Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter. Hivos-Triodos Fund loans USD 1.18 mm to Pride Tanzania. The investment by Hivos-Triodos Fund hopes to encurage growth in the foundation by providing the means for new loans. Established in 1994, the mission of Pride Tanzania is to create a sustainable financial services network for micro-entrepreneurs in order to stimulate business growth, and alleviate poverty in Tanzania. According to the MIX Market, as of December 31st 2005, Pride Tanzania had a gross loan portfolio of USD 12,738,424 total assets of 13,779,696, a return on assets of 3.79% and a debt to equity ratio of 271.11% . In addition, as of December 31st 2005, Pride Tanzania had active borrowers totaling 71,315.
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