Category: Deals

MICROCAPITAL BRIEF: Expanding M-Pesa Mobile Money to Europe, Vodafone Targets 35% of Romanians Without Bank Accounts

In Romania, UK-based telecommunications firm Vodafone has been expanding M-Pesa, its mobile money service that was first launched in 2007 in Kenya, from the pilot stage to a complete rollout. Continue reading

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MICROCAPITAL BRIEF: CDC, Creation Investments, DEG, International Finance Corporation (IFC), FMO Acquire 40% Equity Stakes in India’s Equitas for $51.4m

The Commonwealth Development Corporation (CDC), which is owned by the UK government; Creation Investments Capital Management (Creation Investments), a US-based alternative investment management company; Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG), a German development finance institution offering long-term project and company financing; the International Finance Corporation (IFC), the private-investment arm of the World Bank Group; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that they will invest a total of INR 325 cores (USD 51.4 million) to acquire 40 percent of the shares of Equitas Holdings, an Indian microfinance lender. Continue reading

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MICROCAPITAL BRIEF: Credit Suisse to Fund Opportunity International’s “Empowering Generational Change Through Education” in Africa, Asia, Latin America

Credit Suisse, a Swiss global financial services company with operations in 50 countries, has agreed to donate an undisclosed sum to Opportunity International, a US-based nonprofit providing microfinance in 22 countries, to launch a three-year program entitled “Empowering Generational Change Through Education” that focuses on lending for education initiatives. Continue reading

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MICROCAPITAL BRIEF: Millicom’s Tanzanian Arm Distributes Profits of $1.8m to Tigo Pesa Mobile Money Customers

Millicom International Cellular, a Luxembourg-based telecommunications company that operates the brand Tigo, recently announced that its Tanzanian unit will distribute third quarter profits of TZS 3 billion (USD 1.8 million) to users and agents of Tigo Pesa, a mobile money service accessed by 3.6 million customers. Continue reading

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MICROCAPITAL BRIEF: International Financial Organization (IFC) to Invest $67m in Equity in Bank Alfalah of Pakistan to Promote Financial Access for Small, Medium-sized Enterprises (SMEs); Economic Growth; Job Creation

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it will invest USD 67 million in Bank Alfalah (Alfalah), a Pakistan-based financial institution. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $5m to Muganbank of Azerbaijan for On-lending to Rural Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it has established a partnership with Muganbank Open Joint Stock Company (OJSC) (Muganbank), a retail and corporate bank in Azerbaijan. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Establish $99m Sustainable Energy Financing Facility for Morocco; to Loan $6m to Banque Marocaine du Commerce Extérieur (BMCE) of Morocco for On-Lending for Sustainable Energy Investments; to Establish $37m Sustainable Energy Financing Facility for Jordan

The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in England, is considering the establishment of a EUR 80 million (USD 99.4 million) “Sustainable Energy Financing Facility for Morocco”[1] (MorSEFF) that would disburse loans to EBRD’s partner financial institutions in Morocco. Continue reading

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MICROCAPITAL BRIEF: FairTrade Access Fund (FAF) Issues Trade Finance Loan Worth $931k to Ecookim of Cote D’Ivoire

FairTrade Access Fund (FAF), an affiliate of German NGO Fairtrade International that provides loans to farmers in developing countries, recently announced that it has issued a trade finance loan of EUR 750,000 (USD 931,000) to Ecookim, a union of cooperatives based in Cote d’Ivoire, to support the purchase of cocoa beans from 3,700 local suppliers in Central and Western Cote d’Ivoire. Continue reading

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MICROCAPITAL BRIEF: International Financial Organization (IFC) to Loan $30m to Rizal Commercial Banking Corporation (RCBC) of Philippines to Fund Small, Medium-sized Enterprises; Women-led Businesses

