by Elva Montelongo -

MICROCAPITAL BRIEF: Maquita Cushunchic Borrowing $2m from DID Aequitas Fund for Microfinance, Small-enterprise Lending in Ecuador

Cooperativa de Ahorro y Crédito Maquita Cushunchic, a financial institution founded by women in Ecuador, recently accepted a loan of USD 2 million from Aequitas, a fund managed by a holding of Desjardins International Development (DID), which in turn is a member of the Canada-based cooperative Desjardins Group. Maquita Cushunchic, which mainly serves micro- and small enterprises, was founded in 1997 and since has grown to serve

by the MicroCapital Team -

MICROCAPITAL BRIEF: Microfinance Institution Fundeser of Nicaragua Borrows $1m from Aequitas, Marking Fund’s 1st Disbursement

Microfinanciera Fundeser, a microfinance institution serving rural Nicaragua, recently agreed to borrow USD 1 million from Aequitas, a fund launched by Desjardins International Development (DID), a unit of the Canadian cooperative Desjardins Group. This is the first loan disbursed by Aequitas, which was launched in 2021 with an investment of