Category: Deals

MICROCAPITAL BRIEF: India’s Sohan Lal Commodity Management Raises $15m from Creation, Everstone for its Agricultural Lender, Kissandhan

Creation Investments Capital Management, which is based in the US city of Chicago, Illinois, recently informed MicroCapital that it and Everstone Capital, an investor with offices in India, Mauritius and Singapore, have invested a total of USD 15 million in equity in Indian agricultural logistics firm Sohan Lal Commodity Management. Continue reading

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MICROCAPITAL BRIEF: Base of the Pyramid Asia (BOPA) of Singapore Invests $1m in Convertible Debt into Cambodian Microfinance Institution (MFI) Chamroeun

Base of the Pyramid Asia (BOPA), a Singapore-based equity investor in small Asian microfinance institutions (MFIs), recently reported to MicroCapital that it has disbursed USD 1 million in subordinated, convertible debt to Cambodian MFI Chamroeun Microfinance Limited. Continue reading

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MICROCAPITAL BRIEF: Asian Credit Fund of Kazakhstan Raises Equity from Employee-Owned Karavella, Base of the Pyramid Asia (BOPA)

Asian Credit Fund (ACF), a microfinance institution (MFI) based in Kazakhstan, recently informed MicroCapital that it has raised an undisclosed amount of cash through a second round of equity financing. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $30m to Georgia’s Bank Republic for On-lending to Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it will provide a loan of USD 30 million to Bank Republic, which serves retail and corporate customers in Georgia as a subsidiary of the French financial services provider Société Générale. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $437k in Local Currency to Microfinance Institution (MFI) GRAINE of Burkina Faso

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has disbursed a local currency, two and a half-year loan equivalent to EUR 385,000 (USD 437,000) to Groupe d’Accompagnement a l’Investissement et a l’Epargne (GRAINE), an MFI in Burkina Faso. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $437k in Local Currency to Microfinance Institution (MFI) GRAINE of Burkina Faso Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $7m to Microfinance Institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan, Uzbekistan

During September 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan and Uzbekistan. Continue reading

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MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations Posted in Deals, Latin America

MICROCAPITAL BRIEF: Safaricom Foundation; Junior Achievement Kenya; Hand in Hand Eastern Africa (HiHEA) Launch $133k Fund for Youth-Owned Microenterprises

Safaricom Foundation, a charity funded by the Kenya-based telecommunications company Safaricom Limited, recently launched a “revolving fund”[1] that is intended to assist youth-owned businesses in Kenya. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Safaricom Foundation; Junior Achievement Kenya; Hand in Hand Eastern Africa (HiHEA) Launch $133k Fund for Youth-Owned Microenterprises Posted in Africa, Deals, Youth

MICROCAPITAL BRIEF: Japan’s Orix Corporation Acquires Additional 6% Equity in Cambodia’s Acleda Bank

Orix Corporation, a financial services provider based in Tokyo, Japan, recently announced that it has acquired a 6.25-percent equity stake in Acleda Bank, a commercial bank headquartered in Phnom Penh, Cambodia, that provides deposits and microcredit in Cambodia, Laos and Myanmar.

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $13m to Krygyzstan’s Optima Bank for On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquarted in London, England, recently announced that it will loan the local-currency equivalent of USD 13 million to Optima Bank, a commercial bank headquartered in Bishkek, Kyrgyzstan.

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MICROCAPITAL BRIEF: IFC to Advise Government of Myanmar on Regulation; Small, Medium-sized Enterprises (SMEs); Financial Inclusion; Microfinance

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently signed a memorandum of understanding (MOU) with the Ministry of Commerce of Myanmar. Continue reading

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MICROCAPITAL BRIEF: UN’s Food and Agriculture Organization (FAO), MasterCard Partner to Build Inclusive Payment Systems in Low-Income Economies

The Food and Agriculture Organization (FAO), a United Nations (UN) organization that engages in “sustainable management”[1] of natural resources and works toward the eradication of hunger, and MasterCard, a US-based payments and technology company, recently formed a partnership to create “inclusive payment systems”[2] to support small-scale farmers and low-income households in developing countries. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: UN’s Food and Agriculture Organization (FAO), MasterCard Partner to Build Inclusive Payment Systems in Low-Income Economies Posted in Africa, Deals

MICROCAPITAL BRIEF: Deutsche Bank Raises $100m for Microfinance Investment Vehicle European Fund for Southeast Europe (EFSE)

Deutsche Bank, a Germany-based financial services company, recently announced that it had raised USD 100 million from unspecified private investors for the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV). Continue reading

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MICROCAPITAL BRIEF: Thailand’s JMT Network Services Establishes JP Finance Co Ltd to Offer Microfinance in Myanmar

JMT Network Services Public Company Limited, a debt collector and loan provider in Thailand under Jay Mart Public Company Limited, recently announced that the organization and unnamed partners aim to establish a joint venture, JP Finance Co Ltd. Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) to Finance a Loan Program of $400m to Promote Financial Inclusion in Indonesia

The Asian Development Bank (ADB), a Philippines-based multilateral development finance institution, has committed to loaning USD 400 million toward its Financial Market Development and Inclusion Program (FMDIP) for Indonesia. Continue reading

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MICROCAPITAL BRIEF: Microfinance Institutions Network (MFIN) of India Advises Members to Reduce Interest Rates

The Microfinance Institutions Network (MFIN), a trade organization composed of 47 Indian microlenders, has advised its members to reduce their interest rates voluntarily by “at least 25 basis points” [1] by the end of September 2015. Continue reading

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MICROCAPITAL BRIEF: Starbucks to Commit Additional $30m to Global Farmer Fund Program; Fairtrade Access Fund, Root Capital to Assist with Loans to Coffee Farmers

Starbucks Coffee Company, a US-based coffee retailer, recently announced that it would commit an additional USD 30 million to its Global Farmer Fund program, one of the organization’s “ethical sourcing initiatives”[1] that aims to ensure the sustainability of the organization’s production chain up to 2020. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) May Loan $70m to NBK-Egypt for On-lending to Small, Medium-sized Enterprises (SMEs) in Egypt

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, England, is considering extending a credit line of USD 70 million to the National Bank of Kuwait-Egypt (NBK-Egypt), a commercial bank based in Cairo, Egypt. Continue reading

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