Developpement International Desjardins (DID), a nonprofit subsidiary of Canadian cooperative Desjardins Group, has provided a senior loan of USD 1 million to Humo & Partners, a Tajikistan-based microfinance institution, to expand its portfolio. The loan was disbursed through the DID Partnership Fund, which invests in financial institutions in developing countries. Further information on the loan has not been released.
As of 2011, DID reports total assets of CAD 29.2 million (USD 30 million), return on assets of 5.5 percent and return on equity of 7.27 percent. As of 2012, Humo and Partners reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 19.4 million, a gross loan portfolio of USD 16.6 million, approximately 20,075 borrowers, return on assets of 8.15 percent and return on equity of 38.57 percent. The institution does not accept deposits.
By Megan McGowan, Research Associate
About Developpement international Desjardins (DID):
A subsidiary of cooperative institution Desjardins Group, Developpement international Desjardins (DID) is a Canadian corporation that specializes in providing technical support and investment for development finance in emerging economies. As of 2012, DID has 13 branches in approximately 20 nations in Africa, Latin America, the Caribbean, Asia and Central and Eastern Europe. As of 2012, DID reports total assets of CAD 29.2 million (USD 30 million), return on assets of 5.5 percent and return on equity of 7.27 percent.
About Humo and Partners:
Founded in 2004 in Tajikistan by the local affiliate of Switzerland-based nongovernmental organization CARE International, Humo and Partners is a microfinance institution (MFI) that serves micro- and small businesses. In addition to microcredit services, Humo offers consulting services relating to cash-flow analysis and business plans. As of 2012, Humo reported to the US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 19.4 million, a gross loan portfolio of USD 16.6 million, approximately 20,075 borrowers, return on assets of 8.15 percent and return on equity of 38.57 percent. The institution does not accept deposits.
Sources and Additional Resources:
Information sent to MicroCapital by DID.
MicroCapital, March 21, 2013, “Developpement international Desjardins (DID) Loans $500k to Cambodia Community Savings Federation (CCSF) to Expand Financial Cooperative Sector,” https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-loans-500k-to-cambodia-community-savings-federation-ccsf-to-expand-financial-cooperative-sector/
MicroCapital, September 21, 2012, “Developpement international Desjardins, Desjardins Fund for Inclusive Finance Loan $1.5m to Fundacion para el Desarollo Integral Espoir of Ecuador,” https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-desjardins-fund-for-inclusive-finance-loan-1-5m-to-fundacion-para-el-desarollo-integral-espoir-of-ecuador-2/
MicroCapital, July 31, 2011, “Developpement international Desjardins (DID), Financiere agricole du Quebec – Developpement international (FADQDI), Inter-American Institute for Cooperation on Agriculture (IICA) Collaborate on $20m Agricultural Microfinance Project Funded by Canadian International Development Agency (CIDA), Haitian Government,” https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-financiere-agricole-du-quebec-%E2%80%93-developpement-international-fadqdi-inter-american-institute-for-cooperation-on-agriculture/
MicroCapital Universe Profile: Developpement international Desjardins (DID):
MicroCapital Universe Profile: Humo and Partners, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=HUMO+and+Partners
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