Microfinance-comoros: 2nd national banking services supplier is microfinance institution June 20, 2009
Posted by iogateway in Business Opportunities.Tags: banking services supplier, bureau de change, Meck, micro finance, micro financial services
add a comment
Microfinance-comoros: 2nd national banking services supplier is microfinance institution. From december 2008, micro finance institutions can run bureau de changes.
Figures:
- 10 billions of CF for savings
- 50 ooo clients
- 4 billions of CF loans outstanding.
African Development Bank-Comoros: 36 billions of FC from migrants must go on comorian investments June 20, 2009
Posted by iogateway in Business Opportunities.Tags: african development bank, african development fund, comorian diaspora, comorian financial institutions, local micro finance network, Meck, migrants money
add a comment
Each year comorian migrants from Europe, Africa, America, Asia bring more than 36 billions of comorian franc around 72 millions of euros to the local economy. This represents 24% of the comorian GDP and 360% of the public development aid. All transfers are doing by western union and its competitors and fees could be between 5 and 20% of the total amount. ADB recommends to the comorian government to furnish financial solution such as micro financial institution setting up in the countries which the funds come from. 2 comorian banks are setting up in France where 72 millions of euros are sent by comorian diaspora each year. This solution wants to make easier bank wire between comorian financial institutions setting up abraod and the local micro finance network – Meck.
Comoros Micro finance: 336 millions of profit margin June 20, 2009
Posted by iogateway in Business Opportunities.Tags: financial institution, Meck, micro credit, micro finance
add a comment
According the comorian micro finance institution – Meck , it has become to be profitable. 336 millions of comorian franc of margin in 2007. Definitely Meck has become one of the serious financial institution in the country.
- From 40 millions of CF to 5 billions of CF 10 days ago.
- More than 23 000 members
- 2007, 1964 personal loans around 1,916 millions of fc
- growth rate 29,41% since 2006.
