Consortium lent over the equivalent of USD 2 mn to four microfinance institutions (MFIs) in three countries in Eastern Europe. Zena za Zena of Bosnia & Herzegovina received a loan of the equivalent of USD 790,000 as a second installment of a USD 1.3 mn (EUR 1 mn) loan. Zena za Zena reports to the MIX Market, the microfinance information clearinghouse, under the name "Women for Women," the English version of its name. At the end of 2005, it reported to having a gross loan portfolio of USD 2.7 mn and USD 2.8 in total assets. Prizma, also of Bosnia & Herzegovina received the second tranche of their USD 1.3 mn loan as an installment of USD 658,800. Prizma is a nonbank financial institution founded in 1997 “to support poor and low-income women formed into solidarity groups in small towns and rural areas.” MIX Market reports a gross loan portfolio of USD 15.9 mn and USD 17.2 mn in total assets as of 31 December 2006. MicroInvest of Moldova received its third and final tranche of a USD 988,600 loan as a USD 329,400 installment. It is a nonbank financial institution based out of Moldova. It was established in 2003 by the Soros Foundation Moldova and the NGO the Moldova Microfinance Alliance to microfinance to small businesses in rural and urban areas in the Republic of Moldova. It reports to MIX Market as having a gross loan portfolio of USD 4.1 mn and USD 6.9 mn in total assets as of 31 December 2006. During the same period, its capital/asset ratio was 23.73% and its debt/equity ration was 321.33%. The final piece of the Global Commercial Microfinance Consortium’s loan went to NorMicro of Azerbaijan as a USD 250,000 first tranche of a total USD 500,000 loan. NorMicro is a non-bank financial institution established in 1998. It has gross loan portfolio of USD 2.6 mn and USD 2.9 mn in total assets as of 31 December 2006, according to MIX Market. During the same period, it had a 79.66% debt/equity ratio and a 55.66% capital/asset ratio.
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