MICROCAPITAL STORY: The Netherlands Development Finance Company offers USD 7 million Loan to Kenya’s K-Rep Bank

The Netherlands Development Finance Company (FMO), the international development bank of the Netherlands, and a major shareholder of K-Rep, Kenya’s first commercial Microfinance Bank, is also financing the company with a USD 7 million local currency loan. FMO as of 2005 has USD 3.1 billion in total assets and a 41% shareholder’s equity.

Continue reading “MICROCAPITAL STORY: The Netherlands Development Finance Company offers USD 7 million Loan to Kenya’s K-Rep Bank”

Similar Posts:

• MICROCAPITAL BRIEF: Pro Mujer Borrows $2m from Aequitas Impact Fund to Uplift Women-owned Businesses in Nicaragua
• MICROCAPITAL BRIEF: Oxfam, Goodwell Launch Pepea, $23m Fund to Invest in SMEs in East Africa
• MICROCAPITAL BRIEF: Baab Mobile Money App Combines Cryptocurrency, Traditional Financial Accounts
• MICROCAPITAL BRIEF: KEPFIC Member Pension Funds Invest $61m in Acorn Holdings, Kenya Mortgage Refinance Company (KMRC) to Boost Affordable Housing
• MICROCAPITAL BRIEF: Asociación de Cooperativas Argentinas (ACA) Borrows $80m from FMO, FinDev Canada, Rabobank to Boost Exports of Produce from 50,000 Farms in Argentina