ABP starts investing in Third World micro credits, by Leen Preesman
Thursday, April 21, 2005
ABP has said it has started investing in micro credits for small entrepreneurs in the Third World.
During the first quarter of 2005 ABP has invested ?5m in an unnamed fund for micro credits. This means more than 14,000 small enterprises are being supported by an average loan of ?350, aimed at providing help to an escape from poverty.
ABP said it has chosen for this kind of investment, because ?it offers perspectives of reasonable returns and limited risks. Moreover micro credits will spread the investment risks of the whole portfolio?.
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