The alliance helped return 300,000 people to productive lives and restore the country’s agriculture and economy, contributing to a 45% improvement in food security among the most vulnerable population. The alliance also established Novo Banco, a provider of micro-credit to entrepreneurs and low-income households. By 2005, Novo Banco had disbursed more than $3 million in loans (averaging $5,000) to more than 800 borrowers, half of them women, with a 98% repayment rate.
|Location||West Africa, Angola|
|Value||USD 33 Million|