The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, recently announced an equity investment USD 4 million in the newly-established Angel Ventures Pacific Alliance Fund (AVPAF), a Mexico-based venture capital fund targeting “start-up” and “scale-up” businesses in Chile, Colombia, Mexico and Peru.
Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania.
Maj Invest Group, a Denmark-based asset management and private equity firm, recently announced plans to grow its Maj Invest Financial Inclusion Fund II by USD 25 million to invest in Bolivia, Colombia, Ecuador and Peru.
Nandan Nilekani, Co-founder of Infosys Limited; Ratan Tata, Chairman Emeritus of Tata Sons; Vijay Kelkar, Chairman of India’s National Institute of Public Finance and Policy; and R. Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust, recently announced the launch of Avanti Finance, “a technology enabled financial inclusion vehicle.”
The National Microfinance Bank (NMB), a microfinance institution (MFI) 51-percent owned by the government of Tanzania, recently announced the launch of two new programs: AgriBiashara, to support agricultural value chains, and Wajibu, a set of youth savings accounts formed through a partnership with Women’s World Banking, a US-based nonprofit that aims to increase access to financial services for low-income women.
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, recently announced it will loan the euro-equivalent of USD 4.5 million to
The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment fund focused on fostering economic growth in 16 Central Asian and Southeast European countries, recently issued a senior loan in the amount of EUR 1.5 million (USD 1.7 million) to Kreditimi Rural I Kosoves (KRK), a Kosovo-based microfinance institution (MFI) that specializes in “agri-lending” to micro- and small enterprises (MSEs).
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced a senior loan of EUR 2 million (USD 2.3 million) to Agjencioni për Financim në Kosovë (AFK), a non-banking microfinance institution operating in Kosovo.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently agreed to provide loan funds of up to TJS 15.7 million (USD 2 million) to Arvand, a Tajikistan-based microfinance institution (MFI), for on-lending to local micro- and small enterprises (MSEs).
The Asian Development Bank (ADB), a 67-member development finance institution headquartered in the Philippines, recently issued a credit facility of USD 50 million to CFPA Microfinance Management Company Limited, an investment vehicle of the NGO China Foundation for Poverty Alleviation (CFPA), to support rural microfinance in the People’s Republic of China (PRC).
“Finance for Smallholders: Opportunities for Risk Management by Linking Financial Institutions and Producer Organisations;” by J de la Rive Box et al; published by the Food & Business Knowledge Platform, Agri Pro Focus and the Platform for Inclusive Finance NPM; May 2016; 22 pages; available at: http://www.inclusivefinanceplatform.nl/documents/npm%20summary%20report%20finance%20for%20smallholders.pdf
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay.
The Green for Growth Fund (GGF), a Luxembourg-based investment vehicle that supports energy-efficiency (EE) initiatives in Southeast Europe, recently announced that it will invest EUR 2 million (USD 2.2 million) in debt in Alter Modus, a Montenegro-based microfinance institution (MFI).
Fusion Microfinance Private Limited, an Indian non-banking financial company, has raised
The International Finance Corporation, the private-investment arm of the World Bank Group, recently issued its “Taino II” bond in the amount of DOP 180 million (USD 4 million), the proceeds of which will go to Banco de Ahorro y Crédito ADOPEM SA, a microfinance institution formerly known as Asociación Dominicana para el Desarrollo de la Mujer that is a member of the Spain-based Fundación BBVA Microfinanzas.
During July 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 34 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ecuador, India, Nicaragua, Paraguay and Sri Lanka.
The Sanad Fund for MSME (Micro Small and Medium Enterprises), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced a partnership with Albaraka, a Moroccan microfinance institution (MFI),
The National Microfinance Bank (NMB), an institution backed by the government of Tanzania, recently announced that it has listed TZS 41.4 billion (USD 18.8 million) in three-year retail bonds on the Dar es Salaam Stock Exchange (DSE), the listing surpassed its initial retail bond target by 107 percent.