ResponsAbility Global Microfinance Fund, a Luxembourg-based fund, provided loans to 7 Latin American microfinance institutions (MFIs) totaling over USD 3.9 mn. The first USD 1 mn loan went to Nicaraguan nonprofit MFI Fondo de Desarrollo Local (FDL). FDL reported to MIX market, the microfinance information clearinghouse, to having a gross loan portfolio of USD 43.8 mn at the end of 2006 and USD 55.2 mn in total assets during the same period. It has USD 9.7 mn in total equity and 61,555 active borrowers. ResponsAbility lent USD 981,600 to Mexican MFI AsesorÌÐa Dinámica a Microempresas (ADMIC), which most recently reported to MIX market on 31 December 2002. At that point, ADMIC had 6,630 active borrowers, a gross loan portfolio of USD 3.1 mn and USD 4.9 mn in total assets. The next loan of USD 600,000 went to Nicaraguan MFI Prestanic. As of 31 December 2005, Prestanic has 5,968 active borrowers, a gross loan portfolio of USD 6.9 mn and USD 8.8 mn in total assets. Banco ProCredit of Ecuador received at USD 500,000 loan. As of 31 December 2006, Banco ProCredit reported to MIX market as having 39,350 active borrowers, a gross loan portfolio of USD 117.4 mn and USD 136.9 in total assets. A USD 400,000 loan went to Sociedad Cooperativa de Ahorra y Crédito of El Salvador, which, as of 31 December 2005, has 8,783 active borrowers, a gross loan portfolio of over USD 6.5 mn and USD 8.56 mn in total assets. Another MFI from El Salvador, Fundación Campo, received a loan of USD 200,000. It reported at the end of 2005 to having 2,962 active borrowers, a gross loan portfolio of USD 2.1 mn and over USD 2.5 mn in total assets. The Peruvian MFI Corporación de Productores Café, which does not report to MIX market, rounds out the group by receiving USD 250,000 in loans.
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