News coming to us courtesy of the CGAP-MIX MCM October Newsletter, Mali’s Soro Yiriwaso was extended a three-year, $580,000 loan from Oikocredit. Soro Yiriwaso was established in 2000 as a microfinance institution to provide women in Sikasso province with credit. According to year end 2005 Microfinance Information eXchange (MIX) data, its 18,574 borrowers make up a total loan portfolio of $1.3 million. In addition, it has assets worth $1.6 million, return on assets of -17.5% and debt to equity ratio of 54.5%. Soro Yiriwaso’s primary funders are Save the Children (a charity with $396 million 2005 revenue) and APIM-Mali (Association Professionnelle des Institutions de la Microfinance au Mali), a Mali nongovernmental organization.
Continue reading “Mali Microfinance Institution Soro Yiriwaso Loaned $581,400 from Oikocredit”
Similar Posts:
- MICROCAPITAL BRIEF: Oikocredit Loans MyCredit $2.6m for SME Financing in Kenya
- MICROCAPITAL BRIEF: Peruvian Fintech Lender Prestamype Concludes $5m Equity Funding Round Led by Acumen Subsidiary ALIVE Ventures, Oikocredit
- MICROCAPITAL BRIEF: Oikocredit Loans Yellow of Uganda $5m for Off-grid Solar Energy in Africa
- MICROCAPITAL BRIEF: IDB Invest, Sura Investments Channeling $25m in Loans to SMEs, Mid-market Firms in Colombia
- MICROCAPITAL BRIEF: Global Partnerships, Goodwell, Oikocredit Invest $8.5m in Equity in Good Nature Agro to Boost Profits of Small Farms in Southern Africa
