Dealflow | May 18, 2017

MicroVest has disbursed $1 billion to microlenders around the world

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“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.