“By indirectly lending to a yurt maker in Mongolia or a bike repairman in Tanzania, we have demonstrated that they are amongst the best borrowers in the world,” says Bo Cutter, MicroVest’s Chairman.
The microfinance investor has passed the $1 billion mark in disbursements.
MicroVest launched in 2003 with $15 million, and has become a lending partner to 90 microfinance and small business-focused financial institutions in 40 countries. Its investments have supported more than 13 million micro and small businesses worldwide.
MicroVest currently has $392 million in assets under management.