In 2004 Equity Bank became the initial microfinance that is african become publicly exchanged. By 2006 it had extended loans in excess of $106 mn, a lot of it to ladies.

In 2004 Equity Bank became the initial microfinance that is african become publicly exchanged. By 2006 it had extended loans in excess of $106 mn, a lot of it to ladies.

Its investors are making a profit that is tidy. “We have observed a 7 percent return on our assets and grown by 200 per cent,” claims Mr. Mwangi.

The growing interest and investment in Africa’s microfinance sector, Mr. Mwangi thinks, are mostly the consequence of “dwindling investment possibilities somewhere else.” There’s also a “growing recognition that Africa has turned a large part. Continue reading