Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Hivos-Triodos Fund loans USD 1 mm to ODEF. ODEF (Organización de Desarollo Empresarial Feminino) is a Honduran non-profit microfinance institution that was established in 1992. According to the MIX Market, the microfinance institution informational clearinghouse, ODEF’s gross loan portfolio equaled USD 7.9 mm, and its total assets were USD 10.3 mm at year’s end 2005. Its debt to equity ratio was 142.45%, its return on assets was 2.02%, and its return on equity was 4.32% at that time. In addition, as of the end of 2005, it reached 13,826 active borrowers and 8,101 savers.
Continue reading “Hivos-Triodos Invests 1 million in the Honduran Microfinance Institution, ODEF”
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