responsAbility Global Microfinance Fund Loans $750,000 to Microfinance Institution (MFI) Fundacion Nieborowski in Nicaragua

responsAbility Global Microfinance Fund loaned $750,000 to Fundacion Jose Nieborowski, a non-profit established in 1993 to promote development in the province of Boaca, Nicarauga. Fundacion Nieborowski reported a gross loan portfolio of $15.6 million, total assets of $17.7 million, total equity of $4 million, return on assets of 4.21%, and return on equity of 19.4% to the MIX Market. MicroCapital recently reported on the $1 million syndicated loan it received from the Triodos-Doen fudn.

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