Category: Deals

MICROCAPITAL BRIEF: India’s Ujjivan Financial Services Raises $7.85m from  Mutual Funds for On-Lending To Micro-, Small, Medium-Sized Enterprises (MSMEs)

 Ujjivan Financial Services Private Limited, a microfinance institution (MFI) based in Bangalore, India, recently announced that it has raised INR 500 million (approximately USD 7.85 million) from United Trust of India (UTI), a mutual fund company based in Mumbai, India, through the issuance of secured, non-convertible debentures (NCDs).

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MICROCAPITAL BRIEF: Thailand’s Kiatnakin Bank, Siam Commercial Bank; India’s Tamilnad Mercantile Bank; ING Bank of the Netherlands Participate in $65m Syndicated Loan to Microfinance Institution (MFI) Prasac to Encourage Growth of Micro-, Small, Medium-sized Enterprises (MSMEs) in Rural Cambodia

Commercial banks including Thailand’s Kiatnakin Bank and Siam Commercial Bank (SCB); India’s Tamilnad Mercantile Bank (TMB); and the Netherlands’ ING Bank, recently announced the disbursement of a syndicated loan of USD 65 million to Cambodian microfinance institution (MFI) Prasac Microfinance Limited. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $170k in Local Currency to Togo’s COOPEC SIFA

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has disbursed the initial tranche of a loan equivalent to approximately USD 170,000 in local currency to (Coopérative d’Epargne et de Crédit des Soutien aux Initiatives de Femmes pour l’Autopromotion (COOPEC SIFA), a microfinance institution (MFI) in Togo that focuses on serving poor women. Continue reading

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MICROCAPITAL BRIEF: India’s Micro Units Development and Refinance Agency (MUDRA) Bank Loans $5.5m to Microfinance Institution (MFI) Satin Creditcare

The Micro Units Development and Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans to microfinance institutions (MFIs) and non-banking financial institutions, recently announced that it has disbursed a loan of INR 350 million (approximately USD 5.5 million) to Satin Creditcare Network Limited, a for profit MFI based in Delhi, India.
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MICROCAPITAL BRIEF: Sanad, Attijari Leasing Partner to Increase Financing for Small, Medium-sized Enterprises (SMEs) in Tunisia

The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Attijari Leasing, a Tunisia-based subsidiary of Attijari Bank that provides leasing services, signed a senior loan agreement for USD 5 million to support micro-, small- and medium-sized enterprises (MSMEs) in Tunisia. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will disburse a loan of USD 10 million to Hattha Kaksekar Limited (HKL), a microfinance institution (MFI) in Cambodia. Continue reading

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MICROCAPITAL BRIEF: Tanzania’s FINCA Microfinance Bank, Bharti Airtel to Provide Mobile Banking Services

FINCA Microfinance Bank (formerly FINCA Tanzania), an affiliate of nonprofit microfinance network FINCA International, has announced a partnership with Bharti Airtel, an Indian telecommunications company, aiming to provide mobile banking microfinance services to FINCA’s clients in Tanzania. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $5.5m in Credits to Microfinance Institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia, Nicaragua

During July 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth USD 6 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia and Nicaragua. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $1.2m in Local Currency to Alidé, COMUBA of Benin

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued initial tranches of the following loans: (1) The equivalent of approximately USD 882,000 in local currency to be disbursed over three years to Alidé, a microfinance institution (MFI); and (2) the equivalent of approximately USD 336,000 in local currency to be disbursed over two years to the credit union La Coopérative Des Membres Unis Bethel Actions (COMUBA). Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $1.5m to Première Agence de Microfinance – Burkina Faso, Côte d’Ivoire

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following loans: (1) The equivalent of approximately USD 676,000 in local currency over three years to Première Agence de Microfinance au Burkina Faso (PAMF – BF), a microfinance institution (MFI) in Burkina Faso; and (2) the equivalent of approximately USD 845,000 in local currency over three years to Première Agence de Microfinance Côte d’Ivoire (PAMF – CI), an MFI in Ivory Coast [1]. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $424k to Sri Lanka’s Janamithu Lanka Limited, $841k to Tajikistan’s Humo and Partners

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) The equivalent of EUR 462,000 (approximately USD 424,000) in local currency over three years to Janamithu Lanka Limited (JLL), a microfinance institution (MFI) in Sri Lanka that offers loans to poor people for education and asset building; and (2) EUR 850,000 (approximately USD 841,000) over one year to Humo and Partners, a Tajikistan-based MFI founded by the local affiliate of Switzerland-based nongovernmental organization CARE International. The MFI lends mainly to farmers and other rural entrepreneurs [1]. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Sells Bonds Worth $11m for South Africa’s SA Taxi

Symbiotics, a Switzerland-based investment company that focuses on emerging markets, recently announced that it has completed the second tranche of a bond transaction worth USD 11 million to benefit SA Taxi Development Finance (SA Taxi), a South African leasing company that finances “minibus taxi” operators in the country. Continue reading

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MICROCAPITAL BRIEF: MetLife Foundation Donates $1.8m to Opportunity International to Support Financial Access through Microfinance, Education in Rural China

MetLife Foundation, an affiliate of the Chicago-based insurance company MetLife, recently announced the disbursement of USD 1.8 million in grant funding to Opportunity International, a microfinance NGO also based in the US city of Chicago, to support its outreach via bank branches and mobile vans in rural China.  Continue reading

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MICROCAPITAL BRIEF: Bank of Kigali, Mobile Telecommunications Network (MTN) Rwanda to Offer Mobile Financial Services

Bank of Kigali, a Rwandan commercial bank, and the Rwandan branch of Mobile Telecommunications Network (MTN), a South Africa-based internet and telecommunications company, recently entered into a partnership that will allow MTN subscribers who are also customers of Bank of Kigali to transfer funds between their Bank of Kigali accounts and MTN’s mobile payments platform, Mobile Money. Continue reading

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MICROCAPITAL BRIEF: Sanad, Bankmed Partner to Support Small, Medium-sized Enterprises (SMEs) in Lebanon

The Sanad Fund for MSME (micro-, small and medium-sized enterprise) (Sanad), a Luxembourg-based organization that provides “medium- and long-term”[1] debt and equity to financial institutions in the Middle East and North Africa region, has recently announced the disbursement of a loan of USD 15 million to Bankmed, a Lebanese commercial bank regulated by the Central Bank of Lebanon. Continue reading

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MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $107m Through European Programme for Employment and Social Innovation (EaSI), Expect to Generate $213m in Loans to European Social and Micro-enterprises

The European Commission, the European Union’s executive body, and the European Investment Fund (EIF), an EU-affiliated provider of finance to organizations that lend to small and medium-sized enterprises (SMEs), recently partnered to introduce the European Programme for Employment and Social Innovation (EaSI). Continue reading

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MICROCAPITAL BRIEF: Black Sea Trade and Development Bank to Loan $7m to FINCA Georgia for On-lending to Micro- and Small Enterprises

FINCA Bank Georgia (FINCA Georgia), the Georgia-based subsidiary of the Foundation for International Community Assistance (FINCA International), a US-based nonprofit microfinance organization, recently announced that it has entered into an agreement with the Greece-based international financial institution Black Sea Trade and Development Bank (BSTDB), to receive a loan of USD 7 million. Continue reading

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