Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Reliance Financial Services Company based in Gambia, received a USD 250,000 loan from ShoreCap, and a USD 250,000 loan from Hivos-Triodos Fund. Financial Reliance goal is to increase banking services available to the Gambian Population, thus empowering the nation financially in an effort to reduce poverty. Currently, Financial Reliance does not report to the MIX Market, the microfinance information clearing house, and no financial information about the institution’s performance is currently available.

Continue reading “Reliance Financial Services Receives $500,000 in Loans from ShoreCap International Ltd. and the Hivos-Triodos Fund”