BlueOrchard invests $2.5 million for Nitlapan’s credit program in Nicaragua
Switzerland-based BlueOrchard Finance reported the details of three debt investments, including one to microfinance institution Nitlapan’s credit program in Nicaragua.
BlueOrchard loaned Nitlapan’s $2.5 million. As of year-end its program had a gross loan portfolio of $69.3 million.
Total assets included $81 million and there were 76,700 active borrowers.
Original source: MicroCapital