MicroCredit Enterprises has lent $300,000 to CREDIT of Cambodia and $500,000 to Norwegian Microcredit (Normicro) of Azerbaijan.
MicroCredit Enterprises was established in 2005 and is based in Sacramento, California, USA. It is a nonprofit organization that leverages private capital to lend to nongovernmental microfinance organizations abroad. Since its inception it has guaranteed over $4.8 million in microloans. As of October 2006 it has 7 active microfinance investments in Bolivia, Cambodia, Ecuador, Nigeria, Peru, Tajikistan, and Azerbaijan.
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