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Vitas Romania announces PayPoint Partnership

Timisoara, Romania Vitas Romania and PayPoint Romania, a global operator of retail kiosks for electronic cash payments and services, announced on January 21, 2014 the signing of a new agreement for the collection of Vitas microfinance loan payments. Vitas clients can now make loan payments in cash through any terminal […]

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Vitas Group names new Board Members

Silver Spring, Maryland (December 12, 2013) – Vitas Group today announced the appointment of David Oser, Chief Financial Officer of CRAFT3, and Louise Moretto, Managing Director of Investments at Grassroots Capital Management, to their Board of Directors. “We are so pleased to welcome David and Louise to the Board of […]

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Vitas Group Launches in Jordan

Under the patronage of Her Excellency the parliament member Tamam Al-Riyati, Vitas Jordan, formerly “Middle East Micro Credit Company” launched its first re-branding event in Aqaba city. The launch involves a series of events that will take place over the first half of 2014, that aim to reinforce the new […]

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Global Communities and Overseas Private Investment Corporation Announce 15-year Guaranty Facility in Lebanon

September 30th, 2013 Washington, DC.—Global Communities and the Overseas Private Investment Corporation (OPIC) today announced that OPIC has agreed to provide a $25 million, 15-year loan guaranty facility to Global Communities’ subsidiary Vitas s.a.l., to support expanded lending to underserved entrepreneurs in Lebanon. The new agreement is similar to a […]

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Economic Education and Rural Development in Romania

In Romania almost a third of the economically active population lives in rural communities and works in the agriculture sector; but despite the economic potential of their area, many still lack access to basic resources such as electricity, and most have very limited access to the funding or technical assistance necessary […]

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Vitas affiliate in Bosnia partners with American University in Sarajevo.

Lider Mikrokredit Foundation, a Vitas Group affiliate in Bosnia owned and operated by Global Communities, believes in building the capacity and engaging the minds of their country’s future leaders.  Through a program run by the American University (AUBIH) in Sarajevo, Lider was able to bring two graduate students on to […]

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BlueOrchard Acquires Minority Stake in CHF Development Finance International

The Luxembourg-based Microfinance Private Equity Fund Now Owns 20 Percent of the Company Silver Spring, MD (November 16, 2011)—CHF Development Finance International, LLC, a holding company established by the global development and humanitarian assistance organization CHF International (CHF), has raised $1.6 million through the sale of a 20 percent stake […]

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