More deals coming to us courtesy of the April 2007 CGAP-MIX newsletter. The Kenyan full-scale financial services bank K-REP received a USD 1.45 loan from the Hivos-Triodos Fund and the Triodos Fair Share Fund. K-REP reported to the MIX Market, the microfinance information clearinghouse, at the end of 2006 as having a gross loan portfolio of USD 54 mn and USD 74.9 mn in total assets spread over 114,301 active borrowers. It has a 17.2 percent capital to asset ratio, a 481.36 percent debt to equity ratio, and a 43.95 percent deposit to loan ratio during the same period.
Continue reading “Dutch Hivos-Triodos Fund and Triodos Fair Share Fund Make a USD 1.45 mn Loan to K-REP Bank of Kenya”
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