Category: Deals

MICROCAPITAL BRIEF: Advans SA Purchases 8.4% of Shares of Cambodian MFI Amret, Becomes Majority Shareholder; FMO Increases Stake to 19.9%

Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 19.9% Equity Stake in Cambodian Microfinance Institution Amret for $15m

The International Finance Corporation (IFC), member of the World Bank Group, recently acquired a 19.9-percent share of Amret, a microfinance institution in Cambodia, at a price of USD 15 million [1]. Continue reading

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MICROCAPITAL BRIEF: Triodos Sustainable Trade Fund Loans $800k to Organic Sesame Exporter Bioexport of Paraguay

The Triodos Sustainable Trade Fund, an investment vehicle managed by a unit of the Netherlands-based Triodos Bank, recently announced that it has invested in Bioexport, a Paraguayan firm that purchases sesame and other crops directly from farmers and cooperatives for export. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Triodos Sustainable Trade Fund Loans $800k to Organic Sesame Exporter Bioexport of Paraguay Posted in Deals, Latin America

MICROCAPITAL BRIEF: Nigeria’s Grooming Centre to Issue Microloans on MasterCard Pre-Paid Cards

The Grooming Centre, a nonprofit provider of loans and deposit services to women in Nigeria for micro-, small and medium-sized enterprises (MSMEs), has partnered with MasterCard, a US-based payments company, to replace the NGO’s cash- and check-based loan disbursals with prepaid MasterCard-branded payment cards. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Nigeria’s Grooming Centre to Issue Microloans on MasterCard Pre-Paid Cards Posted in Africa, Deals, Technology

MICROCAPITAL BRIEF: IFC Invests $16.5m in Tajikistan’s Imon International to Support Micro-, Small, Medium-sized Enterprises

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently mobilized a loan equivalent to USD 16.5 million to benefit Imon International, a microfinance institution (MFI) based in Tajikistan. Continue reading

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MICROCAPITAL BRIEF: Microfinance Software Provider Mambu Links with NCC Group to Offer 90 Days of Business Continuity in Case of Catastrophic Failure of its Software-as-a-Service

Mambu, a Germany-based provider of off-site management information systems to microfinance institutions (MFIs), recently engaged the NCC Group, a US-based provider of security services relating to technology and intellectual property, to provide redundancy to Mambu customers in case of a failure of its software-as-a-service “cloud” systems. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Software Provider Mambu Links with NCC Group to Offer 90 Days of Business Continuity in Case of Catastrophic Failure of its Software-as-a-Service Posted in Deals, Technology

MICROCAPITAL BRIEF: Bank al Etihad Borrowing $20m from European Bank for Reconstruction and Development (EBRD) for Micro, Small, Medium-Sized Enterprises (MSMEs) in Jordan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has agreed to open a credit line of USD 20 million for Bank al Etihad, a Jordanian provider of financial services to both large and small organizations, for on-lending to micro-, small and medium-sized enterprises (MSMEs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bank al Etihad Borrowing $20m from European Bank for Reconstruction and Development (EBRD) for Micro, Small, Medium-Sized Enterprises (MSMEs) in Jordan Posted in Deals, Key Players, Middle East

MICROCAPITAL BRIEF: C-Quadrat Asset Management, Formerly Absolute Portfolio Management, Loans $2.5m for Microfinance in Benin, Cambodia, Georgia

During February 2015, Austria’s Absolute Portfolio Management disbursed loans totaling USD 2.5 million to unspecified microfinance institutions in Benin, Cambodia and Georgia. Continue reading

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MICROCAPITAL BRIEF: Indian Government to Allocate $319m to Create Micro Units Development and Refinance Agency Bank (MUDRA) to Prioritize Microfinance Lending to Members of Scheduled Castes, Tribes

The Indian Government has announced plans to allocate INR 200 billion (USD 319 million) for a new bank to be known as The Micro Units Development and Refinance Agency Bank (MUDRA). Continue reading

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MICROCAPITAL BRIEF: Bajaj Group, CDC, CX, Newquest Place $96m in India’s Ujjivan as Elevar, Lok, Sequoia, Wolfenson, Others Exit

Ujjivan, a microfinance lender primarily serving women in urban areas recently raised the equivalent of USD 48 million in a set of transactions that reportedly comprise the largest microfinance deal in India’s history. Continue reading

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MICROCAPITAL BRIEF: WestBridge, Sequoia, Nexus Place $30m in Equity in India Shelter Finance

WestBridge Capital, an investment company with offices in India, Mauritius and the US, is making its first investment in the India Shelter Finance Corporation, which was formerly known as Satyaprakash Housing Finance India Limited. Continue reading

