Category: Deals

MICROCAPITAL BRIEF: International Labor Organization’s (ILO’s) Impact Insurance Facility, Africa Reinsurance Corporation (Africa Re) Partner to Promote African Microinsurance

The Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations, and Africa Reinsurance Corporation (Africa Re), a Nigeria-based corporation that assists reinsurance institutions and invests in the African insurance sector, have agreed to partner to promote inclusive microinsurance markets for the financially excluded population in Africa[1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Labor Organization’s (ILO’s) Impact Insurance Facility, Africa Reinsurance Corporation (Africa Re) Partner to Promote African Microinsurance Posted in Africa, Deals, Microinsurance

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $3m to Microfinance Organization Crystal of Georgia for On-Lending to Smallholder Agricultural Producers; Rural Microenterprises

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a loan of USD 3 million to Joint Stock Company Microfinance Organization Crystal, a microfinance institution based in Kutaisi, Georgia. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $3m to Microfinance Organization Crystal of Georgia for On-Lending to Smallholder Agricultural Producers; Rural Microenterprises Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: Italy’s Banca Etica, Cassa Padana, Federcasse Partner with Palestinian Government, Offer Microcredit in West Bank

Banca Etica, an Italian cooperative bank; Cassa Padana, an Italian cooperative lender; and Federcasse, a network of cooperative credit banks in Italy, have partnered with the Palestinian Monetary Authority (PMA), a public institution that regulates the banking industry in the Palestinian territories, and the Palestinian National Authority’s Finance Ministry to launch a three-year microcredit program in the West Bank. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Italy’s Banca Etica, Cassa Padana, Federcasse Partner with Palestinian Government, Offer Microcredit in West Bank Posted in Deals, Middle East

MICROCAPITAL BRIEF: Banque Internationale Pour L’Afrique Au Congo (BIAC) Launches Heyano MasterCard Prepaid Card in Democratic Republic of Congo (DRC) to Promote Financial Inclusion, Transition to Formal Economy

Banque Internationale Pour L’Afrique Au Congo (BIAC), a commercial bank in the Democratic Republic of the Congo (DRC), and MasterCard, a US-based payments and technology company, recently launched a prepaid card called Heyano [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Banque Internationale Pour L’Afrique Au Congo (BIAC) Launches Heyano MasterCard Prepaid Card in Democratic Republic of Congo (DRC) to Promote Financial Inclusion, Transition to Formal Economy Posted in Africa, Deals, Mobile Money, Technology

MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $13m to Microfinance Institutions (MFIs) in Ecuador, India, Kenya, Mauritius, Nicaragua, Romania

During November 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 13 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Ecuador, India, Kenya, Mauritius, Nicaragua and Romania. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Banco de Ahorro y Crédito ADOPEM for On-lending to Microentrepreneurs in Dominican Republic

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 loan DOP 450 million (approximately USD 10 million) to Banco de Ahorro y Crédito ADOPEM, a microfinance institution (MFI) in the Dominican Republic that was formerly known as Asociación Dominicana para el Desarrollo de la Mujer. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Banco de Ahorro y Crédito ADOPEM for On-lending to Microentrepreneurs in Dominican Republic Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Raises Equity Stake in Alliance for Microfinance in Myanmar (AMFIM) from 33% to 49%

Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small microfinance institutions (MFIs) in Asia, recently purchased an additional equity stake of 16-percent in Alliance for Microfinance in Myanmar (AMFIM), a deposit-taking microfinance institution (MFI) that was launched in Myanmar in 2014. Continue reading

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MICROCAPITAL BRIEF: Oesterreichische Entwicklungsbank (OeEB) Invests $11m in Sanad Fund for MSME for Lending to Micro-, Small, Medium-sized Enterprises (MSMEs) in Middle East, North Africa

Oesterreichische Entwicklungsbank (OeEB), the development bank of Austria, has invested EUR 10 million (USD 10.7 million) in 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. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Oesterreichische Entwicklungsbank (OeEB) Invests $11m in Sanad Fund for MSME for Lending to Micro-, Small, Medium-sized Enterprises (MSMEs) in Middle East, North Africa Posted in Deals, Middle East

