MICROCAPITAL BRIEF: Incofin Lends $6m to Microfinance Institutions Vision Banco of Paraguay, Lazika Capital of Georgia, Credit Mongol of Mongolia, Forus Bank of Russia: "Credit Mongol LLC was established as a limited liability company in 2000 as part of the European Union Tacis Programme, which seeks to help countries in Eastern Europe and Central Asia transition into market economies. Credit Mongol provides microloans to small and medium-sized enterprises and currently serves six regions in Mongolia. As of June 2011, Credit Mongol reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 10.7 million and a gross loan portfolio of USD 8.85 million. As of December 2010, it reported ROA of 7.08 percent and ROE of 26.7 percent."
'via Blog this'
