MICROCAPITAL BRIEF: Cooperative Daquilema, Symbiotics Partner on $6.5m Bond Issue to Boost MSME Lending Among Indigenous Populations in Ecuador

Cooperativa de Ahorro y Crédito Fernando Daquilema, a cooperative in Ecuador, recently partnered with Symbiotics, a Switzerland-based impact investing firm, to raise USD 6.5 million via a bond issue with a term of three years. Daquilema is to on-lend the funds in amounts up to