Category: Deals

MICROCAPITAL BRIEF: TPG Leads $150m Funding Round for Indian Microfinance Institution Janalakshmi

US-based private equity firm TPG has led a funding round in which Indian microfinance institution Janalakshmi Financial Services (JFS) raised USD 150 million. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Provide Technical Assistance, $2.5m Loan to Microcredit Foundation MI-BOSPO of Bosnia and Herzegovina

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced it has loaned Microcredit Foundation MI-BOSPO, a nonprofit microfinance institution in Bosnia and Herzegovina, EUR 2.5 million (approximately USD 2.8 million). Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Lends $17m to Finansbank of Turkey, Half for Micro-, Small Enterprises

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently extended a loan facility totalling EUR 15 million (approximately USD 17 million) to Finansbank A.S., a Turkish subsidiary of the National Bank of Greece Group, a financial conglomerate based in Athens. Continue reading

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MICROCAPITAL BRIEF: VisionFund International Buying Majority Equity Stake in Opportunity’s Microfinance Institution in Democratic Republic of Congo

Pending regulatory approval, VisionFund International, a US-based affiliate of the Christian humanitarian organization World Vision International, recently agreed to purchase a majority stake in Opportunity International’s (OI’s) microfinance institution (MFI) in the Democratic Republic of Congo (DRC). Continue reading

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MICROCAPITAL BRIEF: Small and Medium Enterprises Development Agency of Sierra Leone to Lend to SMEs at Single-digit Interest Rates without Collateral

The Small and Medium Enterprises Development Agency of Sierra Leone (SMESL), which was established by that nation’s parliament in 2015 [2], recently announced it will provide loans at interest rates below 10 percent per year without a collateral requirement, in an effort to strengthen small and medium-sized enterprises in the country. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $1.5m to Microfinance Institutions (MFIs) in Costa Rica, Moldova

During March 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 1.5 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Costa Rica and Moldova. Continue reading

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MICROCAPITAL BRIEF: Teranga Capital Launches Fund for Small Growing Business in Senegal

Investisseurs & Partenaires (I&P), a France-based family of investment funds that supports “socially responsible” entrepreneurs in Sub-Saharan Africa, recently announced the inauguration of its third fund, Teranga Capital (TC). Continue reading

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MICROCAPITAL BRIEF: Afluenta Raises $8m in Series B Equity Funding from International Finance Corporation, Elevar for Peer-to-Peer Lending in Latin America

Afluenta, an Argentina-based peer-to-peer (P2P) lending platform, recently announced it closed a series B funding round totaling USD 8 million from the International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and Elevar Equity, a “development-focused” private equity fund based in India. Continue reading

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MICROCAPITAL BRIEF: Gemeinschaftsbank für Leihen und Schenken (GLS) Invests $15m in Sanad Fund for MSME to Deploy in Middle East, North Africa

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in socially responsible and ecological projects, recently invested EUR 13 million (USD 14.5 million) in Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a Luxembourg-based public-private partnership that provides debt and equity financing in the Middle East and North Africa. Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund Southeast Europe (GGF) Signs $2.2m Senior Loan Facility with ICS Total Leasing & Finance of Moldova

The Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy, recently announced that it has agreed to disburse a senior loan of EUR 2 million (USD 2.2 million) to ICS Total Leasing & Finance S.A. (TLF), a Moldova-based non-banking financial institution. Continue reading

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MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent. Continue reading

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MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1]. Continue reading

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MICROCAPITAL BRIEF: Bank Negara Indonesia (BNI) to Distribute Funds from Government-Backed Kredit Usaha Rakyat (KUR) Microloan Program via Rural Banking Members of Perbarindo

Bank Negara Indonesia (BNI), a state-owned bank in Indonesia, recently signed an agreement with Perbarindo, an Indonesian association of rural banks, to support the government-backed microloan program Kredit Usaha Rakyat (KUR) channeling “subsidized loans” to micro- small and medium-sized enterprises. Continue reading

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MICROCAPITAL BRIEF: Equator Capital Takes Equity Stake in Nigeria’s Fortis Microfinance Bank via ShoreCap II Fund

Equator Capital Partners, an “impact” fund manager based in the US city of Chicago, Illinois, recently invested an undisclosed sum to acquire a minority stake in Fortis Microfinance Bank PLC, a microfinance institution (MFI) based in Abuja, Nigeria [1]. Continue reading

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MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance

Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price. Continue reading

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MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog

Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. Continue reading

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MICROCAPITAL BRIEF: Goodwell Investments Acquires Minority Stake in Microfinance Software Firm Musoni

Goodwell Investments, a for-profit social investment company based in the Netherlands, has invested an undisclosed sum to acquire a “significant minority stake” in Musoni Services, a Dutch microfinance software company with operations in Myanmar and nine African countries [1]. Continue reading

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MICROCAPITAL BRIEF: FMO Completes $153m Syndicated Loan to Sri Lanka’s Commercial Leasing & Finance (CLC)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently served as lead arranger and facility agent to finalize a USD 153 million senior secured syndicated loan for Sri Lanka’s Commercial Leasing & Finance (CLC). Continue reading

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