In 1971, the Triodos Foundation in the Netherlands began investment operations that would become Triodos Bank. The Dutch bank did not come into official existence until 1980, when Triodos Bank was founded with EUR 540,000 in share capital, USD 735,993 at today’s exchange rate. Since then, the bank has provided private banking services as well as created various investment funds, financing social development worldwide.
Search Results for: Triodos Microfinance Fund
MICROCAPITAL STORY: Global Partnerships Microfinance Fund Lends USD 750,000 to Microfinance Institution (MFI) Pro Mujer Bolivia
Here is another story coming courtesy of the Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse. Global Partnerships, a US-based investment firm devoted to microfinance, has struck an investment deal with microfinance institution (MFI) Pro Mujer Bolivia. The deal consists of a USD 750,000 loan from Global Partnerships Microfinance Fund 2006 to the Bolivian MFI (see “Investments”).
MICROCAPITAL STORY: Dutch Fund Triodos-Doen Makes a USD 662,175 Loan to Opportunity International – Sinapi Aba Savings and Loans Ltd. of Ghana
This story comes to us here at MicroCapital.org courtesy of the May 2007 CGAP-MIX Capital Markets Update Newsletter. The Dutch fund Triodos-Doen made a USD 662,175 loan to the microfinance institution (MFI) Sinapi Aba Savings and Loan Ltd, which is under the umbrella organization of Opportunity International. Sinapi Aba reported to MIX market, the microfinance information clearinghouse, at the end of 2006 as having a gross loan portfolio of USD 13.6 million and USD 19.3 million in total assets. Its capital to asset ratio is 32.59% and its debt to equity ratio is 206.81%.
MICROCAPITAL STORY: Dutch Hivos-Triodos Lends USD 1.56 Million to AMRET of Cambodia and USD 1.32 Million to the Kazakhstan Loan Foundation
This story comes to us here at MicroCapital.org courtesy of the May 2007 CGAP-MIX Capital Markets Update Newsletter. The Dutch fund Hivos-Triodos made a loan of USD 1.56 mn to the Cambodian microfinance institution (MFI) AMRET, formerly EMT. According to the MIX Market, the microfinance information clearinghouse, it was established in 1991 to provide loans and voluntary savings. As of the end of 2006, it had a gross loan portfolio of USD 17.6 mn and USD 22.8 mn in total assets. Its capital to asset ratio is 25.79% and its debt to equity ratio is 287.81%.
Dutch Hivos-Triodos Fund and Triodos Fair Share Fund Make a USD 1.45 mn Loan to K-REP Bank of Kenya
More deals coming to us courtesy of the April 2007 CGAP-MIX newsletter. The Kenyan full-scale financial services bank K-REP received a USD 1.45 loan from the Hivos-Triodos Fund and the Triodos Fair Share Fund. K-REP reported to the MIX Market, the microfinance information clearinghouse, at the end of 2006 as having a gross loan portfolio of USD 54 mn and USD 74.9 mn in total assets spread over 114,301 active borrowers. It has a 17.2 percent capital to asset ratio, a 481.36 percent debt to equity ratio, and a 43.95 percent deposit to loan ratio during the same period.
Continue reading “Dutch Hivos-Triodos Fund and Triodos Fair Share Fund Make a USD 1.45 mn Loan to K-REP Bank of Kenya”
Hivos-Triodos Lends USD 1 mn to FINCA Ecuador and USD 800,000 to Edpyme Crear Tacna in Peru
Another story courtesy of the CGAP/MIX capital markets newsletter. Hivos-Triodos, a microfinance fund based out of the Netherlands, made two loans to microfinance institutions (MFIs) in Latin Americr worth a total of USD 1.8 mn. The first of the two loans is a USD 1 mn investment in FINCA Ecuador, which was established in 1994 “to provide financial services and products to the lowest income families in Ecuador.” It reported to MIX marke, the microfinance information clearinghouse, as having a gross loan portfolio of USD 27.9 mn and USD 25 mn at the end of 2006.
