MICROCAPITAL BRIEF: The MasterCard Foundation, TechnoServe Extend “Strengthening Rural Youth Development through Enterprise” (STRYDE) in East Africa

The MasterCard Foundation, which is based in Canada, and TechnoServe, a US-based nonprofit organization, recently announced five-year, USD 25.9 million partnership to support 48,000 young people in rural East Africa via a second phase of the Strengthening Rural Youth Development through Enterprise (STRYDE) program, which was first launched in August 2011[1]. Continue reading

MICROCAPITAL BRIEF: Eco.business Fund Loans $10m to Banco Davivienda Costa Rica to Promote Biodiversity

The Luxembourg-based eco.business Fund, which was launched in 2014, announced recently that it has lent USD 10 million to Banco Davividenda Costa Rica, a unit of Colombia’s Bolivar Group, for on-lending to companies that work in sectors such as agriculture, forestry and fisheries, and are certified for their sustainability and contribution to biodiversity by entities such as the Germany-based FairTrade International or the US-based Rainforest Alliance. Continue reading

MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 12th Annual Conference “Microfinance and Banks: Are We the Right Partners?;” June 18-19, 2015; Dublin, Ireland

Event Name: 12th Annual EMN Conference “Microfinance and Banks: Are We the Right Partners?”

Event Date: June 18-19, 2015

Event Location: The Grand Hotel Malahide, Dublin, Ireland

Summary of Event: This conference will bring together microfinance practitioners from both European and developing countries to share, evaluate and challenge best practices in the microfinance industry. The discussion will center around the potential of cooperation among traditional financial service providers and microfinance practitioners in order to further the goal of promoting greater financial inclusion. Continue reading

SPECIAL REPORT: European Microfinance Award Application Period Open Through June 3: $110k for Services in Post-Disaster, Post-Conflict, Fragile States

MicroCapital: Please tell us about the theme of this year’s EUR 100,000 (USD 110,000) European Microfinance Award: serving people in post-disaster, post-conflict and fragile states.

Davide Forcella: This is a very timely issue because of the increasing frequency of microfinance institutions (MFIs) being forced to operate under very difficult conditions, due to both natural disasters and human conflict. The aim of the prize is to reward MFIs that Continue reading

MICROCAPITAL BRIEF: FMO, Triodos Loan $35m to Khan Bank of Mongolia for On-Lending to Small, Medium-sized Enterprises (SMEs)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, and Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, have announced plans to invest a total of USD 35 million in Khan Bank, a commercial bank based in Mongolia, for on-lending to small and medium-sized enterprises (SMEs) in that country.  Continue reading

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), International Finance Corporation (IFC) Loan $97m to Alternatifbank of Turkey for On-Lending to Micro, Small Enterprises (MSEs); Energy Efficiency; Renewable Energy

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and the International Finance Corporation (IFC), a member of the US-based World Bank Group that seeks to increase economic growth in developing countries, recently announced that the two organizations will disburse a senior loan of USD 97 million to Alternatifbank (ABank), a private commercial bank in Turkey. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Government of Guinea-Bissau to Promote Leasing to Small, Medium-sized Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has signed a cooperation agreement with the government of Guinea-Bissau. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan up to $10m to Prasac of Cambodia for On-Lending to Agricultural Micro-, Small, Medium-sized Enterprises (MSMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has opened a long-term credit line of up to USD 10 million to Prasac Microfinance Institution Limited, a Cambodian microfinance institution (MFI). Continue reading

MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Latin America 2015;” May 28-29, 2015; Buenos Aires, Argentina

Event Name: TBLI Conference Latin America 2015

Event Date: May 28-29, 2015

Event Location: Centro Cívico Parque Patricios, Uspallata 3160, Buenos Aires, Argentina

Summary of Event: This conference will include panels on topics such as green real estate and sustainable urban development; renewable energy and energy infrastructure; sustainable agriculture; and the role of environmental, social and governance factors in investment decisions. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $40m to Banco Internacional of Ecuador for On-lending to Small, Medium Enterprises (SMEs), Women-Owned Businesses

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has lent USD 40 million to Banco Internacional, a commercial bank in Ecuador. Continue reading

MICROCAPITAL BRIEF: MasterCard, Alliance for Financial Inclusion (AFI) Seek to Advance Financial Inclusion via Public-Private Dialogue (PPD)

MasterCard, a US-based payments and technology company, and the Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, recently announced a partnership within AFI’s Public-Private Dialogue Platform (PPD) to promote financial inclusion [1]. Continue reading

MICROCAPITAL BRIEF: CAF Development Bank of Latin America Links Rural Health Clinics, Remote Medical Specialists via Telemedicine in Ecuador

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution that was formerly known as the Corporacion Andina de Fomento, recently partnered with Telesalud de Venezuela, a telemedicine firm that offers health services in rural and other underserved areas in Latin America, to pilot a health microinsurance project in Ecuador. Continue reading

MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $2.5m to Microfinance Institution Vitas Palestine


The Sanad Fund for MSME (Micro, Small and Medium-Sized Enterprises), an investment vehicle that provides medium- and long-term debt and equity financing to microfinance institutions in the Middle East and North Africa (MENA) region, has agreed to disburse USD 2.5 million to Vitas Palestine, a microfinance provider in the West Bank and Gaza, Palestine. The loan agreement will allow Vitas Palestine issue approximately 850 loans. Continue reading