As previously reported by MicroCapital, FONDEP Micro-Crédit was ranked number five among the top 50 microfinance institutions (MFIs) of 2007 by Forbes magazine.
KfW Entwicklungsbank is a part of KfW (Kreditanstalt für Wiederaufbau) Bankengruppe, founded in 1948 as a reconstruction bank for post-war West Germany. The Entwicklungsbank finances investments and accompanying consulting services in developing economies on behalf of the German Federal Ministry for Economic Cooperation and Development. As of June 30, 2007, it had EUR 681.6 million (USD 923.0 million) allocated to 99 active microfinance investments. Financial ratios are not available from data on the MIX Market, the microfinance institution information clearinghouse, or from the bank’s own Web site. All the most recent ratings from Fitch Ratings, Moody’s, and Standard & Poor’s have KfW securities as AAA long-term.
FONDEP Micro-Crédit was founded in 1996 with a mission to make credit available to the poor, particularly women and young people. As of December 31, 2006, its assets totaled USD 30.5 million, of which USD 26.8 million was vested in its loan portfolio. Its return on assets was 19.17 percent and its debt/equity ratio was 225.14 percent. Active borrowers numbered 76,378. The latest report from ratings agency Microfinanza Rating in July 2006 gave FONDEP an A, up from its previous BBB rating.
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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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