Category: Eastern Europe and Central Asia

MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 12th Annual Conference “Microfinance and Banks: Are We the Right Partners?;” June 18-19, 2015; Dublin, Ireland

Event Name: 12th Annual EMN Conference “Microfinance and Banks: Are We the Right Partners?”

Event Date: June 18-19, 2015

Event Location: The Grand Hotel Malahide, Dublin, Ireland

Summary of Event: This conference will bring together microfinance practitioners from both European and developing countries to share, evaluate and challenge best practices in the microfinance industry. The discussion will center around the potential of cooperation among traditional financial service providers and microfinance practitioners in order to further the goal of promoting greater financial inclusion. Continue reading

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MICROCAPITAL BRIEF: FMO, Triodos Loan $35m to Khan Bank of Mongolia for On-Lending to Small, Medium-sized Enterprises (SMEs)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, and Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, have announced plans to invest a total of USD 35 million in Khan Bank, a commercial bank based in Mongolia, for on-lending to small and medium-sized enterprises (SMEs) in that country.  Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), International Finance Corporation (IFC) Loan $97m to Alternatifbank of Turkey for On-Lending to Micro, Small Enterprises (MSEs); Energy Efficiency; Renewable Energy

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and the International Finance Corporation (IFC), a member of the US-based World Bank Group that seeks to increase economic growth in developing countries, recently announced that the two organizations will disburse a senior loan of USD 97 million to Alternatifbank (ABank), a private commercial bank in Turkey. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Dual Return Vision Funds Loan $1.25m to Microfinance Institutions (MFIs) in Armenia, Ghana

During April 2015, Austria’s C-Quadrat Asset Management disbursed from its Dual Return Funds local-currency loans totaling USD 1.25 million to unspecified microfinance institutions (MFIs) in Armenia and Ghana. Continue reading

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MICROCAPITAL BRIEF: EFSE Lends $7.8m to Microfinance Institutions Mikrofin of Bosnia and Herzegovina, Opportunity Bank Serbia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle focusing on Southeast Europe and Central Asia, recently invested in two microfinance institutions (MFIs) in an effort to support micro- and small enterprises: Mikrofin, an MFI in Bosnia and Herzegovina with a network of 64 offices; and Opportunity Bank Serbia (OBS), a member of US-based Opportunity International, which is active in 22 countries. Continue reading

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MICROCAPITAL BRIEF: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) Lends $5.4m to Microfinance Institution Mikrofin of Bosnia and Herzegovina

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently signed a senior loan agreement through which it will disburse EUR 5 million (USD 5.4 million) to Mikrofin, a Bosnia and Herzegovina-based microfinance institution. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Global Agriculture and Food Security Program, Sumitomo Mitsui Banking, Managed Co-Lending Portfolio Program to Loan $110m to Cambodia’s Acleda for agricultural lending

The International Finance Corporation (IFC), a member of the World Bank Group; the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies; Sumitomo Mitsui Banking Corporation (SMBC), a Tokyo-based subsidiary of Sumitomo Mitsui Financial Group; and the IFC Managed Co-Lending Portfolio Program, a platform that allows institutional investors to participate in IFC’s senior-loan portfolio, recently announced that they will be loaning a total of 110 million to Acleda Bank (Acleda), a Cambodian commercial bank. Continue reading

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MICROCAPITAL BRIEF: Germany’s Gemeinschaftsbank für Leihen und Schenken (GLS), Federal Ministry for Economic Cooperation and Development (BMZ) Together Invest $34m in Green for Growth Fund Southeastern Europe (GGF)

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, reportedly has invested EUR 22 million (USD 23 million) in the Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $32m to Tunisia’s Banque de Tunisie for On-Lending to Micro, Small, Medium-sized Enterprises (MSMEs); $3.2m to Support Women-Led SMEs in Kosovo

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has agreed to lend EUR 30 million (USD 32 million) to Tunisia’s Banque de Tunisie, for on-lending to micro-, small and medium-sized enterprises (MSMEs) in the country. Continue reading

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SPECIAL REPORT: e-MFP Accepting Applications for $106k Sixth European Microfinance Award: “Microfinance in Post-Disaster, Post-Conflict Areas and Fragile States” Through June 3, 2015

The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 130 microfinance organizations and individuals, has announced that it is accepting applications for the Sixth European Microfinance Award, which will include a cash prize of EUR 100,000 (USD 106,000). This year’s award aims to recognize service providers operating in post-disaster, post-conflict and fragile states. Applications for the award may be submitted until June 3, 2015, by institutions that operate in such areas and provide financial services that are intended to increase the “resilience” of people in these areas. Successful applicants will illustrate their strategy for increasing “both their own resilience and that of their clients,” while highlighting how these services will respond to the immediate, medium- and long-term needs of clients in afflicted areas. To qualify, an institution must be based in a developing country and obtain a letter of support from a member of e-MFP. Continue reading

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MICROFINANCE EVENT: International Fund for Agricultural Development (IFAD), World Bank to Host Global Forum on Remittances, June 16-19, 2015, Milan, Italy

Event Name: Global Forum on Remittances 2015

Event Date: June 16-19, 2015

Event Location: Centro Congressi Stella Polare Conference Centre, Milan, Italy

Summary of Event: This event is intended to promote awareness of remittances sent by migrants to their home countries. Session topics will include trends in remittances sent from Europe, best practices in regulation, opportunities for financial inclusion, competition and transaction costs, new technologies, opportunities for public-private partnerships and strategies for developing public-private partnerships to further financial inclusion.

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MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Nordic 2015;” June 15-16, 2015; Copenhagen, Denmark

Event Name: TBLI Conference Nordic 2015

Event Date: June 15-16, 2015

Event Location: Ovnhallen Porcelænshaven 20, Copenhagen Business School; Copenhagen, Denmark

Summary of Event: This conference will include panels on topics such as low-carbon investment strategies, how asset owners can address climate change, investing in sustainable agriculture and food production, and social impact strategies for banks.

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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: EFSE Loans $20m to AccessBank to Finance Micro-, Small Enterprises (MSEs) in Rural Azerbaijan

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently issued a USD 20 million senior loan to AccessBank, an organization founded in 2002 to provide credit and other financial services to smaller businesses and low-income families in Azerbaijan. Continue reading

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MICROCAPITAL BRIEF: $53k Giordano Dell’Amore Microfinance Best Practices International Award Applications Due April 19, 2015

Fondazione Giordano Dell’Amore, an Italian foundation that supports microfinance, has announced that it is accepting applications for its 2015 Giordano Dell’Amore Microfinance Best Practices International Award, which aims to increase the understanding of microfinance and promote the sharing of good practices among industry players. Continue reading

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MICROCAPITAL BRIEF: EBRD Loans $9m – Part in Local Currency – to FINCA, AccessBank for MSMEs in Tajikistan

The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution that operates in Eastern Europe, Central Asia and North Africa, has expanded its support for on-lending for micro-, small and medium-sized enterprises (MSMEs) in Tajikistan with multi-currency loans to FINCA Tajikistan (FINCA TJK) and AccessBank Tajikistan (AccessBank) in amounts equivalent to USD 4 million and USD 5 million, respectively. Continue reading

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