Oikocredit, a microfinance investment fund in the Netherlands with total assets of USD 665 million, recently loaned approximately USD 3.46 million to three Latin American microfinance institutions (MFIs). Contactar (Corporacion Narino Empresa y Futuro), a Colombian MFI established in 1995 that reported 2009 assets of USD 14.7 million, received COP 1 million (USD 521,000). Sociedad Cooperativa Patronato para el Desarrollo de las Comunidades de Morazon y San Miguel Credit (PADECOMSMCREDITO), a Salvadoran MFI established in 1994 that reported 2009 assets of USD 3.59 million, received USD 500,000.Banco Itapua, a Paraguay-based financial institution, received USD 2.44 million.?Financial data on Banco Itapua are not available.
About Oikocredit:
Oikocredit is a Dutch cooperative investment fund comprised of church groups, social support groups and individual investors. Established in 1975, it works in 70 countries worldwide, investing mainly in microfinance institutions (MFIs), as well as trade cooperatives, fair trade organizations and small and medium-sized enterprises (SMEs) in the developing world. As of 2009 it had USD 665 million in total assets with 790 active investments, of which 543 were in MFIs.
About Contactar (Corporacion Narino Empresa y Futuro):
Contactar (Corporacion Narino Empresa y Futuro) is a Colombian microfinance institution (MFI) that was established in 1995. According the MIX Market, the microfinance information clearinghouse, Contactar had USD 14.7 million in total assets, a gross loan portfolio of USD 14.5 million, 20,100 borrowers, 19 branches, 10.40 percent return on assets (ROA) and 24.31 percent return on equity (ROE) as of 2009.
About Sociedad Cooperativa Patronato para el Desarrollo de las Comunidades de Morazon y San Miguel Credito (PADECOMSMCREDITO):
Sociedad Cooperativa Patronato para el Desarrollo de las Comunidades de Morazon y San Miguel Credito (PADECOMSMCREDITO) is a Salvadoran microfinance institution (MFI) that was established in 1994. According the MIX Market, the microfinance information clearinghouse, PADECOMSMCREDITO had USD 3.59 million in total assets, a gross loan portfolio of USD 2.76 million, 2,552 borrowers, 5 branches, 2.01 percent return on assets (ROA) and 7.77 percent return on equity (ROE) as of 2009.
About Banco Itapua:
Banco Itapua is a Paraguay-based financial institution that is structured in two divisions, personal banking and corporate banking. Its services and products include savingS and current accounts, fixed-term deposits, debit and credit cards, consumer and commercial loans, mortgages, financial assessment and foreign trade. The Bank operates a network of branches located in Asuncion, Paraguay, as well as in the regions of Itapua, Misiones and Alto Parana. Financial data for Banco Itapua are not available.
By Matthew Fox, Research Assistant
Sources and Additional Resources:
E-mail correspondence with MicroCapital
MicroCapital Universe: Contactar (Corporacin Nari?o Empresa y Futuro): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Contactar
MicroCapital Universe: Sociedad Cooperativa Patronato para el Desarrollo de las Comunidades de Moraz?n y San Miguel Credito (PADECOMSMCREDITO): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=PADECOMSMCREDITO
Banco Itapua SAECA: http://www.bancoitapua.com.py/
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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