Category: Deals

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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MICROCAPITAL BRIEF: IFC Partners With Government of Belarus on Business Environment for Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it will partner with the Ministry of the Economy of Belarus “to improve the business environment through measures that will support the growth of small, medium-sized enterprises (SMEs)”[1].

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MICROCAPITAL BRIEF: Indian Microfinance Institution (MFI) Janalakshmi Raises $23.5m through Non-Convertible Debentures, Borrows $4.2m from IFMR Capital

Janalakshmi Financial Services, a Bangalore-based microfinance institution (MFI) that offers lending and insurance services to low-income households in India, recently announced that it had raised a total of INR 1.77 billion (approximately USD 27.7 million) through the issuance of non-convertible debentures (NCDs) and an unsecured term loan.

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MICROCAPITAL BRIEF: India’s Micro Units Development and Refinance Agency (MUDRA) Bank Loans $9.3m to Microfinance Institutions (MFIs) Arohan,  Belstar, Equitas, Margdarshak, Sonata

The Micro Units Development and Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans to microfinance institutions (MFIs) and non-banking financial institutions, recently announced that it had disbursed loans totalling INR 620 million (approximately USD 9.3 million) to MFIs in India.

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Written by Comments Off on MICROCAPITAL BRIEF: India’s Micro Units Development and Refinance Agency (MUDRA) Bank Loans $9.3m to Microfinance Institutions (MFIs) Arohan,  Belstar, Equitas, Margdarshak, Sonata Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: India’s Ujjivan Financial Services Raises $7.85m from Mutual Funds for On-Lending To Micro-, Small, Medium-Sized Enterprises (MSMEs)

 Ujjivan Financial Services Private Limited, a microfinance institution (MFI) based in Bangalore, India, recently announced that it has raised INR 500 million (approximately USD 7.85 million) from United Trust of India (UTI), a mutual fund company based in Mumbai, India, through the issuance of secured, non-convertible debentures (NCDs).

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MICROCAPITAL BRIEF: Thailand’s Kiatnakin Bank, Siam Commercial Bank; India’s Tamilnad Mercantile Bank; ING Bank of the Netherlands Participate in $65m Syndicated Loan to Microfinance Institution (MFI) Prasac to Encourage Growth of Micro-, Small, Medium-sized Enterprises (MSMEs) in Rural Cambodia

Commercial banks including Thailand’s Kiatnakin Bank and Siam Commercial Bank (SCB); India’s Tamilnad Mercantile Bank (TMB); and the Netherlands’ ING Bank, recently announced the disbursement of a syndicated loan of USD 65 million to Cambodian microfinance institution (MFI) Prasac Microfinance Limited.

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Written by Comments Off on MICROCAPITAL BRIEF: Thailand’s Kiatnakin Bank, Siam Commercial Bank; India’s Tamilnad Mercantile Bank; ING Bank of the Netherlands Participate in $65m Syndicated Loan to Microfinance Institution (MFI) Prasac to Encourage Growth of Micro-, Small, Medium-sized Enterprises (MSMEs) in Rural Cambodia Posted in Deals, Eastern Europe and Central Asia, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $170k in Local Currency to Togo’s COOPEC SIFA

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 the initial tranche of a loan equivalent to approximately USD 170,000 in local currency to Coopérative d’Epargne et de Crédit des Soutien aux Initiatives de Femmes pour l’Autopromotion (COOPEC SIFA), an MFI in Togo that focuses on serving poor women. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $170k in Local Currency to Togo’s COOPEC SIFA Posted in Africa, Deals, Investment Funds

MICROCAPITAL BRIEF: India’s Micro Units Development and Refinance Agency (MUDRA) Bank Loans $5.5m to Microfinance Institution (MFI) Satin Creditcare

The Micro Units Development and Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans to microfinance institutions (MFIs) and non-banking financial institutions, recently announced that it has disbursed a loan of INR 350 million (approximately USD 5.5 million) to Satin Creditcare Network Limited, a for profit MFI based in Delhi, India. Continue reading

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MICROCAPITAL BRIEF: Sanad, Attijari Leasing Partner to Increase Financing for Small, Medium-sized Enterprises (SMEs) in Tunisia

The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Attijari Leasing, a Tunisia-based subsidiary of Attijari Bank that provides leasing services, signed a senior loan agreement for USD 5 million to support micro-, small- and medium-sized enterprises (MSMEs) in Tunisia. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Sanad, Attijari Leasing Partner to Increase Financing for Small, Medium-sized Enterprises (SMEs) in Tunisia Posted in Africa, Deals, Middle East