Lok microcrediting gets A rating from Planet Rating
Planet Rating – a global microfinance rating agency – has given an A rating to the Sarajevo-based Lok mikrokreditna fondacija. The rating indicates that Lok maintains positive trends in profitability and efficiency, and that institutional, operational and financial performance is excellent. Lok’s long-term plans, Planet Rating explains, are very well developed.
Lok plans to become s joint stock company by the end of 2008. After 11 years of operation, their credit portfolio is worth BAM 12 million.