MICROCAPITAL BRIEF: Dutch Microfinance Organization Qredits Receives $38.6 m in Loans From BNG, Rabobank, ING and ABN-AMRO

The Dutch microfinance organization Qredits, a foundation which provides financing to microentrepreneurs in the Netherlands and is operated as a partnership of the Dutch government and several banks, received EUR 30 million (the equivalent of USD 38.6 million) in loans from four Dutch banks, the Bank for Dutch Councils (BNG), Rabobank, ING and ABN-AMRO. Half of the loan is from BNG while the three other banks are providing the remaining half, with breakdown among them unspecified.

The Dutch government guarantees 80 percent of the loan by BNG.

Qredits currently does not report data to the Microfinance Information Exchange (MIX), the microfinance clearinghouse.

About Qredits:
Qredits is a private foundation operated by the Dutch Ministry of Social Affairs & Employment, the Dutch Ministry of Economic Affairs, ABN-AMRO, ING Netherlands and Rabobank. Founded in 2009, it provides financing to microentrepreneur in the Netherlands.

By Trevor Kwong, Research Assistant

Sources and Additional Resources:
[1] Radio Netherlands Worldwide: Dutch Bank to Provide ? 30 million for Microfinance in Netherlands:
http://www.rnw.nl/english/article/dutch-banks-provide-30-million-euros-microcredits

[2] MicroCapital Universe: Qredits:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=qredits

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