The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, is considering
Intesa Sanpaolo Bank Albania, a subsidiary of Italy-based Intesa Sanpaolo, recently partnered with the Albania Agribusiness Support Facility (AASF), a funding vehicle established by
ResponsAbility Investments, a Swiss for-profit investor in developing countries, recently informed MicroCapital that it has disbursed a five-year loan of
Event Name: Seventh Global Islamic Microfinance Forum: “Evidence of Impact – Financial Inclusion”
Event Dates: Conference: November 24 – November 25, 2017; Post-conference workshop: November 27 – November 28, 2017
Event Location: Istanbul Lütfi K?rdar International Convention and Exhibition Center; Istanbul, Turkey
Summary of Event: The primary objective of this event is to “create awareness of Islamic microfinance for the benefit of humankind.” Islamic microfinance consists of services conducted according to Shariah law, which includes a prohibition on charging interest in favor of concepts such as the sharing of profit and loss. The event will feature approximately 40 speakers from 30 countries covering topics including: the potential of Islamic microfinance; funding challenges faced by Islamic microfinance institutions (MFIs); the “Qarz-e-Hasan” model of Islamic microfinance; and “Micro Takaful, Waqf and Zakat – Supportive elements for Islamic microfinance.” AlHuda will also host a two day post-conference workshop called “Islamic Agriculture and Rural Finance.”
Event Name: Alternative Finance Forum
Event Location: Copernicus Conference Centre; Warsaw, Poland
Summary of Event: This forum aims to “introduce new forms of financial services” while covering topics including equity-based crowdfunding, social impact bonds, online lenders to small businesses and peer-to-peer lending platforms. The event has support from the European Union and its European Investment Bank Institute.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it has provided a loan
During July and August, Italy’s MicroFinanza Rating (MFR) issued five microfinance institutional ratings. Morocco’s Attadamoune Micro-Finance was assigned the grade B+ with a stable outlook. Ecuador’s Fundación Espoir and Albania’s FED Invest both earned grades of BB with stable outlooks. Two institutions earned grades of
Two entities in Pakistan that are controlled by Norwegian conglomerate Telenor recently partnered with two entities of the government of the Pakistani province of Punjab to create the “Connected Agriculture Platform Punjab” (CAPP).
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is expanding its “Women in Business” programme to Tajikistan with an investment of USD 10 million.
The European Bank for Reconstruction and Development (EBRD), a UK-based organization that invests in support of market-oriented economic policies, recently lent the local-currency equivalent of USD 2 million to Imon International, an institution that offers microcredit and deposit services with the aim of improving its clients’ standards of living as well as promoting economic development in Tajikistan.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is extending its partnership with QNB Finansbank, a commercial bank in Turkey, with a five-year loan of USD 55 million under EBRD’s “Women in Business” programme.
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently announced it will loan USD 12.5 million and provide advisory services to Georgia-based joint-stock company (JSC) Terabank.
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services primarily to microfinance institutions, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 3.9 million to KazMicroFinance LLC (KMF) of Kazakhstan, the equivalent of USD 550,000 to Bereke of Kazakhstan, and the equivalent of USD 660,000 to Vasham of Indonesia.
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan RSD 615 million (USD 6 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, “to support small businesses, especially in rural areas.”
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan EUR 2 million (USD 2.3 million) to Microcredit Foundation Mi-Bospo, a non profit microfinance institution in Bosnia and Herzegovina.
The European Investment Fund (EIF), a member of the EU-backed European Investment Bank Group, and Crnogorska Komercijalna Banka AD (CKB), a member of Hungary’s OTP Group, recently partnered to provide financing to “up to 700 Montenegrin micro-borrowers.”
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will loan USD 4 million to Express Leasing and Microcredit, a non-bank financial institution in Moldova that has been owned by US-based private equity firm NCH Capital Group since 2009.
The United Nations Development Program (UNDP) recently launched the third phase of a program aimed at empowering youth and women entrepreneurs in Uzbekistan.