The European Bank for Reconstruction and Development Lends $10.2 Million to Expand MIKROFIN’s Microcredit Activities

MIKROFIN received a $10.2 million convertible loan from the European Bank for Reconstruction and Development (EBRD). The funds are being used to expand MIKROFIN’s lending activities, and to help structure it into a shareholding company. The EBRD has the right to an equity stake in MIKROFIN if it exercises the loan convertibility feature in the future.

Continue reading “The European Bank for Reconstruction and Development Lends $10.2 Million to Expand MIKROFIN’s Microcredit Activities”

Similar Posts:

• MICROCAPITAL BRIEF: EBRD Loans $4.4m to KEP Trust of Kosovo with Focus on Rural, Women-led MSMEs
• MICROCAPITAL BRIEF: EBRD Purchases 5% Equity Stake in ProCredit from IFC, Increasing Exposure to SMEs in Europe, Ecuador
• MICROCAPITAL BRIEF: Uzpromstroybank (UzPSB) Borrowing $15m from EBRD for SMEs in Uzbekistan
• MICROCAPITAL BRIEF: EBRD Loans KICB $7m for MSME Financing in Kyrgyzstan
• MICROCAPITAL BRIEF: EBRD Loaning $5m to ING Finansal Kiralama for Leasing for Energy Efficiency, Renewables in Turkiye