MICROCAPITAL BRIEF: ACTIAM-FMO SME Finance Fund Closes at $162m with New Investment from Pensioenfonds Vervoer; Increased Investments from Spoorwegpensioenfonds, Stichting Pensioenfonds Openbaar Vervoer

The ACTIAM-FMO SME Finance Fund, which is managed by Actiam, a Netherlands-based asset manager, and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently closed at approximately EUR 150 million (USD 162 million). Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $9m to Kyrgyzstan’s Kompanion; $5.4m to Morocco’s Albaraka to Finance Micro-, Small, Medium-Sized Enterprises (MSMEs)

The UK-based European Bank for Reconstruction and Development (EBRD) has lent the local-currency equivalent of USD 9 million to Kompanion Financial Group, a microfinance institution (MFI) based in Kyrgyzstan, and EUR 5 million (USD 5.4 million) to Albaraka, the first Moroccan MFI to partner with EBRD [1] [2]. Continue reading

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MICROCAPITAL BRIEF: Equity Group Acquires ProCredit Bank Congo to Expand to Democratic Republic of the Congo

After receiving approval from regulators in Kenya and Democratic Republic of the Congo (DRC), Equity Group, a Kenya-based commercial bank, recently acquired 79 percent of the shares of ProCredit Bank Congo, which is located in DRC and focuses on serving small and medium-sized enterprises. The price of the acquisition has not been disclosed. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Equity Group Acquires ProCredit Bank Congo to Expand to Democratic Republic of the Congo Posted in Africa, Deals

MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Buys 20% Equity Stake in Microfinance Deposit Organization Matin of Tajikistan

For an undisclosed price, Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small, Asian microfinance institutions (MFIs), recently purchased a 20-percent stake in Matin, a Tajikistan-based microfinance deposit organization (MDO). Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Lends $9.8m to Kenya’s Faulu Microfinance Bank to Finance Micro-, Small, Medium-Sized Enterprises (MSMEs)

The European Investment Bank (EIB), the long-term lending institution of the European Union (EU), recently lent Faulu Microfinance Bank (Faulu MFB), a Kenya-based microfinance institution (MFI), KES 1 billion (USD 9.79 million) under EIB’s East African Community Microfinance Facility [1]. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $9.2m to Microfinance Institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua, Peru

During October 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 9.2 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua and Peru. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $9.2m to Microfinance Institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua, Peru Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $261m through European Programme for Employment and Social Innovation (EaSI), Supporting 20,000 Microenterprises via Romania’s Nextebank, 5 Western European Microfinance Institutions (MFIs)

The European Commission, the European Union’s executive body; the European Investment Fund (EIF), an EU-affiliated provider of finance to organizations that lend to small and medium-sized enterprises (SMEs); and six European microfinance institutions (MFIs) recently signed guarantee agreements under the European Programme for Employment and Social Innovation (EaSI), an initiative that supports “the modernisation of employment and social policies,”[3] job mobility, microfinance, microenterprises and social inclusion in the European Union. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $261m through European Programme for Employment and Social Innovation (EaSI), Supporting 20,000 Microenterprises via Romania’s Nextebank, 5 Western European Microfinance Institutions (MFIs) Posted in Deals, Key Players

MICROCAPITAL BRIEF: Asian Development Bank, Small Farmers Development Bank, Nepalese Government Commit $18m for Reconstruction after Earthquakes in Nepal, Including $7m for Microfinance

The Asian Development Bank (ADB), a multilateral development finance institution based in the Philippines; the Small Farmers Development Bank, a wholesale provider of credit to agricultural cooperatives and microfinance institutions (MFIs) in Nepal; and the Nepalese government reportedly approved a financial assistance package of USD 17.8 million for reconstruction, relief and preparedness for future disasters in Nepal following the earthquakes that hit the country in April and May 2015. Continue reading

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MICROCAPITAL BRIEF: IFC Syndicates $135m Loan to Agribusiness Company Vicentin of Argentina

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will syndicate a loan of USD 135 million to Vicentin, an Argentinian agribusiness company, to support its export business. Continue reading

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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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