During September 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan and Uzbekistan. Continue reading
The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay. Continue reading
Safaricom Foundation, a charity funded by the Kenya-based telecommunications company Safaricom Limited, recently launched a “revolving fund” that is intended to assist youth-owned businesses in Kenya. Continue reading
Orix Corporation, a financial services provider based in Tokyo, Japan, recently announced that it has acquired a 6.25-percent equity stake in Acleda Bank, a commercial bank headquartered in Phnom Penh, Cambodia that provides deposits and microcredit in Cambodia, Laos and Myanmar.
The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquarted in London, England, recently announced that it will loan the local-currency equivalent of USD 13 million to Optima Bank, a commercial bank headquartered in Bishkek, Kyrgyzstan.
The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently signed a memorandum of understanding (MOU) with the Ministry of Commerce of Myanmar. Continue reading
The Food and Agriculture Organization (FAO), a United Nations (UN) organization that engages in “sustainable management” of natural resources and works toward the eradication of hunger, and MasterCard, a US-based payments and technology company, recently formed a partnership to create “inclusive payment systems” to support small-scale farmers and low-income households in developing countries. Continue reading
Deutsche Bank, a Germany-based financial services company, recently announced that it had raised USD 100 million from unspecified private investors for the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV). Continue reading
JMT Network Services Public Company Limited, a debt collector and loan provider in Thailand under Jay Mart Public Company Limited, recently announced that the organization and unnamed partners aim to establish a joint venture, JP Finance Co Ltd. Continue reading
The Asian Development Bank (ADB), a Philippines-based multilateral development finance institution, has committed to loaning USD 400 million toward its Financial Market Development and Inclusion Program (FMDIP) for Indonesia. Continue reading
The Microfinance Institutions Network (MFIN), a trade organization composed of 47 Indian microlenders, has advised its members to reduce their interest rates voluntarily by “at least 25 basis points”  by the end of September 2015. Continue reading
Starbucks Coffee Company, a US-based coffee retailer, recently announced that it would commit an additional USD 30 million to its Global Farmer Fund program, one of the organization’s “ethical sourcing initiatives” that aims to ensure the sustainability of the organization’s production chain up to 2020. Continue reading
The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, England, is considering extending a credit line of USD 70 million to the National Bank of Kuwait-Egypt (NBK-Egypt), a commercial bank based in Cairo, Egypt. Continue reading
The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it will partner with the Ministry of the Economy of Belarus “to improve the business environment through measures that will support the growth of small, medium-sized enterprises (SMEs)”.
Janalakshmi Financial Services, a Bangalore-based microfinance institution (MFI) that offers lending and insurance services to low-income households in India, recently announced that it had raised a total of INR 1.77 billion (approximately USD 27.7 million) through the issuance of non-convertible debentures (NCDs) and an unsecured term loan.
The Micro Units Development and Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans to microfinance institutions (MFIs) and non-banking financial institutions, recently announced that it had disbursed loans totalling INR 620 million (approximately USD 9.3 million) to MFIs in India.
Ujjivan Financial Services Private Limited, a microfinance institution (MFI) based in Bangalore, India, recently announced that it has raised INR 500 million (approximately USD 7.85 million) from United Trust of India (UTI), a mutual fund company based in Mumbai, India, through the issuance of secured, non-convertible debentures (NCDs).
Commercial banks including Thailand’s Kiatnakin Bank and Siam Commercial Bank (SCB); India’s Tamilnad Mercantile Bank (TMB); and the Netherlands’ ING Bank, recently announced the disbursement of a syndicated loan of USD 65 million to Cambodian microfinance institution (MFI) Prasac Microfinance Limited.