Ethical Performance
inside intelligence for responsible business
 

inbrief

inbrief

July 2007

Investment bank Morgan Stanley has introduced an $108million (£54m) bond that will finance loans to people running small businesses in developing countries. BlueOrchard, a Swiss company specializing in the management of investment funds dedicated to the micro-finance industry, will channel money to 20 micro-finance institutions in 12 countries, including Azerbaijan, Bosnia, Ghana, Mongolia, Nicaragua, Peru and Russia. The institutions will then make loans to around 70,000 micro-entrepreneurs.



Further Information
http://www.blueorchard.org
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