Tag: Microplace

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 >