responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it made three debt investments totaling USD 4.3 million in microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa, and Asociación de Comités de Productores Agropecuarios (ACOPAGRO), all of Peru. Continue Reading »

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has reported to MicroCapital that it loaned NLB Prishtina, a commercial bank based in Kosovo, and ProCredit Bank Serbia, a development-oriented bank, a total of USD 34.9 million. Continue Reading »

Bhartiya Samruddhi Finance Limited (BSFL), a microfinance institution (MFI) that is part of the BASIX group, reportedly plans to sell an INR 2.5 billion (the equivalent of USD 56.3 million) stake to a group of undisclosed private equity firms. Continue Reading »

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of three debt investments made during the month of September 2010 to financial institutions Inecobank of Armenia, Limited Liability Company (LLC) Microfiance Organization (MFO) Credo of Georgia and Pag-Asa of the Philippines. Continue Reading »

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of four debt investments made during the month of September 2010 to microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica and Crear Arequipa of Peru, the Bolivian operations of Pro Mujer and Fundación para el Desarrollo Socioeconómico Rural (FUNDESER) of Nicaragua. Continue Reading »

Compartamos Banco, a microfinance institution (MFI) based in Mexico, announced that it has raised MXN 1 billion (approximately USD 80.6 million) through the public issuance of local bank bonds (‘Certificados Bursátiles Bancarios’) in the local debt capital market. Continue Reading »

The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has loaned Export and Credit Bank (ECB), a commercial bank in Macedonia, EUR 6 million (USD 8.3 million) for on-lending to local businesses undertaking sustainable energy investmets or investments aimed at improving their competitiveness in local and European markets. EBRD holds a 25 percent stake in ECB. Continue Reading »

The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, is supporting the diversification of financial services available to small and medium-sized companies in Poland with a loan of PLN 80 million (approximately USD 28.6 million) to Masterlease, a provider of car leasing and fleet services, to support further growth of the company’s portfolio and customer base. Continue Reading »

responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided a total equivalent to USD 3 million in debt financing to Fondesurco (Fondo de Desarrollo Regional) of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador. Continue Reading »

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) managed by Oppenheim Asset Management Services with an investment portfolio of EUR 578.9 million (approximately USD 805 million) as of year-end 2009, has reported to MicroCapital that it loaned Hipotekarna Banka, a commercial bank based in Montenegro, and Ararat Bank, a commercial bank based in Armenia, a total of USD 11 million. Continue Reading »

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made five debt investments totaling USD 5.5 million in microfinance institutions (MFIs) Prasac of Cambodia and Credit Mongol of Mongolia. Continue Reading »

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV), has announced to MicroCapital that it made two debt investments in Banka Kombetare Tregtare (BKT) ShA (Joint Stock Company), a private commercial bank in Albania, in September 2010. Continue Reading »

responsAbility Social Investments AG (responsAbility), a social investment company founded in 2003 in Switzerland, reported to MicroCapital that it made two debt investments during the month of September totaling EUR 1 million (USD 1.3 million) in microfinance institution (MFI) fondiBESA of Albania and a third debt investment of USD 1.5 million in Pearl Microfinance Limited of Uganda. Continue Reading »

responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital the details of six debt investments it made in September 2010 to Inecobank of Armenia, SEF International of Armenia and Kazmicrofinance (KMF) of Kazakhstan totaling USD 4.4 million. Continue Reading »

Two projects aiming to improve the housing market in Tanzania are bringing the rough equivalent of USD 70 million to the sector. Continue Reading »

MFTransparency, a US-based nongovernmental organization launched in July 2008 that aims to provide information on credit products and pricing, and the Africa Microfinance Network (AFMIN), an association of microfinance networks that is based in Benin, are partnering to encourage the participation of AFMIN members in MFTransparency’s Transparent Pricing Initiative, which aims to provide training on interest rate calculations, publish online pricing information and promote consumer protection. Continue Reading »

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador. Continue Reading »

Central and Eastern Europe (CEE) Microfinance Holdings NV, a Dutch private-equity holding company owned by Development Finance Equity (DFE) Partners’ Balkan Financial Sector Equity Fund (BFSEF) of the Netherlands and US-based private-equity fund Creation Investments Capital Management, recently announced the purchase of three microfinance institutions (MFIs) located in Albania, Poland and Russia. Continue Reading »