MICROCAPITAL BRIEF: FMO, IFC Invest $16m in Equity in Mobisol to Finance Solar Power in Kenya, Rwanda, Tanzania

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that is placing equity investments totaling EUR 9.2 million (USD 9.9 million) in Mobisol, a Germany-based provider of solar home systems in East Africa. The investments are funded by two entities it manages in partnership with the Dutch government: MASSIF and the Access to Energy Fund. These investments were accompanied by an equity placement of EUR 5.4 million (USD 5.8 million) by Continue reading

MICROCAPITAL BRIEF: IFC to Advise FINCA DRC on Boosting Access to Credit, Mobile Banking in the Democratic Republic of the Congo, with Funding from The MasterCard Foundation

The World Bank Group’s International Finance Corporation (IFC) recently agreed to provide two years of advisory services, valued at USD 1 million, to FINCA DRC, a unit of US-based FINCA Microfinance Holding Company that provides savings and credit services to 256,000 customers in the Democratic Republic of Congo. The goal is to Continue reading

MICROCAPITAL BRIEF: Sanad Fund for MSME Lends $1.5m for Women’s Enterprises in Palestine via Microfinance Institution Asala

The Sanad Fund for MSME (Micro Small and Medium Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced that it will lend USD 1.5 million to the Asala for Credit and Development Company, a microfinance institution in Palestine, for on-lending to female entrepreneurs. The microlender operates nine offices in the West Bank and Gaza, focusing on serving micro- and small enterprises owned by women in rural areas. Asala, a for-profit successor to the Palestinian Businesswomen’s Association, was launched in 2014 with support from the Sharakat Continue reading

MICROCAPITAL BRIEF: Solar Financier PEG Africa Offers Customers in Ghana Free Hospitalization Insurance via Bima

PEGAfrica, which offers “rent-to-own” financing for solar products in Cote d’Ivoire and Ghana, recently arranged to offer select customers no-cost insurance cover via Bima, a microinsurance service of Sweden’s Milvik. The rollout across Ghana follows a pilot project that served 2,000 families. PEG will enroll customers that meet certain criteria relating to loyalty and timeliness of repayment in the service, which will pay out for Continue reading

MICROCAPITAL BRIEF: Jumo Sells Microenterprise, Consumer Lender afb Ghana to Letshego

Letshego Holding Limited, which is based in Botswana and offers deposit and lending services in 10 African countries, recently paid an undisclosed price to Jumo World Limited, a financial technology firm registered in Mauritius, for all of the shares of afb Ghana, which has 60,000 customers and total assets of GHS 97 million (USD 23 million) as of December 2016. Both afb and Letshego lend for Continue reading

SPECIAL REPORT: Semaine Africaine de la Microfinance (SAM, also known as African Microfinance Week) Scheduled for October 9 – October 13, 2017, in Addis Ababa, Ethiopia

Luxembourgish NGO ADA, 27-member African Microfinance Transparency and the 71-member Microfinance African Institutions Network recently announced that they will hold the Semaine Africaine de la Microfinance Continue reading

MICROCAPITAL BRIEF: EBRD Loaning $5m to FondiBESA for Rural MSMEs, Farmers in Albania

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in the United Kingdom, recently announced that it will loan USD 5 million for rural micro-, small and medium-sized enterprises (MSMEs) and individual farmers in Albania. Continue reading

MICROFINANCE EVENT: MENA Governance and Strategic Leadership Seminar; March 7 – 9, 2017; Amman, Jordan

Event Name: MENA Governance and Strategic Leadership Seminar

Event Date: March 7 – March 9, 2017

Event Location: Sheraton Amman Al Nabil Hotel, Fifth Circle, Amman, 11184, Jordan

Summary of Event: The goal of this event is to strengthen boards of directors of microfinance institutions in the Middle East and North Africa (MENA) region Continue reading

SPECIAL REPORT: European Microfinance Week Scheduled for November 29 – December 1, 2017, in Luxembourg

The European Microfinance PlatformEuropean Microfinance Platform (e-MFP) notified MicroCapital today that it has scheduled the next iteration of its European Microfinance Week for November 29 through December 1, 2017, at Continue reading

MICROCAPITAL BRIEF: FMO Loans $29m to El Salvador’s Fedecredito for On-lending to Cooperatives, Bosnia and Herzegovina’s Partner Mikrokreditna Fondacija for Agricultural Microenterprises

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced two loans to support the provision of financial services to people with low incomes in El Salvador and Bosnia and Herzegovina.

