Another story courtesy of the CGAP/MIX capital markets newsletter. Hivos-Triodos, a microfinance fund based out of the Netherlands, made two loans to microfinance institutions (MFIs) in Latin Americr worth a total of USD 1.8 mn. The first of the two loans is a USD 1 mn investment in FINCA Ecuador, which was established in 1994 “to provide financial services and products to the lowest income families in Ecuador.” It reported to MIX marke, the microfinance information clearinghouse, as having a gross loan portfolio of USD 27.9 mn and USD 25 mn at the end of 2006.
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