Reliance Financial Services Receives $500,000 in Loans from ShoreCap International Ltd. and the Hivos-Triodos Fund
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Reliance Financial Services Company based in Gambia, received a USD 250,000 loan from ShoreCap, and a USD 250,000 loan from Hivos-Triodos Fund. Financial Reliance goal is to increase banking services available to the Gambian Population, thus empowering the nation financially in an effort to reduce poverty. Currently, Financial Reliance does not report to the MIX Market, the microfinance information clearing house, and no financial information about the institution’s performance is currently available.
Pro Mujer Bolivia Receives 1 Million in Microfinance Loans from Hivos-Triodos and responsAbility Global Microfinance
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Pro Mujer Bolivia received a USD 500,000 loan from Hivos-Triodos Fund and a USD 500, 000 loan from responsAbility Global Microfinance Fund. Pro Mujer is an international microfinance network which offers an integrated package of services including loans, savings, business training, healthcare and education to Latin America’s poorest female entrepreneurs. Established in Bolivia in 1990, Pro Mujer also operates in Argentina, Mexico, Nicaragua and Peru. Pro Mujer Bolivia is Pro Mujer’s pilot program, and has been the model on which all the other country programs have been built. As of December 2006 Pro Mujer Bolivia had 74,106 active borrowers. Its gross loan portfolio equaled USD 13,588,275, total assets equaled USD 18,320,623, total equity equaled USD 8,573,644 and its debt to equity ratio was 113.69%.
Hivos-Triodos Invests 1 million in the Honduran Microfinance Institution, ODEF
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund loans USD 1 mm to ODEF. ODEF (Organización de Desarollo Empresarial Feminino) is a Honduran non-profit microfinance institution that was established in 1992. According to the MIX Market, the microfinance institution informational clearinghouse, ODEF’s gross loan portfolio equaled USD 7.9 mm, and its total assets were USD 10.3 mm at year’s end 2005. Its debt to equity ratio was 142.45%, its return on assets was 2.02%, and its return on equity was 4.32% at that time. In addition, as of the end of 2005, it reached 13,826 active borrowers and 8,101 savers.
Continue reading “Hivos-Triodos Invests 1 million in the Honduran Microfinance Institution, ODEF”
Hivos-Triodos Fund Invests 561,600 in Marang Financial Services
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund loans USD 561,600 to Marang Financial Services, based in South Africa. The investment by Hivos-Triodos Fund hopes to encourage growth in the foundation by providing the means for new loans. Marang Financial Services (Marang) is a Development Microfinance Institution, working towards enabling poor to access a range of financial services. Marang does not report to the MIX Market, the microfinance clearing house, but according to its annual report, as of March 31st 2003, Marang had total assets amounting to approximately USD 16.5 mm.
Continue reading “Hivos-Triodos Fund Invests 561,600 in Marang Financial Services”
Hivos-Triodos loans 650,300 to Sinapi Aba a Ghanaian Microfinance Institution
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund loans USD 650,300 to Sinapi Aba Savings and Loans Ltd, based in Ghana. Sinapi established in 2004 to provide financial services in the form of loans and deposits to micro and small entrepreneurs in order to help increase their income. According to the MIX Market, as of December 31st 2005, Sinapi had a gross loan portfolio of USD 4,766,482 total assets of 8,211,045, a return on assets of -0.45% and a debt to equity ratio of 160.69%.
Continue reading “Hivos-Triodos loans 650,300 to Sinapi Aba a Ghanaian Microfinance Institution”
Hivos-Triodos Fund Invests 300,000 in Fundación José Nieborowski
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter. Hivos-Triodos Fund invested USD 300,000 in Fundación José Nieborowski, based in Nicaragua. The investment by Hivos-Triodos Fund hopes to encurage growth in the foundation by providing the means for new loans. Fundación José Nieborowski is a non-regulated financial institution, created in Boaco, a town in the interior of Nicaragua. The organisation is specifically active in cattle breeding areas of Nicaragua. Fundación José Nieborowski goal is to alleviate poverty by providing services for small entrepreneurs of both rural and urban sectors. According to the MIX Market, as of December 31st 2005, Fundación José Nieborowski had a gross loan portfolio of USD 15,590,101 total assets of 17,669,008, a return on assets of 4.21% and a debt to equity ratio of 338.75%. Micro-Rate, a rating agency of microfinance, has given Fundación José Nieborowski a rating of B + for 2004.
