Financial Information Networks and Operation (FINO), an Indian for-profit technology provider to microbanks and other financial service providers, reportedly has purchased the Indian mobile payment services business of Nokia, a Finnish handset provider, for an undisclosed amount of cash. Continue Reading »
» Currently browsing: Deals
MICROCAPITAL BRIEF: India’s Financial Information Networks and Operation (FINO) Purchases Mobile Payment Business from Nokia
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $10m to Partner Microcredit Foundation of Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has agreed to disburse a loan to Partner Microcredit Foundation (Partner MCF), a microcredit organization based in Bosnia and Herzegovina, in the amount of EUR 8 million (USD 9.8 million). Continue Reading »
MICROCAPITAL BRIEF: IFC, EFSE Loan $49m total to Fibabanka AS of Turkey for Women-Owned Businesses
The International Finance Corporation (IFC), a member of the World Bank Group, and European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg, have agreed to disburse loans totaling the equivalence USD 48.9 million to Fibabanka AS, a Turkish investment bank. Continue Reading »
MICROCAPITAL BRIEF: BNP Paribas, Russian Microfinance Department Award $2m Loan to FINCA Russia
Banque Nationale de Paris (BNP) Paribas Russia, the Russian arm of French financial services provider BNP Paribas, and the microfinance department of Russia’s Ministry of Finance have reportedly awarded a two-year, USD 2 million loan to FINCA Universal Credit Organization CJSC, a subsidiary of US-based nonprofit microfinance institution (MFI) FINCA International. Continue Reading »
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $50m to Jiangsu Financial Leasing of China for On-lending to Small and Medium-Sized Enterprises (SMEs) in Education, Healthcare
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to provide a loan of USD 50 million to Jiangsu Financial Leasing, which was founded in 1985 and is controlled by the Chinese government. Continue Reading »
MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD) Partner to Support Small and Medium-Sized Enterprises in Mongolia, Turkey
The European Union (EU) and the European Bank for Reconstruction and Development (EBRD), a London-based multilateral investor, recently partnered to launch a EUR 3.8 million (USD 4.7 million) project in Mongolia geared towards small and medium-sized enterprises (SMEs). Continue Reading »
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Open Credit Line Totaling $100m to 400 Small and Medium-Sized Suppliers to Comercial Shops Mexicana (TCM)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has opened credit lines totaling USD 100 million to 400 small and medium-sized enterprises (SMEs) that sell products to Mexican supermarket chain Comercial Shops Mexicana (TCM). Continue Reading »
MICROCAPITAL BRIEF: Safaricom’s M-Pesa Mobile Money Partners with PesaPoint to Increase Financial Access in Kenya
Safaricom, a Kenyan mobile network operator that runs the mobile money service M-Pesa, recently signed a deal with Paynet Group, an information technology company operating in Kenya and Zimbabwe, allowing customers of the 28 Kenyan institutions on the group’s PesaPoint automated teller machine (ATM) network to move funds via mobile phone. Continue Reading »
MICROCAPITAL BRIEF: Funds Managed By Incofin Loan $5m to FINCA Kyrgyzstan, Bai Tushum of Kyrgyzstan; Take 35% Stake in Unguka Bank of Rwanda
Incofin, a Belgian for-profit microfinance investment manager, has agreed to disburse loans of USD 3 million to FINCA Kyrgyzstan, a branch of US-based microfinance nonprofit FINCA International, and USD 2 million to Bai Tushum Partners, a microfinance institution (MFI) based in Kyrgyzstan. Continue Reading »
MICROCAPITAL BRIEF: Union Banka to Lend $950k to Microcredit Foundation Prizma of Bosnia and Herzegovina
Union Banka, a financial institution in Bosnia and Herzegovina, recently approved a BAM 1.5 million (USD 958,000) loan exposure to the Microcredit Foundation Prizma, a microfinance institution (MFI) in the same country. Continue Reading »
MICROCAPITAL BRIEF: Swarna Pragati Housing Microfinance, Accion Invest $4.5m in Saija Finance of India
Swarna Pragati Housing Microfinance Limited, an Indian housing finance company, and Accion, a US-based nonprofit, reportedly have invested USD 4.5 million in Saija Finance, an Indian microfinance institution (MFI).
MICROCAPITAL BRIEF: Indian Microfinance Institution Grameen Koota Raises $5m from responsAbility through Nonconvertible Debentures
Grameen Financial Services Private Limited (Grameen Koota), an Indian microfinance institution (MFI), recently raised INR 25 crore (USD 5 million) in debt funding through the issue of secured, redeemable, non-convertible debentures (NCDs). Continue Reading »
MICROCAPITAL BRIEF: Grameen Credit Agricole Lends $467k to Microfinance Institution GRAINE of Burkina Faso, $1.2m to Angkor Mikroheranhvatho Kampuchea of Cambodia and $2.5m to LOLC Micro Credit Limited of Sri Lanka
The Grameen Credit Agricole Microfinance Foundation (GCAMF), which was founded in Luxembourg by French bank Credit Agricole and Grameen Trust of Bangladesh, has reported to MicroCapital that it has issued its first loan in Burkina Faso to Groupe d’Accompagnement à l’Investissement et à l’Epargne (GRAINE), a microfinance institution (MFI) that serves 40,000 women primarily in remote areas. Continue Reading »
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $1.6m in Chinese-Mongolian Microcredit Company Urumqi Tianrong
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is making a CNY 10 million (USD 1.6 million) equity investment in Urumqi Tianrong Microcredit Company, a joint venture of Mongolia-based TenGer Financial Group (TFG), IFC and three unidentified investors from China and Mongolia. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Loans $3.3m to Microfinance Institutions D-Miro of Ecuador, Fielco of Paraguay, Nueva Vision of Peru
ResponsAbility Social Investments, a Swiss investment company, recently completed three investment deals with microfinance institutions (MFIs) in Ecuador, Paraguay and Peru. Continue Reading »
MICROCAPITAL BRIEF: ResponsAbility Loans $4.1m to ACLEDA Laos, Middle East Micro Credit Company of Jordan
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached a total of three investment deals with microfinance institution (MFI) ACLEDA Laos Bank, an affiliate of Cambodian public limited company ACLEDA (formerly Associaton of Cambodian Local Economic Development Agencies) Bank and Middle East Micro Credit Company (MEMCC), a for-profit development finance institution in Jordan. Continue Reading »
MICROCAPITAL BRIEF: Green for Growth Fund Loans $30.6m to Partner Microcredit Foundation of Bosnia and Herzegovina, Komercijalna Banka Beograd of Serbia
The Green for Growth Fund (GGF), a public-private partnership domiciled in Luxembourg that supports energy-efficient projects, has disbursed a loan of EUR 1.5 million (USD 1.9 million) to Partner Microcredit Foundation (Partner MCF), a microcredit organization based in Bosnia and Herzegovina, as well as a loan of EUR 23 million (USD 28.6 million) to Komercijalna Banka Beograd, a bank based in Serbia. Continue Reading »
MICROCAPITAL BRIEF: Austrian Development Bank Oesterreichische Entwicklungsbank AG (OeEB) to Invest $18.75m in European Fund for Southeast Europe (EFSE)
Oesterreichische Entwicklungsbank AG (OeEB), Austria’s official development bank, recently pledged an investment of EUR 15.0 million (USD 18.75 million) to the European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg. Continue Reading »













