MICROCAPITAL BRIEF: Berendina Micro Investments of Sri Lanka Receives $393k Guarantee from Grameen Credit Agricole Foundation for Microfinance Lending

Berendina Micro Investments Company (BMIC) of Sri Lanka has secured a loan guarantee of EUR 375,000 (USD 426,000) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, allowing the microfinance institution to secure funding from an unidentified third party. BMIC will use the funding to boost its microlending in