Developpement international Desjardins (DID), the development subsidiary of Canadian cooperative institution Desjardins Group, recently disbursed a USD 500,000 loan to the Cambodia Community Savings Federation (CCSF), a financial cooperative network that serves approximately 30 financial institutions holding assets of USD 7 million in Cambodia. CCSF plans to use the three-year loan to support the growth of the financial cooperative sector in the country by increasing outreach to its members. Further details on the loan have not been released.
As of 2011, DID is assisting projects in approximately twenty nations in Africa, Latin America, the Caribbean, Asia and Central and Eastern Europe. As of the same date, 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.
By Charlotte Newman, 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 2011, DID is assisting projects in approximately 20 nations in Africa, Latin America, the Caribbean, Asia and Central and Eastern Europe. As of the same period, 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.
Sources and Additional Resources:
Information sent to MicroCapital by DID.
MicroCapital.org story, September 21, 2012, “MICROCAPITAL BRIEF: 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.org story, July 31, 2011, “MICROCAPITAL BRIEF: 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)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Developpement+International+Desjardins+%28DID%29
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: Desjardins Lending $1m from Aequitas Impact Fund to ADIGUA to Expand Microfinance Loans in Guatemala
- MICROCAPITAL BRIEF: Aequitas Impact Fund Loans $1.7m to Sipem Banque to Boost Microfinance in Madagascar
- MICROCAPITAL BRIEF: Maquita Cushunchic Borrowing $2m from DID Aequitas Fund for Microfinance, Small-enterprise Lending in Ecuador
- MICROCAPITAL BRIEF: Pro Mujer Borrows $2m from Aequitas Impact Fund to Uplift Women-owned Businesses in Nicaragua
- MICROCAPITAL BRIEF: IDB Invest, Oikocredit Subscribing to $20m Bond from CJA to Finance MSMEs in Ecuador, Targeting Underrepresented Groups
