Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund invested USD 232,904 in Bereke, based in Eastern Kazakhstan. The investment by Hivos-Triodos Fund hopes to encourage growth in the foundation by providing the means for new loans. Created in 2003, Bereke’s mission is to promote a better life through economic support. According to the MIX Market, as of December 31st 2005, Bereke had a gross loan portfolio of USD 1,272,880 total assets of 1,513,099, a return on assets of 14.90% and a debt to equity ratio of 0.72%.
Continue reading “Hivos-Triodos Fund Invests $232,904 in the Microfinance Institution, Bereke”
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