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MICROCAPITAL BRIEF: Wells Fargo, Overseas Private Investment Corporation (OPIC) Plan $220m Loan to India’s Yes Bank for Micro-, Small, Medium-Sized Enterprises (MSMEs)

US-based Wells Fargo Bank and the US government’s Overseas Private Investment Corporation (OPIC) have agreed to “explore” extending up to USD 220 million in credit to Yes Bank, and Indian commercial bank, for on-lending to micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe Loans $23m to Burgan Bank of Turkey for Rural MSMEs

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investor in the development of local financial sectors in Southeast Europe and parts of Central Asia, recently informed MicroCapital that it has loaned EUR 20 million (USD 23 million) to Burgan Bank Turkey, a retail bank that is part of Kuwait’s Burgan Bank Group. The funds are to be on-lent on a “long-term” basis to micro-, small and medium-sized enterprises in rural areas of the country. Continue reading

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MICROCAPITAL BRIEF: Amret Microfinance, Econet Wireless, myAgro, Urwego Opportunity Bank to Engage Human-Centered Design Firms to Improve Digital Financial Services for Smallholder Farmers in Cambodia, Africa

CGAP (The Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access, recently selected the following financial service providers to receive an unspecified level of support from human-centered design firms to improve their digital financial services for small-scale farmers: (1) Amret Microfinance, a Cambodian microfinance institution; (2) the Zimbabwean arm of South African mobile network operator Econet Wireless and US-based relief and development nonprofit Mercy Corps; (3) myAgro, a nonprofit organization in Mali that sells agricultural inputs via mobile technology; and (4) Urwego Opportunity Bank (UOB), a microfinance institution that was created as a result of a merger between Urwego Community Banking and Opportunity International Bank of Rwanda [1]. While the Econet-Mercy partnership will engage human-centered design firm Ideo.org, the other three programs have not yet released the names of the organizations with which they will work.  Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $5m to Enda Inter-Arabe to Serve More Low-income Microentrepreneurs in Tunisia

The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Germany-based provider of “medium- and long-term” and equity financing in the Middle East and North Africa, recently agreed to loan the equivalent of USD 5 million in local currency to Enda Inter-Arabe, to help it expand its lending into additional underserved areas of Tunisia.

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MICROCAPITAL BRIEF: European Fund for Southeast Europe Loans $23m to AccessBank of Azerbaijan for Rural MSMEs

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investor in the development of local financial sectors in Southeast Europe and parts of Central Asia, recently informed MicroCapital that it has loaned EUR 20 million (USD 23 million) to AccessBank, an organization founded in 2002 to provide credit and other financial services to Azerbaijan’s smaller businesses and low-income families. The funds are to be on-lent to micro-, small and medium-sized enterprises in rural areas of the country. Continue reading

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MICROCAPITAL BRIEF: Triodos Fair Share, Triodos Microfinance Funds to Invest Debt, Equity in India’s Janalakshmi, Kazakhstan’s KazMicroFinance, Kyrgyzstan’s Kompanion

Two microfinance investment vehicles managed by a unit of the Netherlands’ Triodos Bank, the Triodos Fair Share Fund (TFSF), and the Triodos Microfinance Fund (TMF), have agreed to invest jointly in the following organizations: (1) Janalakshmi Financial Services (JFS), a Bangalore-based microfinance institution (MFI) that will borrow USD 11.4 million to expand its financing of small and medium-sized enterprises (SME) in India; (2) KazMicroFinance (KMF), which is reportedly the largest MFI in Kazakhstan and will sell the Triodos funds stakes totaling 13.7 percent of the organization’s shares; and (3) Kompanion Financial Group, an MFI in Kyrgyzstan that will sell the funds stakes totaling 17.5 percent of the organization’s shares as it seeks to transform from a community development financial institution into a microfinance bank [1] [2] [3]. Kompanion also sold a 17.5-percent stake to Dutch public-private development bank FMO; Mercy Corps, the founder of Kompanion, is retaining 65-percent ownership of the institution. The prices paid for the equity stakes in KMF and Kompanion have not been released. Continue reading

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MICROCAPITAL BRIEF: AccessHolding Enters Latin America Acquiring 93% Equity Stake in Accion Microfinancas of Brazil

Access Microfinance Holding AG (AccessHolding), a German company that invests in microfinance institutions (MFIs), recently announced that it has acquired 93 percent of the equity in Accion Microfinancas SCMEPP SA, a Brazilian MFI that operates as a subsidiary of US-based nonprofit Accion. Continue reading

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