MICROCAPITAL BRIEF: responsAbility Loans $749k to Pearl Microfinance Limited of Uganda, Association Al Karama de Micro Credit of Morocco

responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles [MIVs], recently reported to MicroCapital that it has made debt investment totaling USD 749,439 in microfinance institutions Pearl Microfinance Limited of Uganda and Association Al Karama de Micro Credit (Al Karama) of Morocco [1]. The investments have been made through three MIVs: responsAbility Global Microfinance Fund (rAGMF), responsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds. In Uganda, Mikrofinanz-Fonds made a local-currency debt investment equivalent to USD 249,439 to Pearl Microfinance Limited, an MFI aiming to provide “suitable financial services sustainably to the economically active population in Uganda.” As of 2010, Pearl operates in 16 districts in Uganda and reported total loans of USD 7.6 million. Pearl does not report its financial information to the US-based nonprofit Microfinance Information Exchange (MIX). In Morocco, rAGMF and rAMLF made a total debt investment of... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.