MICROCAPITAL BRIEF: responsAbility Agriculture I Fund Takes Equity Stake in Indian Value-chain Lender Samunnati

Switzerland-based responsAbility Investments recently disbursed the first investment from its private equity fund responsAbility Agriculture I, acquiring a “significant” minority stake in Samunnati, a non-banking financial company in India that provides loans and advisory services to players in agricultural value chains. Although the price and size of the stake remain confidential, responsAbility Agriculture I generally places investments of

MICROFINANCE EVENT: International Conference on Responsible Inclusive Finance; March 21 – 22, 2018; Kigali, Rwanda

Summary of Event: As related to delivering “responsible” financial services, this conference will cover client protection, enabling environments, client perspectives and digital payments, including serving the

MICROCAPITAL BRIEF: Global Parametrics, 6 VisionFund Microfinance Institutions Prepare for Climate Disasters Under African and Asian Resilience in Disaster Insurance Scheme (ARDIS)

Global Parametrics, a for-profit risk manager funded by UK-based and German development institutions, and the UK-based NGO VisionFund International recently established the African and Asian Resilience in Disaster Insurance Scheme (ARDIS), to protect six VisionFund microfinance institutions (MFIs). In case of drought or extreme storm, the MFIs can access up to USD 10 million to manage delays in client repayments and

MICROCAPITAL BRIEF: 11 Microfinance Institutions in Cambodia Lose Licenses for Noncompliance

The National Bank of Cambodia (NBC), the central bank of the country, recently revoked the licenses of 11 microfinance institutions (MFIs) for failing to maintain compliance with a “diverse” range of rules. The MFIs, which are classified as “rural credit operators,” reportedly comprise a

MICROCAPITAL BRIEF: Netherlands’ FMO Arranges $68m Syndicated Loan for Lebanon’s LGB Bank, with Participation from OFID, OeEB

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 67.5 million for the Beirut-based Lebanon and Gulf Bank (LGB Bank) to support small and medium-sized enterprises (SMEs) in Lebanon. The

MICROCAPITAL BRIEF: Netherlands’ FMO Buys $50m Bond from Turkey’s Sekerbank to Support 4k Rural SMEs

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently agreed to fund a private bond placement by Turkey’s Sekerbank in the amount of TRY 192 million

MICROCAPITAL BRIEF: C-Quadrat Dual Return Vision Microfinance Funds Invest in Ecuador, 13 Other Countries

C-Quadrat Asset Management, a unit of Austrian fund manager C-Quadrat, disbursed the equivalent of USD 40 million during December to 15 microfinance institutions (MFIs) from its Dual Return Vision Microfinance funds. The MFIs, whose identities remain confidential, span 14 countries. One is a cooperative located in

MICROCAPITAL BRIEF: Netherlands’ FMO Syndicates $220m Loan for Togo-based Ecobank, with Participation from BlueOrchard Microfinance Fund, Symbiotics, Oikocredit, DEG, Proparco, OeEB, BIO

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 220 million for Togo-based Ecobank Transnational Incor

MICROCAPITAL BRIEF: Gret Spins Off Microfinance Activities in Myanmar, Creating Thitsar Ooyin

French NGO Gret recently consolidated its two microfinance institutions in Myanmar under a single entity called Thitsar Ooyin, which can be translated as “garden of loyalty.” Gret Microfinance Programme Manager Guillaume Lepoutre said, “The creation of a dedicated entity…provides access to new financial…resources.”

Thitsar Ooyin offers group and individual loans from eight branches in Chin State and the Dry Zone. It has 80 employees and primarily finances

MICROFINANCE EVENT: Cracking the Nut Conference; June 12 – 13, 2018; Antigua, Guatemala

Event Name: Cracking the Nut Conference 2018

Event Date: June 12 – June 13, 2018

Event Location: Antigua, Guatemala

Summary of Event: This conference will focus on how technology can improve agricultural microfinance for poor people in rural areas. It includes a technology fair as well as sessions on the themes “Introducing Technologies

MICROFINANCE EVENT: Global Savings Group Conference; May 22 – 24, 2018; Kigali, Rwanda

Event Name: Global Savings Group Conference 2018

Event Date: May 22 – May 24, 2018

Event Location: Kigali, Rwanda

Summary of Event: This fourth iteration of this conference is themed “The Power of Savings Groups. Inclusion. Resilience. Empowerment.” Sessions will be based on the following tracks: (1) Systemic Approaches to Increase Scale, Sustainability, and Impact; (2) Access to Formal Financial Services; (3)

MICROFINANCE EVENT: 5th Sankalp Africa Summit; March 1 – 2, 2018; Nairobi, Kenya

Event Name: 5th Sankalp Africa Summit 2018

Event Date: March 1 – 2, 2018

Event Location: Nairobi, Kenya

Summary of Event: This conference focuses on harnessing small and medium-sized enterprises (SMEs) to create growth in Africa. Sample session topics include “Driving the Sustainable Development Agenda:

MICROCAPITAL BRIEF: Sri Lanka’s SANASA Installing 35 Weather Stations, Expanding Index Insurance for Rice Farmers to Pepper, Cinnamon Growers

SANASA Insurance Company Limited, a member of Sri Lanka’s cooperative SANASA group, recently installed the first of 35 weather stations funded by a donation from Desjardins Financial Security, an insurer within the Canadian cooperative Desjardins Group. The stations expand an existing network supporting SANASA Insurance’s provision of index insurance to rice farmers, whereby the farmers are paid when weather conditions are not conducive to healthy crops rather than based on individual insurance claims. The new stations are intended to improve the provision of insurance for rice farmers as well as allowing SANASA Insurance to expand to serving pepper and

MICROCAPITAL BRIEF: India’s Aavishkaar Bharat Fund Attracts $95m for Impact Investing from Investors Including CDC, SIDBI, Munjal Family Office (Hero Corporation), TIAA

Indian fund advisor Aavishkaar recently completed the first close of the Aavishkaar Bharat Fund, with commitments of INR 6.2 billion (USD 95 million), of which it has INR 5.9 billion (USD 92 million) in hand. The fund will support businesses in India that further Aavishkaar’s mission to “enhance livelihoods and reduce vulnerabilities for the low-income population” in “a range of sectors, namely agriculture, dairy, education, energy, handicrafts, health, water and sanitation, technology for development, microfinance and financial inclusion.” Aavishkaar will seek to do this while generating a

MICROCAPITAL BRIEF: USAID to Guarantee $15m in Agricultural Lending by Cambodia’s AMK Microfinance Institution, LOLC, RMA Financial Services

Through its Development Credit Authority (DCA), the US Agency for International Development (AID) has agreed to guarantee a portion of agricultural loans totaling USD 15 million to be disbursed

MICROCAPITAL BRIEF: Greenlight Planet Nets Equity, Debt Totaling $60m for Sun King Solar Product Line from Apis, Eight Roads, Bamboo, Deutsche, Global Partnerships, Other Investors

Greenlight Planet, which has offices in Kenya, India and the US, recently raised a total of USD 60 million in equity and debt “to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia.” Three entities purchased stakes of unspecified sizes in Greenlight, including Apis Growth Fund I, the lead investor in the funding round, which is managed by Nigeria- and UK-based Apis Partners. The other two entities increased existing stakes in Greenlight: Eight Roads Ventures, a private equity firm with offices in seven countries; and Bamboo Capital Partners, an investor seeking “economic, social and environmental