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has approved a “medium-term loan”[1] of up to USD 30 million to the Rizal Commercial Banking Corporation (RCBC), a commercial bank in the Philippines. Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Loans $24.8m to Cooperative Rural Development Bank (CRDB) of Tanzania, Announces $6.2m for Technical Assistance Programmes in East Africa

The European Investment Bank (EIB), the lending bank of the European Union, recently announced that it will issue a loan worth EUR 20 million (USD 24.8 million) to the Cooperative Rural Development Bank (CRDB), a commercial bank in Tanzania, to support small businesses in the agriculture, manufacturing and retail sectors in Tanzania. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Expected to Loan $5m in Local Currency to Imon International of Tajikistan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that finances development projects in Eastern Europe, Central Asia and North Africa, is expected to issue a four-year, senior loan worth the local-currency equivalent of USD 5 million to Imon International, a microfinance institution (MFI) based in Tajikistan, to increase its lending to small-and medium-sized enterprises (SMEs). Continue reading

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MICROCAPITAL BRIEF: Mozido Raises $185m from MasterCard, Wellington Management, Individual Funders to Expand Operations

Mozido, a US-based mobile payment and marketing software company, recently raised USD 185 million in capital in the first round of its Series B financing to expand its mobile and payment services in Africa, China, Europe, India, Latin America and the Middle East. Continue reading

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 MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Provides $12.5m to Fibabanka of Turkey to Support Small, Medium-Sized Enterprises (SMEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), will disburse a EUR 10 million (USD 12.5 million) senior loan to Fibabanka, a Turkish commercial bank, for lending to small and medium-sized enterprises (SMEs). Continue reading

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MICROCAPITAL BRIEF: The MasterCard Foundation, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) Provide $6.5m to Launch Accion Africa Board Fellowship

Accion, a US-based nonprofit organization that offers services such as microenterprise loans and business training in 32 countries; The MasterCard Foundation, a Canadian nonprofit that promotes financial inclusion and education in Africa and other emerging markets; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently partnered to launch the Accion Africa Board Fellowship in an effort to promote improved corporate governance and risk management practices in financial institutions assisting people with low incomes. Continue reading

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MICROCAPITAL BRIEF: Center for Agriculture and Rural Development (CARD) Mutually Reinforcing Institutions, Microcredit Summit Campaign, Freedom from Hunger Partner to Launch “Healthy Mothers, Healthy Babies” in Effort to Reach 600k Filipino Women

The Center for Agriculture and Rural Development Mutually Reinforcing Institutions (CARD MRI), a group of organizations in the Philippines that includes CARD Bank; the Microcredit Summit Campaign, a US-based advocacy organization; and Freedom from Hunger, a US-based non-governmental organization (NGO) that offers financial and health protection services in 23 countries, launched the program “Healthy Mothers, Healthy Babies,” which is expected to provide maternal health services to 600,000 Filipino women. Continue reading

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MICROCAPITAL BRIEF: Dianrong.com to Expand Peer-to-Peer Lending to Small Businesses in China Via Joint Venture With Bank of Suzhou

The Bank of Suzhou Limited, a Chinese commercial bank, has announced that it will collaborate with Dianrong.com, a Chinese peer-to-peer lending platform, to build a website to intermediate loans from members of the public to micro- and small enterprises. Continue reading

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MICROCAPITAL BRIEF: VisionFund Selling Georgian Microfinance Institution (MFI) Credo to Impact Investors AccessHolding, responsAbility, Triodos

VisionFund International, a subsidiary of US-based, Christian NGO World Vision International, recently received approval from the National Bank of Georgia to sell its stake in Microfinance Organization Credo, LLC (Credo), to “a consortium of social impact investors” including Access Microfinance Holding AG (AccessHolding), a holding company based in Germany that specializes in microfinance investments; responsAbility Investments AG (responsAbility), a company based in Zurich that primarily invests in developing economies; and Triodos Investment Management BV (Triodos), a subsidiary of Netherlands-based Triodos Bank. Continue reading

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