FMO is lending USD 24 million to Continue reading

MICROFINANCE EVENT: Savings and Credit Forum; March 16, 2017; Zürich, Switzerland

Event Name: Savings and Credit Forum: What are the Social Performance Management and Reporting Practices of Financial Institutions and Microfinance Impact Investors?

Event Date: March 16, 2017

Event Location: University of Zürich, Rämistrasse 59, Zürich, Switzerland

Summary of Event: The draft agenda for this event includes topics such as standards for social performance management and the social performance reporting practices of several microfinance institutions. This half-day event Continue reading

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $63m to Various MFIs

Austria’s C-Quadrat Asset Management informed MicroCapital today that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 63.5 million during December to unspecified microfinance institutions (MFIs) in countries including Ghana, Indonesia, Kenya, Mongolia and Sri Lanka. The Continue reading

MICROFINANCE EVENT: Social Performance Task Force (SPTF) Social Investor Working Group Meeting; March 15-16, 2017; Zurich, Switzerland

Event Name: SPTF Social Investor Working Group Meeting

Event Date: March 15 – March 16, 2017

Event Location: University of Zurich, Rämistrasse 71, 8006 Zürich, Switzerland

Summary of Event: Participants in this meeting will discuss the challenges of social performance management (SPM) as it relates to investing in inclusive finance. Speakers also will share Continue reading

SPECIAL REPORT: Recommendations from the Mekong Financial Inclusion Forum

AtBanking With the Poor Network the 2016 Mekong Financial Inclusion Forum, Ms. Claire Van der Vaeren, UN Resident Coordinator and UNDP Resident Representative, Cambodia, said that financial inclusion is a vital enabler that can help unlock the potential of the poor and underserved, enhance women’s economic empowerment and catalyse a range of national development objectives. Its importance is shown in references to six of the seventeen UN sustainable development goals.

Ms. Van der Vaeren also was impressed by level of private and public engagement in Continue reading

MICROFINANCE EVENT: International Conference on Sustainable Development; September 6 – 7, 2017; Rome, Italy

Event Name: The International Conference on Sustainable Development (ICSD) 2017

Event Date: September 6 – 7, 2017

Event Location: Roma Eventi, Piazza della Pilotta, Rome, Italy

Summary of Event: The theme of this conference for 2017 is “Creating a unified foundation for…Sustainable Development: research, practice and education.” The organizers’ goal is to Continue reading

MICROFINANCE EVENT: Impact Investing: Mainstreaming Purpose-Driven Finance; February 15, 2017; New York, USA

Event Name: Impact Investing: Mainstreaming Purpose-Driven Finance

Event Date: February 15, 2017

Event Location: Time Warner Center, 60 Columbus Circle, New York, New York, USA

Summary of Event: Speakers here will analyze opportunities and obstacles present in the “mainstreaming” of impact investing, which the organizers define as Continue reading

MICROCAPITAL BRIEF: Invest in Visions Lends $2m to Beige Capital Savings and Loans of Ghana

Germany’s Invest in Visions Mikrofinanzfonds, a fund advised by Belgium’s Incofin, recently agreed to loan up to USD 5 million to Beige Capital Savings and Loans, a unit of Ghana’s Beige Group, which offers banking, pension, insurance and investment services. Among Beige Capital’s goals is to “be the [small and medium-sized enterprise] bank of choice across Ghana.”

As part of the process of considering Continue reading