Tag: guarantee

Unitus, Inc. funds loan guarantee for Kenyan microfinance bank

January 31, 2011 Update

Unitus, Inc. partners with Financial Sector Deepening Kenya to provide guarantee for a $400,000 loan facility to Yehu Microfinance based in Mombasa, Kenya Unitus, Inc. has provided a grant of USD$350,000 to Financial Sector Deepening Kenya (FSDK) in support of a loan guarantee which FSDK is providing for a new USD$400,000 loan facility extended to Yehu… Read more >

Unitus Teams Up With OPIC & Citi

March 29, 2010 Press Release

Unitus Teams Up With OPIC & Citi to Make $15 Million Available for the Development of Emerging Microfinance Institutions Credit facility will provide debt funding to smaller MFIs in challenging markets SEATTLE, 29 March 2010 – In their ongoing effort to empower the world’s poor through microfinance, international nonprofit Unitus, Inc., the Overseas Private Investment… Read more >

Unitus Guarantees Loan; Partner IIRM Launches on MicroPlace

February 1, 2008 Update

On December 20th, Unitus successfully closed a $550,000 guarantee facility for partner IIRM, enabling the microfinance institution to access local (Indian) currency from Citigroup. By guaranteeing repayment, Unitus is helping IIRM provide 4,000 loans to new and existing microfinance clients. To help underwrite this guarantee, Unitus received a $250,000 facility from Calvert Foundation, which is… Read more >