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                    [Title] => NGO securitizes microcredit
                    [Summary] => 

BRAC, the world’s largest national  non-government organizations (NGOs) with over five million borrowers and 100,000 employees, has closed world’s first micro-credit securitization structured by RSA Capital, Citigroup, FMO and KfW.


This groundbreaking transaction, denominated in Bangladesh taka (BDT), will provide an aggregate of BDT 12.6 billion ($180 million) of financing for BRAC over a period of six years.


Under the program, BDT one billion ($15 million) will be disbursed every six months to BRAC, with a maturity of one year.


                    [DatePublished] => 2006-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
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FAZLE HASAN ABED

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                    [ArticleID] => 349221
                    [Title] => NGO securitizes microcredit
                    [Summary] => 

BRAC, the world’s largest national  non-government organizations (NGOs) with over five million borrowers and 100,000 employees, has closed world’s first micro-credit securitization structured by RSA Capital, Citigroup, FMO and KfW.


This groundbreaking transaction, denominated in Bangladesh taka (BDT), will provide an aggregate of BDT 12.6 billion ($180 million) of financing for BRAC over a period of six years.


Under the program, BDT one billion ($15 million) will be disbursed every six months to BRAC, with a maturity of one year.


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                    [ColumnID] => 133272
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abtest

NGO securitizes microcredit

July 25, 2006 - 12:00am

BRAC, the world’s largest national non-government organizations (NGOs) with over five million borrowers and 100,000 employees, has closed world’s first micro-credit securitization structured by RSA...

Banking