Category: Deals

MICROCAPITAL BRIEF: The MasterCard Foundation, Root Capital to Invest $5.2m in Early-Stage Agricultural Businesses in West Africa

Root Capital, a US-based nonprofit investment fund, and The MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard Worldwide, recently announced a partnership aimed at raising incomes for 300,000 smallholder farmers in West Africa. Continue reading

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MICROCAPITAL BRIEF: Multilateral Investment Fund Approves $4m Equity Investment in Angel Ventures Pacific Alliance Fund for SMEs in Chile, Colombia, Mexico, Peru

The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, recently announced an equity investment USD 4 million in the newly-established Angel Ventures Pacific Alliance Fund (AVPAF), a Mexico-based venture capital fund targeting “start-up” and “scale-up” businesses in Chile, Colombia, Mexico and Peru. Continue reading

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MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru, Romania, Including $3m for Education Lending

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania. Continue reading

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MICROCAPITAL BRIEF: Maj Invest Raising Additional $25m for Financial Inclusion Fund II for Microfinance in Bolivia, Colombia, Ecuador, Peru

Maj Invest Group, a Denmark-based asset management and private equity firm, recently announced plans to grow its Maj Invest Financial Inclusion Fund II by USD 25 million to invest in Bolivia, Colombia, Ecuador and Peru. Continue reading

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MICROCAPITAL BRIEF: India’s Nandan Nilekani, Ratan Tata, Vijay Kelkar, R.Venkataramanan Announce the Start of New Microfinance Company, Avanti Finance

Nandan Nilekani, Co-founder of Infosys Limited; Ratan Tata, Chairman Emeritus of Tata Sons; Vijay Kelkar, Chairman of India’s National Institute of Public Finance and Policy; and R. Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust, recently announced the launch of Avanti Finance, “a technology enabled financial inclusion vehicle.” Continue reading

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MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Launches AgriBiashara to Bolster Agricultural Value Chains; Wajibu to Increase Financial Literacy, Youth Savings

The National Microfinance Bank (NMB), a microfinance institution (MFI) 51-percent owned by the government of Tanzania, recently announced the launch of two new programs: AgriBiashara, to support agricultural value chains, and Wajibu, a set of youth savings accounts formed through a partnership with Women’s World Banking, a US-based nonprofit that aims to increase access to financial services for low-income women.  Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Launches AgriBiashara to Bolster Agricultural Value Chains; Wajibu to Increase Financial Literacy, Youth Savings Posted in Africa, Deals, Trends/Challenges

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $4.5m to Microfinance Institution Alter Modus of Montenegro

 

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced a loan of EUR 4 million (USD 4.5 million) to Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Announces $1.7m Senior Loan to Kreditimi Rural I Kosoves (KRK) for Microfinance in Rural Kosovo

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment fund focused on fostering economic growth in 16 Central Asian and Southeast European countries, recently issued a senior loan in the amount of EUR 1.5 million (USD 1.7 million) to Kreditimi Rural I Kosoves (KRK), a Kosovo-based microfinance institution (MFI) that specializes in “agri-lending” to micro- and small enterprises (MSEs). Continue reading

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MICROCAPITAL BRIEF: EFSE Loans $2.3m to Kosovo’s AFK for On-Lending to Rural Microfinance Clients

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced a senior loan of EUR 2 million (USD 2.3 million) to Agjencioni për Financim në Kosovë (AFK), a non-banking microfinance institution operating in Kosovo. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loaning up to $2m to Arvand of Tajikistan for On-lending to Micro- and Small Enterprises (MSEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently agreed to provide loan funds of up to TJS 15.7 million (USD 2 million) to Arvand, a Tajikistan-based microfinance institution (MFI), for on-lending to local micro- and small enterprises (MSEs). Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) Announces $50m Credit Facility to China Foundation for Poverty Alleviation for Microfinance in Rural PRC

The Asian Development Bank (ADB), a 67-member development finance institution headquartered in the Philippines, recently issued a credit facility of USD 50 million to CFPA Microfinance Management Company Limited, an investment vehicle of the NGO China Foundation for Poverty Alleviation (CFPA), to support rural microfinance in the People’s Republic of China (PRC).  Continue reading

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MICROFINANCE PAPER ROUND-UP: Managing Risks for Smallholders in Africa, Financing Shortfall for Women-owned Enterprises in Indonesia, Perspectives of Banks in Emerging Countries on Financial Inclusion

“Finance for Smallholders: Opportunities for Risk Management by Linking Financial Institutions and Producer Organisations;” by J de la Rive Box et al; published by the Food & Business Knowledge Platform, Agri Pro Focus and the Platform for Inclusive Finance NPM; May 2016;  22 pages; available at: http://www.inclusivefinanceplatform.nl/documents/npm%20summary%20report%20finance%20for%20smallholders.pdf Continue reading

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MICROCAPITAL BRIEF: FMO, Bladex Co-Arrange $100m Loan for Banco Continental Paraguay, including $47m for On-Lending to Small, Medium-Sized Enterprises

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay. Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund to Loan $2.2m to Microfinance Institution Alter Modus of Montenegro for Energy Efficiency for Housing, Business

The Green for Growth Fund (GGF), a Luxembourg-based investment vehicle that supports energy-efficiency (EE) initiatives in Southeast Europe, recently announced that it will invest EUR 2 million (USD 2.2 million) in debt in Alter Modus, a Montenegro-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: IFC Issues Taino II Local-currency Bond, Raising $4m for Banco ADOPEM’s Microfinance Efforts in the Dominican Republic

The International Finance Corporation, the private-investment arm of the World Bank Group, recently issued its “Taino II” bond in the amount of DOP 180 million (USD 4 million), the proceeds of which will go to Banco de Ahorro y Crédito ADOPEM SA, a microfinance institution formerly known as Asociación Dominicana para el Desarrollo de la Mujer that is a member of the Spain-based Fundación BBVA Microfinanzas. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: IFC Issues Taino II Local-currency Bond, Raising $4m for Banco ADOPEM’s Microfinance Efforts in the Dominican Republic Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $34m to Microfinance Institutions (MFIs) in Latin America, South Asia

During July 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 34 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ecuador, India, Nicaragua, Paraguay and Sri Lanka. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Announces $10m Loan to Moroccan Microfinance Institution Albaraka

The Sanad Fund for MSME (Micro Small and Medium Enterprises), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced a partnership with Albaraka, a Moroccan microfinance institution (MFI), Continue reading

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