Clarification: Local funding to increase in Latin America's microfinance industry - BlueOrchard

Wednesday, February 23, 2011

BNamericas reported on February 18 that the Netherlands Development Finance Company FMO and Canada's Developpement International Desjardins were among the investors in the MiGroF microfinance fund, which is managed by Geneva-based microfinance investment manager BlueOrchard.

However, although the two signed the MOU when the fund was created, they have not contributed to MiGroF's funding.

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