The Prime Minister of Vietnam recently approved a National Microfinance Strategy, which aims to develop a safe and sustainable microfinance system to ensure social welfare and sustainable poverty eradication in the country Continue Reading »
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MICROCAPITAL BRIEF: Vietnam Sets 10-Year Microfinance Strategy, French Development Agency Donates $1.3m
MICROCAPITAL BRIEF: Armenia’s Small and Medium Business Credit Support Invests $2.6m in European Fund for Southeast Europe’s Armenia Local Currency Facility
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently announced that the Small and Medium Business Credit Support (SMBCS), a subsidiary of the Central Bank of Armenia, will invest EUR 2 million (USD 2.6 million) in EFSE’s new Armenia Local Currency Facility. Continue Reading »
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Arranges $9m Syndicated Loan for Microfinance Institution Mol Bulak Finance of Kyrgyz Republic Largely Funded by FMO, Loans $39m to ProCredit Bank Serbia
Mol Bulak Finance, a microfinance institution (MFI) in the Kyrgyz Republic, will receive a syndicated loan in local currency equivalent to USD 9 million arranged by the European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London [1]. Continue Reading »
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $4m in Local Currency to First MicroFinance Bank of Tajikistan to Support Small Businesses
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed to loan the equivalent of USD 4 million in the local currency, somoni, to First MicroFinance Bank (FMFB-TJK), a microfinance bank in Tajikistan that is affiliated with the Switzerland-based Aga Khan Development Network (AKDN) [1]. Continue Reading »
MICROCAPITAL BRIEF: Fortis Mobile Money to Enable Mobile Phone Banking for 180 Members of Nigeria’s National Association of Microfinance Banks, Lagos State Chapter (NAMBLAG)
The National Association of Microfinance Banks, Lagos State Chapter (NAMBLAG) of Nigeria has signed a memorandum of understanding with Fortis Mobile Money, a mobile money operator licensed by the Central Bank of Nigeria, to enable NAMBLAG’s 180 microfinance bank (MfB) members to offer mobile banking services to their customers. Continue Reading »
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Commits $520m to Small and Medium-Sized Agribusiness Enterprises in Turkey, Invests $31m in Sekerbank Bond Programme
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed EUR 400 million (USD 520 million) to increase financing to small and medium-sized enterprises (SMEs) in the agribusiness sector in Turkey [1]. Continue Reading »
MICROCAPITAL BRIEF: Vittana Receives $250k Grant from Google to Expand Online Lending for Education Microfinance
Vittana, a US-based nonprofit that raises funding for microloans for higher education in developing countries, has received a USD 250,000 grant from US-based internet and software company Google to expand its work over the course of two years [1]. Continue Reading »
MICROCAPITAL BRIEF: Incofin Lends $6m to Microfinance Institutions Vision Banco of Paraguay, Lazika Capital of Georgia, Credit Mongol of Mongolia, Forus Bank of Russia
Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs): USD 3 million to Vision Banco of Paraguay, USD 1 million to Lazika Capital of Georgia, USD 1 million to Credit Mongol LLC of Mongolia and USD 1 million to Forus Bank of Russia [1, 2, 3, 4]. Continue Reading »
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $50m Loan to Expand Access to Microcredit in Ecuador
The Inter-American Development Bank (IDB), a US-based multilateral finance institution, has approved a USD 50 million loan to expand access to microcredit in Ecuador, particularly among low-income women. Continue Reading »
MICROCAPITAL BRIEF: Microcredit Foundation Prizma of Bosnia and Herzegovina Borrows $680k in Local Currency from Privredna Banka Sarajevo dd
Microcredit Foundation Prizma, a microfinance institution located in Bosnia and Herzegovina, has reported to MicroCapital that it received a loan of BAM 1 million (USD 680,000) from Bosnian commercial bank Privredna Banka Sarajevo dd. Continue Reading »
MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU) to Expand Financial Services in Colombia with $2.5m Program
The World Council of Credit Unions (WOCCU), a US-based membership organization representing 41 country-level credit union trade groups, will expand financial services in remote areas of Colombia with a USD 2.5 million program that will employ mobile technology in an effort to bring financial services to 100,000 previously unbanked people in rural and low-income communities throughout the country. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Lends $6.2m to Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Lift Above Poverty Organisation (LAPO) of Nigeria
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria. Continue Reading »
MICROCAPITAL BRIEF: MasterCard Worldwide Grants $540k to Grameen Foundation to Launch Mobile Agricultural Data Service in Colombia
MasterCard Worldwide, a Canadian global payments and technology company, recently disbursed USD 540,000 grant to the US-based nonprofit Grameen Foundation to launch mobile services that will provide agricultural and financial information to farmers in the cities of Urabá and Santa Marta, Colombia. Continue Reading »
MICROCAPITAL BRIEF: European Fund for Southeast Europe Lends $13m to Intesa Sanpaolo Banka of Bosnia and Herzegovina
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, has reported to MicroCapital that it has made a loan equivalent to USD 13.4 million to Intesa Sanpaolo Banka, a commercial bank in Bosnia and Herzegovina. Continue Reading »
MICROCAPITAL BRIEF: Working Capital for Community Needs (WCCN) Loans $1.2m to Microfinance Operations of Pro Mujer in Nicaragua, Peru
Working Capital for Community Needs Incorporated (WCCN), a US-based nonprofit, has loaned the equivalent of USD 1.2 million in local currency to support the operations of microfinance institution (MFI) Pro Mujer in Nicaragua and Peru. Continue Reading »
MICROCAPITAL BRIEF: BlueOrchard Private Equity Fund Acquires 20% Stake in Microfinance Holding Company CHF Development Finance International, Focus to be on Middle East
The BlueOrchard Private Equity Fund (BOPE Fund), a microfinance investment vehicle managed by Switzerland’s BlueOrchard, recently acquired a 20 percent stake in US-based CHF Development Finance International, a holding company established by development organization CHF International to own and manage CHF’s commercially-oriented microfinance subsidiaries. Continue Reading »
MICROCAPITAL BRIEF: Incofin Invests $3m in Equity in Arman Financial Services Limited of India
Arman Financial Services Limited (Arman), a non-bank finance company based in India, has announced that its board has approved a proposed equity investment from Belgian company Incofin Investment Management (Incofin). Continue Reading »
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $34m to Banca Intesa Beograd of Serbia for Micro-and Small Enterprises
The Luxembourg-registered European Fund for Southeast Europe (EFSE) recently reported to MicroCapital that it has signed an agreement to loan EUR 25 million (USD 34 million) to Banca Intesa Beograd, a Serbian commercial bank, to boost the availability of financing to micro– and small enterprises (MSEs), including rural entrepreneurs and small agriculture producers in Serbia. Continue Reading »












