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Partners: Sarona Risk Capital Fund
There is a key stage in a business life when it needs high risk capital to give it the chance to prove itself, attract other capital, and begin to move to profitability. The Sarona Risk Capital Fund is set up to provide that need. Sarona has already contributed to the success of many business, funds, and microfinance institutions (MFIs), including MiCrédito. Sarona continues to be a key partner in MiCrédito's development.
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DID YOU KNOW? In 1997, delegates from 137 countries gathered at the Microcredit Summit in Washington to launch an ambitious campaign goal — to provide microloans to 100 million of the world's poorest families by the end of 2005. A 2005 progress report noted that more than 66 million families had been helped as of the end of 2004, representing more than 330 million people. The summit campaign believes the 100-million goal will be reached by the end of 2006 or 2007. (Source: www.cbc.ca)
MEET MICREDITO CLIENTS...
José de Jesus Salgado farms corn, cropped sesame and sorghum on his 42 acres of land outside of Leon in Nicaragua. While he's farmed for 20 years, his hard work hasn't always paid off. Read more... |