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Black Investors PLC of Britain Lends $13m to Microfinance Institution (MFI) Kagisano of South Africa

Black Investors PLC of Britain Lends $13m to Microfinance Institution (MFI) Kagisano of South Africa

Kagisano is a publicly traded company established in 2002, primarily as a micro-lender providing medium-term loans to medium- and lower-income groups. In recent years, as many previously disadvantaged South African consumers have moved into higher economic strata, the company has been broadening its range of financial services. As of August 31, 2007, Kagisano had total assets of ZAR 182.5 million (USD 23.8 million), of which ZAR 119.5 million (USD 15.6 million) is listed as loans and advances. Calculated from financial statements, its return on assets was 1.75 percent and its debt/equity ratio was 68.6 percent. As for its credit rating, Kagisano does not report a third party performance evaluation of operations to the MIX Market, the microfinance information clearinghouse.





Black Investors PLC of Britain Lends $13m to Microfinance Institution MFI Kagisano of South Africa - To learn more about this author, visit David Satterthwaite's Website.

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David Satterthwaite
(Visit David's Website) David brings 10 years of experience in microfinance management, social entrepreneurship, non-profit management/fund-raising and microfinance investment research. David is the Chairman and President of Prisma Microfinance, Inc., a retail “microbank” operating in Central America. He is also Chief Editor of MicroCapital.org, a news and information service for the microfinance community and its investors. Each month, MicroCapital.org publishes the MicroCapital Monitor, the leading industry newspaper. David writes and speaks frequently on microfinance. He has been a quest speaker at many events, including: Microcredit Summit 5+: Panel on Private Investment, Milken Institute Global Conference, United Nations Year of Microcredit Symposium for Wall Street, Chicago Conference on Microfinance, Harvard Social Enterprise Conference, Dartmouth’s Business Sustainability Conference, Wharton’s Conference on Social Entrepreneurship, Stanford’s Social Enterprise Club, Columbia’s Social Enterprise Program and the Net Impact Annual Conference. Through his work with Prisma and MicroCapital, he has been featured or quoted in The Wall Street Journal, the Boston Globe, “All Things Considered,” Reuters and SocialFunds.com. David has been recognized with the Compaq Computer Corporation Leadership Award, the City Year Inspiring Leader Award and the National Social Venture Business Plan Competition award for Best Social Impact Analysis. David has supported many non-profit and for-profit social enterprises in different capacities, including Access Technology Learning Center, Agora Partnerships, Bridges to Business, City Year, Fonkoze, Kiva and National Social Venture Competition. David holds a B.A. with Honors in Political Science from Haverford College.

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