Category: Deals

MICROCAPITAL BRIEF: IFU, Finnfund, Danish Family Office Invest $8m in BOPA for Asian Microfinance

Base of Pyramid Asia (BOPA), a microfinance investment company in Singapore, recently informed MicroCapital that it has raised a total of USD 8 million in equity funding from the Investment Fund for Developing Countries (IFU), which is owned by the Danish government; the Finnish Fund for Industrial Cooperation (Finnfund), which is backed by the Finnish government; and a Danish family office. Continue reading

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MICROCAPITAL BRIEF: Water.org Launches WaterCredit Investment Fund 3 to Facilitate Access to Sanitation, Clean Water in Cambodia, India, Indonesia, the Philippines

WaterEquity, the “social impact investment” subsidiary of US-based NGO Water.org, recently launched the WaterCredit Investment Fund 3 with the goal of raising USD 50 million to “invest in enterprises serving water and sanitation needs among the world’s poor.” Continue reading

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MICROCAPITAL BRIEF: FINCA Armenia Completes $7m Dual-currency Bond Issue

FINCA Armenia, a microfinance institution based in Yerevan, recently issued bonds worth USD 4 million and AMD 1.5 billion (USD 3 million) listed on the NASDAQ OMX Armenia stock exchange. Continue reading

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MICROFINANCE BRIEF: Pakistan’s Khushhali Microfinance Bank Borrows $20m from ADB for Farmers, MSMEs

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently announced it will loan USD 20 million to Khushhali Microfinance Bank Limited of Pakistan to “expand access to credit for agriculture-related borrowers and small businesses.” Continue reading

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MICROCAPITAL BRIEF: Vodacom Paying $2.6b to Its Majority Shareholder, Vodafone, for 35% Equity Stake in Owner of Kenya’s M-Pesa Mobile Money Service, Safaricom

Vodacom, a unit of UK-based Vodafone Group Plc that provides mobile communications services to 61 million subscribers in Africa, is paying Vodafone ZAR 34.6 billion (USD 2.6 billion) for a 34.94-percent stake in Safaricom, a Kenyan mobile network operator. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Vodacom Paying $2.6b to Its Majority Shareholder, Vodafone, for 35% Equity Stake in Owner of Kenya’s M-Pesa Mobile Money Service, Safaricom Posted in Africa, Deals, Mobile Money

MICROCAPITAL BRIEF: EBRD Lending $2m to Microfinance Institution Microfund for Women (MFW) for Entrepreneurs, Syrian Refugees in Jordan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will loan USD 2 million in local currency to Microfund for Women (MFW), a microfinance institution in Jordan, to support female entrepreneurs in that country. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: EBRD Lending $2m to Microfinance Institution Microfund for Women (MFW) for Entrepreneurs, Syrian Refugees in Jordan Posted in Deals, Middle East

MICROCAPITAL BRIEF: EFSE Lending $25m to Turkey’s Yapi Kredi Leasing for Micro-, Small Enterprises (MSEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently indicated that it intends to lend USD 25 million to Turkey’s Yapi Kredi Leasing, “the largest subsidiary of Yapi Kredi Bank.” Continue reading

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MICROCAPITAL BRIEF: Incofin Sells Equity Stakes in Microfinance Institution Financiera Confianza of Peru, Affiliate of Fundacion BBVA MicroFinanzas

Belgium’s Incofin Investment Management (Incofin IM) recently informed MicroCapital that three of its funds, Incofin CVSO, Volksvermogen and Rural Impulse Fund I, have sold their stakes in Financiera Confianza, a Peruvian microfinance institution (MFI) affiliated with Fundacion BBVA MicroFinanzas, which in turn was launched by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) in 2007. While the sizes and prices of the stakes, which included all Confianza shares held by Incofin IM funds, remain confidential, Incofin IM reports that the funds earned “over Continue reading

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MICROCAPITAL BRIEF: Tunisia’s Union Internationale de Banques (UIB) Borrows $45m from EBRD for SMEs

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced it will loan EUR 40 million (USD 44.9 million) to Union Internationale de Banques (UIB), a Tunisian bank, to support small and medium-sized enterprises’ (SMEs’) “lending activities and expand access to finance for underserved Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund Loans $22m to UniCredit Bank Serbia for Renewable Energy Projects

The Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based facility investing in environmental efforts, recently announced it will loan EUR 20 million (USD 21.9 million) to UniCredit Bank Serbia, an arm of Italy’s UniCredit Group, to “reduce carbon dioxide emissions” by on-lending the funds to enable Continue reading

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MICROCAPITAL BRIEF: Incofin Sells 55% Equity Stake in Colombian Microfinance Institution Crezcamos to Its Founder, Mauricio Osorio

Belgium’s Incofin Investment Management recently informed MicroCapital that its Rural Impulse Funds I and II have sold all of their shares of Crezcamos, a Colombian microfinance institution (MFI), to Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) Places $10m Equity Investment in Satin Creditcare Network to Support Microfinance for Women in Rural India

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently made an equity investment of USD 10 million in Satin Creditcare Network Limited, a for-profit Indian microfinance institution (MFI). The funding will be used to “expand and broaden” the institution’s services for unserved Continue reading

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MICROCAPITAL BRIEF: Vision Microfinance Funds of C-Quadrat Loan $45m in Countries Including Bangladesh, Cambodia, Tajikistan, Nicaragua

C-Quadrat Asset Management recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 45 million during April to unidentified providers of financial services in a range of countries including Cambodia, Nicaragua and Tajikistan as well as – for the first time – Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1]. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $5m to Accion’s Early Dawn Microfinance to Support Women Entrepreneurs in Myanmar

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan Myanmar-based Early Dawn Microfinance Company Limited USD 5 million. Dawn lends to low-income women in living in urban and peri-urban areas. Continue reading

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MICROCAPITAL BRIEF: Canadian Government, KfW Contract with Développement international Desjardins (DiD) to Develop Capacity of Benin’s Microfinance Industry

Canada’s Développement international Desjardins (DiD) recently announced it has received funding from the Canadian government and Germany’s KfW (Kreditanstalt für Wiederaufbau) Development Bank to continue its work to strengthen Benin’s financial sector. The Canadian government awarded DiD a six-year contract to support 10 financial institutions and four related organizations Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Canadian Government, KfW Contract with Développement international Desjardins (DiD) to Develop Capacity of Benin’s Microfinance Industry Posted in Africa, Agriculture / Rural Finance, Deals

MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $46m, Largely in Asia, Panama, Tanzania

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 46 million to unidentified providers of financial services in Cambodia, India, Panama, Sri Lanka, Tanzania and Continue reading

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