World Bank's Center of Excellence on Cooperative Financial Institutions (CoE-CFI)

Questions and Answers » Recent Q&A » Given the total assets of USD 11 million and the deposits of USD 7.7 million, is there any 3rd-party refinancing already in the books? Are these subordinated debts to protect members' deposits?

Given the total assets of USD 11 million and the deposits of USD 7.7 million, is there any 3rd-party refinancing already in the books? Are these subordinated debts to protect members' deposits?

Yes, we do have some external borrowings which contribute to about 20% of our funding structure, but mostly from like-minded investors/wholesale lenders.

Yes, none of these debts are secured, therefore subordinated in nature.