Category: Deals

MICROCAPITAL BRIEF: Grameen Credit Agricole Lends $1m to Première Agence de Microfinance au Burkina Faso, $239k to Biotropical of Cameroon

Grameen Credit Agricole, a Luxembourg-based organization that provides financing to microfinance institutions (MFIs), recently informed MicroCapital that it has granted a 3-year loan of EUR 770,000 (USD 1.05 million) to the Première Agence de Microfinance au Burkina Faso (PAMF-BF), an MFI in Burkina Faso, and a loan of EUR 175,000 (USD 239,000) to Biotropical, a Cameroon-based fruit company that works with small farmers. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $5m to Microfinance Institutions (MFIs) in Azerbaijan, El Salvador, Tajikistan

Two funds controlled by Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, have distributed credits worth approximately USD 5 million to unspecified microfinance institutions (MFIs) in Azerbaijan, El Salvador and Tajikistan. Continue reading

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MICROCAPITAL BRIEF: SKS Trust Advisors Sells 7.6% of SKS Microfinance, Decreasing Stake to 4.8%

SKS Trust Advisors Private Limited, the India-based trustee of five mutual benefit trusts benefiting groups who borrow from SKS Microfinance Limited, reportedly has sold a 7.6-percent stake in SKS Microfinance, a for-profit Indian microfinance institution (MFI), to an unspecified buyer. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Likely to Loan Azeri DemirBank $50m for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs); $5m to Promote Residential, Business Energy Efficiency

The London-based European Bank for Reconstruction and Development (EBRD) is considering issuing a syndicated A/B loan of USD 50 million to provide capital to Azerbaijan-based, “socially oriented” bank DemirBank for “on-lending to micro, small and medium-sized enterprises (MSMEs)”[1] in the country. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation, Centre International de Développement et de Recherche (CIDR) to Expand Health Microinsurance in Senegal

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Centre International de Développement et de Recherche (CIDR), a nongovernmental organization based in France, recently announced an agreement “to expand micro health insurance in Senegal to low-income and informally employed individuals”[1] through Pool Micro Assurance Santé, a health services provider in Senegal. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers Implementing $27m Western Balkans “Women in Business” Financing Program

The European Bank for Reconstruction and Development (EBRD), a multilateral funder, is considering implementing a Western Balkans “Women in Business Financing Program” (WiB Program) in Albania, Bosnia and Herzegovina, The Former Yugoslav Republic of Macedonia, Kosovo, Montenegro and Serbia. Continue reading

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MICROCAPITAL BRIEF: Lok Capital, Creation Investments Invest Total of $13m in Indian Microfinance Institution Equitas Holdings

Two institutional investors, Lok Capital LLC (Lok Capital), a Mauritius-based investment vehicle, and Creation Investments Capital Management Limited Liability Corporation (LLC) (Creation Investments), a US-based alternative investment management company, reportedly have invested a cumulative sum of INR 800 million (USD 13.7 million) in Equitas Holdings Private Limited (Equitas), a Chennai-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: Amret Receives $10m Loan from Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW) for Micro-, Small, Medium-Sized Enterprises (MSMEs) in Cambodia

Amret Microfinance, a Cambodian microfinance institution (MFI), reportedly has borrowed USD 10 million from German development bank Kreditanstalt für Wiederaufbau (KfW) for the purpose of expanding Amret’s financing for small businesses in Cambodia. Continue reading

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MICROCAPITAL BRIEF: Acumen Fund, Adolf H Lundin Charitable Foundation Invest $1.5m in Farmer Information Service Esoko Networks of Ghana to Expand into East Africa

The Acumen Fund, a New York-based nonprofit venture fund, and the Adolf H Lundin Charitable Foundation, a Liechtenstein-based nonprofit organization, have invested an aggregate sum of USD 1.5 million in an unspecified combination of equity and debt in Esoko Networks Limited (Esoko) of Ghana, a technology platform that aims to strengthen the connection between farmers and markets in Africa with the use of mobile phones. Continue reading

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MICROCAPITAL BRIEF: Partner Microcredit Foundation of Bosnia and Herzegovina Borrows $4m from European Fund for Southeast Europe (EFSE) for Lending to Micro, Small Enterprises (MSEs)

Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 3 million (USD 4.1 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment vehicle organization promoting economic development. Continue reading

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MICROCAPITAL BRIEF: Partner Microcredit Foundation (PMCF) of Bosnia and Herzegovina Borrows $5.5m from Green for Growth Fund (GGF) for Energy Efficiency Financing

Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 4 million (USD 5.48 million) under a senior credit agreement from Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based organization focusing on the use of renewable energy sources and enhancing energy efficiency. Continue reading

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MICROCAPITAL BRIEF: Skoll Foundation Awards Microfinance Institution Fundación Capital of Colombia, 6 Others $1.25m Each for Social Entrepreneurship

The Skoll Foundation, an organization that seeks to promote sustainability, peace and prosperity in the developing world by investing in social enterprises, recently honored seven organizations with the Skoll Award for Social Entrepreneurship, which is given to social enterprises to fund business initiatives deemed innovative. Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation Anticipating $1m in Donations to Last Mile Initiative for Latin America

The Grameen Foundation, a US-based nonprofit organization, recently announced that it is anticipating donations to its Last Mile Initiative totaling USD 1 million after receiving a USD 500,000 donation from David and Susan Russell, which must be matched with an equal amount of funds from other sources. Continue reading

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MICROCAPITAL BRIEF: State Bank of India Names Reliance Money Infrastructure a Business Correspondent

The State Bank of India (SBI), an Indian state-owned financial services company, reportedly has finalized an agreement with Mumbai-based Reliance Money Infrastructure Limited (RMIL), a service provider to banks, under which RMIL will take on some of SBI’s transactions as a business correspondent[1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation, Microfinance Center of Poland Hire Cultural Consultant in Financial Literacy in Azerbaijan

The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced a partnership with the Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, a 110-member network based in Poland, to attempt to improve financial literacy in Azerbaijan. Continue reading

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MICROCAPITAL BRIEF: Gulf African Bank of Kenya to Receive Advisory Services Under International Finance Corporation’s Africa Micro, Small, and Medium Enterprise Finance Program

The International Finance Corporation, the private-investment arm of the US-based World Bank Group, has announced that the Gulf African Bank (GAB), which offers Shariah-compliant products and services in Kenya, has become a member of its Africa Micro, Small, and Medium Enterprise Finance Program. Continue reading

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