Category: Eastern Europe and Central Asia

MICROCAPITAL BRIEF: World Bank Group Donating $22m to, Investing $2m in Agriculture Commercialization in Tajikistan

The International Development Association (IDA), the arm of the World Bank Group (WBG) that offers interest-free credits and grants to the world’s 82 poorest countries, is planning to disburse a grant of USD 22 million to support the “Tajikistan Agriculture Commercialization Project”[1] of the government of Tajikistan. Continue reading

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MICROCAPITAL BRIEF: “KazAgro” National Management Holding of Kazakhstan Privatizing 48 Subsidiaries, Mostly Microfinance Institutions (MFIs)

Astana-based “KazAgro” National Management Holding Joint Stock Company (“KazAgro”), the state-owned agency responsible for the implementation of national policy on agribusiness development in the Republic of Kazakhstan, reportedly has announced that it plans to sell 45 subsidiaries within the second phase of the ongoing privatization process in the country. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development, Central Bank of Tajikistan Unveil Draft for Mobile Banking Regulations

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, and the central bank of Tajikistan have been collaborating to launch a regulatory framework with the aim of utilizing technology and retail infrastructure to help banks and other organizations offer financial services outside of bank branches in the country.  Continue reading

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MICROCAPITAL BRIEF: United Nations Relief and Works Agency (UNRWA) Launches India-based InfrasoftTech’s OMNIEnterprise Microfinance Software in Gaza, Jordan, Syria, West Bank

InfrasoftTech, a financial software firm that was founded in 1995 and IS based in Mumbai, India, reportedly has announced that the microfinance department of the United Nations Relief and Works Agency (UNRWA), which provides education, health care, social services has adopted InfrasoftTech’s OMNIEnterprise Microfinance Solution, a banking software system across its operations in: Gaza, Jordan, Syria and the West Bank. Continue reading

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MICROFINANCE EVENT: AlHuda Center of Islamic Banking and Economics to Host 4th Global Islamic Microfinance Forum, November 1-4, 2014, Dubai, UAE

Event Name: 4th Global Islamic Microfinance Forum

Event Date: Conference: November 1-2, 2014; Post-conference workshop: November 3-4, 2014

Event Location: Dubai, United Arab Emirates  Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $8m to Mongolia’s Khan Bank for On-Lending to Support Value Chains That Include Micro-, Small, Medium-Sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, reportedly has issued a loan of MNT 15 billion (USD 8 million) to Khan Bank, a commercial bank based in Mongolia, as the final tranche of a total of MNT 47 billion (USD 25 million) to be on-lent by Khan Bank to suppliers of micro-, small and medium enterprises (MSMEs) in Mongolia.  Continue reading

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MICROCAPITAL BRIEF: Incofin Investment Management Launches ProPulse Fund for Private Institutional Investors to Access Microfinance Institutions in Emerging Economies

Incofin Investment Management (Incofin IM), a microfinance fund manager based in Belgium, has announced the launch of its ProPulse Fund, which is designed specifically for private institutional investors to provide financing to entrepreneurs in emerging economies via microfinance institutions (MFIs) in response to “the large demand for local currency loans.” Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Effects of Female Leadership on Microfinance Institutions (MFIs); Impact of Microcredit in Morocco; Social Performance Management Guide

Female Leadership, Performance, and Governance in Microfinance Institutions;” by Reidar Øystein Strøm, Bert D’Espallier and Roy Mersland; published by Elsevier; 2014; 16 pages; available for purchase at http://www.sciencedirect.com/science/article/pii/S0378426614000284

This report examines the relationship between the performance of microfinance institutions (MFIs) and whether women occupy high management positions, including CEO, chair or director, in those MFIs. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $14m to Microfinance Institutions (MFIs) in Armenia, China, India, Peru, Tajikistan

Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits in several currencies that total approximately the equivalent of USD 13.5 million to unspecified microfinance institutions (MFIs) in Armenia, China, India, Peru and Tajikistan through its Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency. Continue reading

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MICROCAPITAL BRIEF: Government-Backed Dutch Good Growth Fund Launches with $950m, Aims to Support Small, Medium-sized Enterprises (SMEs) in the Netherlands, Developing Nations

The Dutch Good Growth Fund (DGGF), a Netherlands-based loan fund that is funded with EUR 700 million (USD 947 million) from the Dutch Ministry of Foreign Affairs, has opened for business as of July 2014. Continue reading

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MICROCAPITAL BRIEF: AccessBank Azerbaijan Receives $15m Loan from Green for Growth Fund for Financing Energy-Efficient Projects

AccessBank Azerbaijan, a microfinance bank (MFB) in Azerbaijan, has borrowed USD 15 million from the Green for Growth Fund, Southeast Europe (GGF), a European public-private partnership that focuses on improving energy efficiency and promoting renewable energy sources in Southeastern Europe, with the aim of increasing AccessBank’s financing of energy-efficient projects. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Promoting External Advice for Small and Medium-Sized Enterprises (SMEs) in Kyrgyzstan

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, has launched an information campaign to increase awareness of “the value of external advice for small and medium-sized enterprises (SMEs)”[1] in Kyrgyzstan. Continue reading

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MICROCAPITAL BRIEF: European Investment Fund (EIF) to Guarantee Loans Disbursed by UniCredit Bulbank to Microenterprises in Bulgaria Under Progress Microfinance Facility

The European Investment Fund (EIF), a provider of finance to organizations that lend to micro-, small and medium-sized enterprises (MSMEs) in Europe, and UniCredit Bulbank, a Bulgarian banking unit of UniCredit Group of Italy, have announced a guarantee agreement that will enable UniCredit Bulbank to support increased financial inclusion of approximately 270 microenterprises in the country [1]. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video

“Microfinance Banana Skins 2014: Facing Reality;” published by Centre for the Study of Financial Innovation; July 2014; 84 pages; available athttp://csfi.org/files/Microfinance_Banana_Skins_2014_-_WEB.pdf

This report, which is based on data collected by surveying 306 people associated with the microfinance industry, examines 19 risks faced by microfinance institutions (MFIs) across the globe. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans Kyrgyz Investment and Credit Bank (KICB) $5m; Demir Kyrgyz International Bank (DKIB) $4m for On-lending to Fund Energy Efficiency Improvement Projects

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, has approved the disbursement of a loan of USD 5 million to Kyrgyz Investment and Credit Bank (KICB), a commercial bank in Kyrgyzstan. Continue reading

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