MICROCAPITAL BRIEF: Water.org’s WaterEquity Borrowing $20m from Overseas Private Investment Corporation for WaterCredit Investment Fund 3 to Finance Water, Sanitation Systems in Asia

The Overseas Private Investment Corporation, a self-sustaining agency of the US government, recently agreed to lend USD 20 million to the WaterCredit Investment Fund 3, which will invest in microfinance institutions (MFIs) and other organizations that facilitate the deployment of safe water and sanitation systems. The goal of the fund is to raise USD 50 million to reach 4.6 million people in South and Southeast Asia over

MICROCAPITAL BRIEF: MFIs in Asia, Central America Borrow $10m from C-Quadrat’s Dual Return Vision Microfinance Funds

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds lent a total approximately equivalent to USD 10 million to unidentified microfinance institutions (MFIs) in Guatemala, India, Kazakhstan, Nicaragua and

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $12.5 to MFIs in Latin America, Southeast Asia

An arm of Austrian fund manager C-Quadrat, C-Quadrat Asset Management, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds lent a total approximately equivalent to USD 12.5 million to unidentified microfinance institutions (MFIs) in four Latin American countries – Bolivia, El Salvador, Guatemala and Peru – as well as

MICROCAPITAL BRIEF: Indonesian Online Lender UangTeman Raises $12m in Equity Funding for Consumer Loans, Research and Development

UangTeman, an Indonesian firm offering online loans of up to USD 350, recently announced it has secured USD 12 million in Series A funding from

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $840k to Mali’s Réseau de Micro-institutions de Croissance de Revenus (RMCR), Part for Microinsurance

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and social businesses, recently informed MicroCapital that it has committed to extending two loans denominated in CFA francs to Réseau de Micro-institutions de Croissance de Revenus (RMCR), a savings and credit union in Mali.

MICROCAPITAL BRIEF: PFIP Giving $450k to Solomon Islands’ Government to Digitize Tax Payments

The Pacific Financial Inclusion Program, a Fiji-based initiative of the UN that works to extend financial services to unbanked Pacific Islanders, recently granted USD 450,000 to the Solomon Islands’ Inland Revenue Division (IRD) with the goal of increasing the availability of electronic payment channels for taxes paid by “123,800 wage and salary employees, 200 corporate taxpayers and 3,684 small businesses.”

MICROCAPITAL BRIEF: EBRD Lends $2m to Imon International of Tajikistan for Female-Run MSMEs

The European Bank for Reconstruction and Development (EBRD), a UK-based organization that invests in support of market-oriented economic policies, recently lent the local-currency equivalent of USD 2 million to Imon International, an institution that offers microcredit and deposit services with the aim of improving its clients’ standards of living as well as promoting economic development in Tajikistan.

MICROCAPITAL BRIEF: KMF and Bereke of Kazakhstan, Vasham of Indonesia Borrow $5.1m from Grameen Credit Agricole Microfinance Foundation

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services primarily to microfinance institutions, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 3.9 million to KazMicroFinance LLC (KMF) of Kazakhstan, the equivalent of USD 550,000 to Bereke of Kazakhstan, and the equivalent of USD 660,000 to Vasham of Indonesia.

MICROCAPITAL BRIEF: UBS Wealth Management Customers Investing $325m in The Rise Fund, Social Impact Private Equity Vehicle Managed by TPG

Union Bank of Switzerland (UBS) Wealth Management, a unit of Zurich-based UBS, recently announced that it has raised USD 325 million from its high-net-worth clientele to invest in The Rise Fund, a social impact private equity fund managed by the US-based Texas Pacific Group (TPG).

MICROCAPITAL BRIEF: Benin’s Government Hikes Microcredit Program Budget to $5m

The government of Benin recently increased the budget of its “Microcredit for Very Poor People” program to XOF 3 billion (USD 5.2 million) from XOF 1.2 billion (USD 2.2 million). The program serves people “ineligible for classical bank financing”

MICROCAPITAL BRIEF: Advans Cote d’Ivoire, Aga Khan’s PAMF-Mali Borrowing $3.8m from Grameen Credit Agricole Microfinance Foundation

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and other social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 2.9 million to Advans Cote d’Ivoire and the equivalent of USD 890,000 to Premiere Agence de MicroFinance (PAMF) Mali.

MICROCAPITAL BRIEF: Morgan Stanley Raises $125m for PMF Integro Impact Investing Fund

US-based financial services firm Morgan Stanley has reported that it raised USD 125 million for its recently launched Private Markets Fund Integro Fund I, the firm’s first “global impact fund,” which will be managed by Alternative Investment Partners (AIP) Private Markets, Morgan Stanley’s private equity arm.

MICROCAPITAL BRIEF: Indian Microlender Arohan Sells 13% Equity Stake to Maj Invest for $15m; Aavishkaar, Tano Increase Holdings

Arohan Financial Services, an Indian non-banking finance company that offers microloans to women, recently raised INR 155 crore (USD 24.1 million) from Maj Invest, a Danish asset management firm; Tano Capital, a US-based asset management firm focusing on emerging markets; Aavishkaar Venture Management Services, a venture capital firm targeting underserved regions of India; and multiple individuals.

MICROCAPITAL BRIEF: Targeting Rural MSEs, EFSE Lends Local-currency Equivalent of $6m to Opportunity Bank Serbia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan RSD 615 million (USD 6 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, “to support small businesses, especially in rural areas.”