The Triodos Fair Share Fund provided USD 1.25 mn in loans to Nicaraguan microfinance institution (MFI) Financiera Nicaraguense de Desarrollo S.A. (FINDESA). Triodos is a closed mutual fund of the Triodos Bank that began in 2002. According to MIX market, the microfinance information clearinghouse, it had USD 18.6 mn in fund assets and 13 active microfinance investments as of 31 December 2005. 62 percent of its investments are located in Latin America and the Caribbean, 17 percent in East Asia and the Pacific, 12 percent in Africa, and the remaining 9 percent in Eastern Europe and Central Asia
Continue reading “Nicaraguan Microfinance Institution Findesa Receives a USD 1.25 mn Loan from Triodos Fair Share Fund”
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