The CGAP-MIX MCM Newsletter reported recently that the Microfinance Bank of Azerbaijan (MFBA) recently received a USD2 million loan from the Triodos-Doen Foundation and the Triodos Fair Share Fund. This was the second loan to the microfinance bank by Triodos-Doen, after its loan of USD1.5 million in August 2005, (page 17) which carried an interest rate of LIBOR +5%. There is no other available information on the terms of the latest loan.
Similar Posts:
- MICROCAPITAL BRIEF: UNI2 Microcrédito of Colombia Raises $3m in Debt from Triodos Microfinance Fund, Triodos Fair Share Fund
- MICROCAPITAL BRIEF: Enabling Qapital Loans $10m to AccessBank for Microfinance, SME Lending in Azerbaijan
- MICROCAPITAL BRIEF: ADB Issues $8.5m Bond to Fund On-lending to Women, Agricultural MSMEs in Azerbaijan
- MICROCAPITAL BRIEF: Mi-Bospo of Bosnia and Herzegovina Borrowing $2.2m from Grameen Credit Agricole Foundation for Microfinance Lending
- MICROFINANCE PAPER WRAP-UP: “Worth Your Weight: Experimental Evidence on the Benefits of Obesity in Low-income Countries,” by Elise Macchi
