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Monday, June 25, 2007

MICROCAPITAL STORY: The Netherlands Development Finance Company offers USD 7 million Loan to Kenya’s K-Rep Bank

» Posted by MicroCapital Team in Category: An Emerging Asset Class? at 7:30 am

The Netherlands Development Finance Company (FMO), the international development bank of the Netherlands, and a major shareholder of K-Rep, Kenya’s first commercial Microfinance Bank, is also financing the company with a USD 7 million local currency loan. FMO as of 2005 has USD 3.1 billion in total assets and a 41% shareholder’s equity.