Category: Deals

MICROCAPITAL BRIEF: Incofin’s AgRIF, DWM’s Inclusive Finance Equity Fund II Invest $4m in Crystal, a Georgian Microfinance Institution Focusing on Rural Areas

The Agricultural Rural Impulse Fund (agRIF) together with the Inclusive Finance Equity Fund II recently acquired share capital valued at GEL 9 million (approximately USD 4 million) in Joint Stock Company Microfinance Organization Crystal (Crystal), a Georgian-based microfinance institution. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Incofin’s AgRIF, DWM’s Inclusive Finance Equity Fund II Invest $4m in Crystal, a Georgian Microfinance Institution Focusing on Rural Areas Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: Kenya’s Sidian Bank, Zohari Leasing to Finance Uber Driver’s Vehicles

Uber, a US-based car hailing service, and Sidian Bank, a Kenya-based commercial bank, recently announced they will support Uber drivers in the purchase or lease of new vehicles. Continue reading

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MICROCAPITAL BRIEF: Equator Capital Acquires Minority Interest in Kenya’s Jamii Bora Bank

Equator Capital Partners LLC, a US-based fund manager, through its fund Shore Cap II Limited, recently acquired a minority interest in Jamii Bora Bank Limited, a commercial bank based in Kenya whose customer base is made up primarily of micro-savers and borrowers. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Equator Capital Acquires Minority Interest in Kenya’s Jamii Bora Bank Posted in Africa, Deals

MICROCAPITAL BRIEF: Fairassets, Owner of Indian On-line Peer-to-Peer Lender Faircent, Sells Equity Stakes to Investors Including JM Financial, Aarin Capital, M&S Partners

JM Financial Limited, a financial services firm based in India, recently announced that it has acquired, through its subsidiary, JM Financial Products Limited, a 9.84-percent equity stake in Fairassets Technologies India Proprietary Limited, a peer-to-peer (P2P) lending company. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Fairassets, Owner of Indian On-line Peer-to-Peer Lender Faircent, Sells Equity Stakes to Investors Including JM Financial, Aarin Capital, M&S Partners Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $22m to Fibabanka of Turkey to Support Micro-, Small-scale Agriculture

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced it has loaned Fibabanka, a Turkish commercial bank, EUR 20 million (approximately USD 22 million) to finance micro- and small enterprises (MSEs) working in the Turkish agricultural sector. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Investments Loans $15m to Trustco of Namibia for Education Funding

ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan USD 15 million to Trustco Group Holdings Limited (Trustco), a company based in Windhoek, Namibia, that specializes in microfinance, micro-insurance and financial education. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: ResponsAbility Investments Loans $15m to Trustco of Namibia for Education Funding Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: India’s Janalakshmi Sells $7.5m in Securitized Microloans to Government-backed MUDRA, Arranged by IFMR Capital

IFMR Capital, an affiliate of the Chennai-based nonprofit Institute of Financial Management and Research (IFMR), recently structured the first capital market transaction for the Micro Units Development & Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans and other services to microfinance institutions (MFIs) and non-banking financial institutions (NBFCs). Continue reading

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MICROCAPITAL BRIEF: World Bank, Rabobank Foundation Seek to Replicate Consolidation of Agricultural Cooperatives in Albania

The World Bank, member of US-based multilateral World Bank Group, and the Rabobank Foundation, the “social fund” of the Dutch bank Rabobank, recently teamed up to consolidate agricultural cooperative financial institutions (CFIs), organizations set up by farmers to gain access to financing. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Provide Technical Assistance, $2.8m 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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Written by Comments Off on MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Lends $17m to Finansbank of Turkey, Half for Micro-, Small Enterprises Posted in Deals, Key Players

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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