NMI Fund III announced the disbursement of USD 1.1 Million in the form of a Senior Loan to PT. Bina Artha Ventura ("Bina Artha"). Bina Artha is a fast-growing microfinance institution in Indonesia serving more than 150,000 mostly female clients.
Foreign Minister Børge Brende participated in the launch of Nordic Microfinance Initiative (NMI). This is a new Nordic cooperation between Norwegian private investors and the state investment funds of Norfund from Norway and "Investeringsfonden for Udviklingslande" (IFU) from Denmark.
Nordic Microfinance Initiative Fund III announced the disbursement of 10 Billion KHR (approximately USD 2.5 Million) in the form of a Senior Loan to AMK Microfinance Institution Plc as first of two disbursements that will total roughly USD 5 Million.