microfinancegoodpractices.com

Microfinance Norway – Norway

Admin

MISSION

Mission

ABOUT THE ORGANISATION

About the Organisation

Institutional profile
Microfinance Norway has an association and a loan fund as two separate legal entities, one membership association and the loan fund owned by the association. The original project started in 1996, and has operated under several names. The first loans were disbursed in 1997, and the new independent loan fund with a permit as a Non-Bank Financial Institution was regulated by the Finance Ministry of Norway in December 2016. The association has had many stages of development
Type of Organizatione
Non-Bank Financial Institution
Country
Norway
Products & Services provided
Financial: Business microloans, savings products Non-financial: Debt counselling, Entrepreneurship training, Financial education, Mentoring, E-Learning courses
Gross Loan Portfolio
EUR 600,000 (Revolving line of credit from 1997-2013) Initial capital EUR 160,000
Number of clients
1,400 (1997- 2017) 155 loans in total
Target Audience
Rural population, Urban Population, Unemployed people or people on welfare, Women, Youth, Ethnic minorities and immigrants, Disabled people, People excluded from the mainstream financial services
Organization Website
www.mikrofinansnorge.no

Information about Project Partner

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