Cashpor, an Indian microfinance institution founded in 1997, is receiving a loan for 50 million Indian Rupees (or US$1.1 million) with a US$110,000 guarantee from the Grameen Foundation. As of March 31, 2006, Cashpor served over 123,000 borrowers, composing a gross loan portfolio of $11.4 million. Assets totaled $13.9 million; return was negative 11.44%.
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