Continue reading “Hivos-Triodos Fund Invests 300,000 in Fundación José Nieborowski”
Tridos Fair Share Fund Invests USD 1 million in the Cambodian Entrepreneur Building Ltd.
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter. Triodos Fair Share Fund invested USD 1 mm in the Cambodian Entrepreneur Building Ltd. (CEB). The equity investment by Triodos will allow CEB to further grow its portfolio, and to mature the organizational and operational structure, in order to improve the governance of the organization. Triodos Fair Share fund was launched in December 2002 and its goal is to alleviate poverty by providing the opportunity for Dutch people to invest in the microfinance sector in developing countries. Tridos Fair Share fund, reports to MIX market, the microfinance information clearinghouse, as having USD 18,602,516 in Fund Assets, of which USD 16,928,289 are allocated to microfinance investments and USD 1,490,593 is invested in or committed to microfinance investments but not yet disbursed as of 31 December 2005. During the same period, Tridos Fair Share had 13 active microfinance investments with USD 9,471,600 allocated to microfinance investments projected in the following 12 month.
Triodos-Doen and Triodos Fair Share Fund Purchase USD 154,000 in Equity from Mongolian XacBank
The CGAP-MIX MCM Newsletter recently reported that Mongolian microfinance institution (MFI) XacBank, sold USD 154,000 in equity to Dutch microfinance funds Triodos-Doen Foundation and Triodos-Doen Foundation.
XacBank formed in 2001 after Goviin Ekhlel and X.A.C., Mongolia’s two largest non-bank financial institutions, merged. As of the end of 2005, the bank had a gross loan portfolio of $30 million, total assets of $48.1 million, and total equity of $7.7 million, according to the microfinance information database, MIX Market. XacBank’s return on assets was 2.59% while return on equity was 16.31%. It received an A from the microfinance rating agency, Planet Rating.
Georgian Microfinance Institution Constanta Receives Loan from Dutch Triodos-Doen
The CGAP-MCM Newsletter reported that Constanta Foundation, a microfinance institution (MFI) based in Georgia, recently received a USD636,000 loan from Dutch fund Triodos-Doen. The MFI has recently received loans from several other funds including, The Global Commercial Microfinance Consortium (GCMC), the responsAbility Global Microfinance Fund, and Oikocredit. The loan was Triodos-Doen’s first investment in the Georgian microfinance sector.
Continue reading “Georgian Microfinance Institution Constanta Receives Loan from Dutch Triodos-Doen”
Global Commercial Microfinance Consortium Delivers Loan to Mongolian Microfinance Institution XacBank
Several deals involving the XacBank, a Mongolian microfinance institution (MFI), were reported in the latest addition of the CGAP-MIX MCM Newsletter. Two of the transactions, one in which shares in the MFI were sold to the Triodos-Doen Foundation and the Triodos Fair Share Fund and another involving a loan from the European Bank for Reconstruction and Development (EBRD), have already been covered by MicroCapital (see additional resources below). The third deal was a 4-year USD4 million loan from the Global Commercial Microfinance Consortium (GCMC).
ShoreCap International and Triodos-Doen Invest USD2 Million in Microfinance Institution BRAC Afghanistan
The CGAP/MIX Microfinance Capital Markets Update (MCM) reported that the Afghani operation of Bangladesh Rural Advancement Committee (BRAC), a microfinance institution (MFI), has recently received an influx of capital through the sale of USD 2 million in equity. ShoreCap International and the Triodos-Doen each invested USD 1 million in the institution.
Triodos-Doen Foundation and Triodos Fair Share Fund Invest Over $3 Million: Loans to XacBank of Mongolia, Mikrofin of Bosnia & Herzegovina, and MicroInvest of Moldova
The Triodos-Doen Foundation and Triodos Fair Share Fund invested over $3 million in microfinance institutions in Eastern Europe and Central Asia. Both are under management of Triodos International Fund Management, part of the Triodos Bank Group of the Netherlands. Triodos-Doen is 1994 joint initiative of DOEN Foundation and Triodos Bank, which reported fund assets of $38.5 million at the end of 2005. Closed mutual fund Triodos Fair Share Fund was launched in 2002 and reported fund assets of $18.6 million last year.