Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund loans USD 561,600 to Marang Financial Services, based in South Africa. The investment by Hivos-Triodos Fund hopes to encourage growth in the foundation by providing the means for new loans. Marang Financial Services (Marang) is a Development Microfinance Institution, working towards enabling poor to access a range of financial services. Marang does not report to the MIX Market, the microfinance clearing house, but according to its annual report, as of March 31st 2003, Marang had total assets amounting to approximately USD 16.5 mm.
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