This story comes to us here at MicroCapital.org courtesy of the May 2007 CGAP-MIX Capital Markets Update Newsletter. Oikocredit of the Netherlands made twenty seperate loans to microfinance institutions (MFIs) worldwide between March 22, 2007 and April 25, 2007. The most recently disbursed portion of this USD 19.7 mn in funding from the Dutch-based Oikocredit went to the Centro de Apoio aos Pequenos Empreendimentos (CPAE) of Brazil via a USD 308,417 loan on April 25, 2007. The CPAE reported to the MIX market, the microfinance information clearinghouse, at the end of 2005 as having a gross loan portfolio of USD 3.8 mn and USD 4.5 mn in total assets. Its capital to asset ratio during the same time period was 57.74% and its ratio of debt to equity was 73.18%.
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