Category: Deals

MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $107m Through European Programme for Employment and Social Innovation (EaSI), Expect to Generate $213m in Loans to European Social and Micro-enterprises

The European Commission, the European Union’s executive body, and the European Investment Fund (EIF), an EU-affiliated provider of finance to organizations that lend to small and medium-sized enterprises (SMEs), recently partnered to introduce the European Programme for Employment and Social Innovation (EaSI). Continue reading

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MICROCAPITAL BRIEF: Black Sea Trade and Development Bank to Loan $7m to FINCA Georgia for On-lending to Micro, Small Enterprises

FINCA Bank Georgia (FINCA Georgia), a microfinance institution (MFI) that is the Georgia-based subsidiary of the Foundation for International Community Assistance (FINCA International), a US-based nonprofit microfinance organization, recently announced that it has entered into an agreement with the Greece-based international financial institution Black Sea Trade and Development Bank (BSTDB), to receive a loan of USD 7 million. Continue reading

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MICROCAPITAL BRIEF: BIO, Oikocredit Invest USD 8.3 million in Fusion Microfinance of India

Fusion Microfinance (Fusion), a microfinance institution (MFI) based in New Delhi, has received a combined investment of INR 53 crores (USD 8.28 million) from Belgian Investment Company for Developing Countries SA (BIO), an investment company backed by the government of Belgium; and the Dutch cooperative investment fund Oikocredit. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $75m to Banco Continental of Paraguay for On-lending to Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced an agreement to provide a loan of USD 50 million to Banco Continental, a commercial bank established in Paraguay in 1980.  Continue reading

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MICROCAPITAL BRIEF: Incofin Investment Management Raises $71m in First Close of agRIF Fund, Successor to Rural Impulse Funds; Plans to Invest in Agricultural, Rural Enterprises

Incofin Investment Management (Incofin IM), a Belgium-based manager of microfinance investment funds, recently announced the first close of agRIF, a 10-year debt and equity investment fund, at a total value of USD 71 million. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Donates $28k to Vitas for Microfinance Client Protection in Iraq, Lebanon, Palestinian Territories

The Luxembourg-based Sanad Fund for MSME (micro-, small and medium-sized enterprise) recently donated USD 28,000 to Vitas Group, a commercial holding company created by US-based, international nonprofit organization Global Communities, to train the staff of Vitas Group’s microfinance institutions in the Middle East on client protection. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10m to BasisBank of Georgia for On-lending to Small, Medium-sized Enterprises (SMEs); Energy Efficiency Projects

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, has announced that it is “deepening its partnership”[1] with Georgia’s BasisBank by disbursing it a credit package of USD 31.5 million. Continue reading

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MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD), Turkish Government to Loan $380m to 15k Female Entrepreneurs in Northwest Turkey

The European Union (EU), the UK-based, multilateral European Bank for Reconstruction and Development (EBRD) and the Turkish government have partnered to introduce the Finance and Advice for Women in Business Programme in the northwest region of Turkey. Continue reading

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MICROCAPITAL BRIEF: International Labour Office’s (ILO’s) Impact Insurance Facility, Agence Francaise de Developpement (AFD) Seek to Stimulate Innovation in Microinsurance in Sub-Saharan Africa

The Impact Insurance Facility of the UN’s International Labour Office (ILO) and the French government’s Agence Francaise de Developpement (AFD) recently signed a three-year partnership seeking to strengthen the resilience of middle-income workers in the informal sector in Sub-Saharan Africa. Financial details of this partnership have not been reported. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $6m in Credits to Microfinance Institutions (MFIs) in Armenia, Colombia, Georgia, Mongolia, Nigeria, Tajikistan and Paraguay

During May 2015, Viennese asset manager C-Quadrat Asset Management USD 6 million worth of credits via the two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Colombia, Georgia, Mongolia, Nigeria, Tajikistan and Paraguay. Of this total, C-Quadrat Asset Management invested USD 500,000 in the microfinance institution based in Ulaanbaatar, Mongolia. Founded in 2001, this institution targets micro-, small and medium-sized enterprises (MSMEs) and provides services to approximately 3,200 clients. Continue reading

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MICROCAPITAL BRIEF: Incofin’s Rural Impulse Fund Loans $1.5m to Microfinance Institution Humo and Partners of Tajikistan

Incofin Investment Management (Incofin IM), a Belgium-based company that manages funds investing in microfinance institutions (MFIs), recently loaned USD 1.5 million over 12 months via the Rural Impulse Fund II to Humo and Partners, a microfinance institution (MFI) based in Dushanbe, Tajikistan. Continue reading

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MICROCAPITAL BRIEF: World Savings and Retail Banking Institute (WSBI), Child and Youth Finance International (CYFI) Partner to Promote Youth Financial Inclusion

The World Savings and Retail Banking Institute (WSBI), a Switzerland-based association of approximately 1,000 financial intermediaries from 89 countries, and Child and Youth Finance International (CYFI), a Netherlands-based nonprofit organization that promotes youth financial access and education, have signed a memorandum of understanding to formalize their ongoing collaboration with the aim of empowering people around the world between the ages of 6 and 30, in particular by increasing their financial capabilities, helping them to develop livelihoods and improving their access to “appropriate” financial services.  Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Seeks Partners for Customer-Centric Financial Services Project

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center devoted to worldwide growth of financial access, is searching for financial service providers with whom to partner to increase customer centricity within the providers’ systems. Continue reading

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MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Donates $1.2m to Effort by Center for Latin American Monetary Studies to Improve Remittance Market in Latin America

The Multilateral Investment Fund, a member of the US-based IDB (Inter-American Development Bank) Group, has donated USD 1.2 million to fund a collaborative project with the Center for Latin American Monetary Studies, an association of Latin American and Caribbean central banks (also known by its Spanish acronym CEMLA).  Continue reading

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MICROCAPITAL BRIEF: Messrs United Cement Company of Nigeria (UNICEM), Agence Francaise de Developpement (AFD) Partner on $5m Loan to Nigerian MFI Lift Above Poverty Organization (LAPO)

Messrs United Cement Company of Nigeria (UNICEM), an indirect subsidiary of the French construction materials company Lafarge, and Agence Française de Développement (AFD), the international development department of the French government, reportedly have collaborated to loan NGN 1 billion (USD 5 million) to Lift Above Poverty Organization (LAPO), a Nigerian microfinance institution (MFI), for funding the construction of 5,000 new housing units in the country.  Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), MasterCard to Establish $250m Risk-Sharing Facility to Support Consumer Loans Distributed via Debit Card

MasterCard, a US-based payments and technology company, and 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, reportedly have pledged to establish a USD 250 million risk-sharing facility, which is expected to provide an unspecified number of people in emerging markets with access to small loans via payment cards.  Continue reading

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