The CGAP-MCM Newsletter recently reported that FINCA International LLC, Russia (ZAO FINCA) received a USD2 million loan from the reponsAbility Global Microfinance Fund. The investment in FINCA Russia was the fund’s first transaction in Russian rubles and currently composes 2.5% of the funds portfolio. Previously, the fund has also invested in two other Russian microfinance institutions (MFIs), the Russian Women’s Microfinance Network (RWMN) and FORA.
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