Moroccan Attijariwafa Bank Provides USD 2.7 Million Loan to Moroccan Microfinance Institution FONDEP

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Thursday, January 4, 2007

Moroccan Attijariwafa Bank Provides USD 2.7 Million Loan to Moroccan Microfinance Institution FONDEP

» Posted by in Category: Asia,Investment Funds at 6:15 pm

FONDEP, a microfinance institution (MFI) based in Morocco recently received USD 2.7 million in local currency funding from Attijariwafa Bank, a local bank. The deal was engineered by the Grameen-Jameel Initiative, which provided a USD 888,000 guarantee on the loan.

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