kawi254 wrote:Isn't this the same mistake Equity made when getting into Uganda i.e buying a shell micro finance at a premium and would have been better off using the 6 billion starting from scratch.
1) UML was bought from shady characters who took their money and ran.
2) ProCredit has shareholders like DEG & IFC who are solid entities.
3) Equity must have learnt from Uganda & added claw-back provisions that mean Equity gets refunds for bad debts, etc
4) Pro-credit is a German not Greek bank
That said, Equity has to be careful in DRC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett