Posted by Kristha Abores
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 4 million to Cambodian financial institutions ACLEDA Bank and Hattha Kaksekar Limited (HKL). ACLEDA Bank received USD 1 million each from three microfinance investment vehicles (MIVs) managed by responsAbility: responsAbility Microfinance Leaders Fund (rAMLF), responsAbility Global Microfinance Fund (rAGMF) and responsAbility Mikrofinanz-Fonds (rAMF). HKL received USD 1 million from rAMF.
ACLEDA Bank provides a range of banking services including deposits, loans, cash management and trade services. As of 2010, ACLEDA reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 1.16 billion, return on assets (ROA) of 2.56 percent and return on equity (ROE) of 22.4 percent. As of September 30, 2011, ACLEDA reported a gross loan portfolio of USD 905 million and 264,000 active borrowers. Read the full article at MicroCapital.org.
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