Dutch Oikocredit Invests over USD 1.2 mn in Three Filipino Microfinance Institutions: ASA Philippines Foundation, National Confederation of Cooperatives in the Philippines, Milamdec Foundation

More deals coming to us courtesy of the April 2007 CGAP-MIX newsletter. The Dutch financial development cooperative Oikocredit made three loans totaling over USD 1.2 mn to three separate microfinance institutions (MFIs) in the Philippines. ASA Philippines Foundation, which does not report to MIX market, the microfinance information clearinghouse, or make its financial data available to the public, received a loan of USD 625,500. The National Confederation of Cooperatives in the Philippines (NATCCO) received a loan of USD 417,500. NATCCO is a credit union that was created in 1977 by the joining of five regional training centers in the Philippines. NATCCO also does not report to the MIX market.

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