The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, loaned USD 50 million to Bank of Georgia, a commercial bank, for expansion of its housing and micro- and small enterprise (MSE) lending operations. Continue Reading »

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made five debt investments in microfinance institution (MFI) ACBA-Credit Agricole Bank CJSC (ACBA) and its subsidiary leasing branch, ACBA Leasing. Continue Reading »

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria. Continue Reading »

Microfinance Information Exchange (MIX), a source of financial and social performance data on microfinance institutions (MFIs), funders and service providers, has received grants from the Michael & Susan Dell Foundation and the Ford Foundation to expand its Social Performance Information Program. Continue Reading »

responsAbility Social Investments AG (responsAbility), an investment manager based in Switzerland, reported to MicroCapital that it has provided a total of USD 6.5 million in debt financing to COAC Progreso, Pagasa and Vision Banco. Continue Reading »

responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided approximately USD 1.5 million in debt financing to FINCA DRC of Democratic Republic of the Congo, Grooming Nigeria of Nigeria and Women and Associations for Gain both Economic and Social (WAGES) of Togo. Continue Reading »

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made three debt investments totaling USD 800,000 in microfinance institutions (MFIs) Oxus Microfinance of Tajikistan and Crystal Fund of Georgia. Continue Reading »

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 »