Swiss ReponsAbility Global Microfinance Fund Loans USD 1 Million to Russian Forus Bank

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    Tuesday, December 12, 2006

    Swiss ReponsAbility Global Microfinance Fund Loans USD 1 Million to Russian Forus Bank

    » Posted by in Category: Eastern Europe and Central Asia,Investment Funds at 7:26 am

    The latest issue of the CGAP-MCM Newsletter announced that the Russian microfinance bank Forus Bank recently received a USD 1 million loan from responsAbility Global Microfinance Fund of Switzerland. As of November 2006, the fund’s position in Forus Bank was the largest it had in any single institution, composing 3.2% of its portfolio, totaling USD 2.5 million. It originally provided the bank with a USD 2 million loan in October 2005.

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