Category: Eastern Europe and Central Asia

MICROFINANCE EVENT: Burgundy School, Chinese Association of Microfinance, Shanghai Jiao Tong University to Host 7th International Conference on the Institutional, Technological Environment for Microfinance (ITEM7), March 15-17, 2016, Shanghai, China

Event Name: 7th International Conference on the Institutional and Technological Environment for Microfinance (ITEM7)

Event Dates: March 15-17, 2016

Event Location: Shanghai Jiao Tong University, Shanghai, China Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Burgundy School, Chinese Association of Microfinance, Shanghai Jiao Tong University to Host 7th International Conference on the Institutional, Technological Environment for Microfinance (ITEM7), March 15-17, 2016, Shanghai, China Posted in Eastern Europe and Central Asia, Events

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $6.5m to Microfinance Institutions (MFIs) in China, Panama

During January 2016, Austria’s C-Quadrat Asset Management issued loans worth the equivalent of USD 6.5 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in China and Panama. Continue reading

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MICROCAPITAL BRIEF: Olympus Capital Asia Invests $30m in Equity in Microfinance Institution Network CreditAccess

Olympus Capital Asia, a private equity firm with offices in Hong Kong, New Delhi, Seoul, Shanghai, Singapore and New York, recently invested USD 30 million in equity in CreditAccess Asia, a Dutch operator of microfinance institutions (MFIs) in India, Indonesia and the Philippines, aiming to help expand CreditAccess Asia’s retail lending services. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Global Financial Development Report 2015/2016,” Published by the World Bank

“Global Financial Development Report 2015/2016,” published by the World Bank, September 2015, 211 pages, available at http://www.worldbank.org/en/publication/gfdr/report Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $11m to UniCredit Bank Serbia for On-Lending to Individuals for Home Improvement, Housing Finance

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 10 million (USD 10.8 million) to UniCredit Bank Serbia, the Belgrade-based subsidiary of the Italian commercial banking firm UniCredit Group. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $11m to UniCredit Bank Serbia for On-Lending to Individuals for Home Improvement, Housing Finance Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Pilot Program for Climate Resilience (PPCR) Loan $3m in Local Currency to Tajikistan’s Eskhata Bank for Environmental Projects

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, and the Pilot Program for Climate Resilience (PPCR), an initiative of various international development institutions that offers donations and preferential-rate loans for projects in developing countries, jointly have provided a local-currency loan equivalent to USD 3 million to Eskhata Bank, a commercial bank in Tajikistan that focuses on microfinance. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Pilot Program for Climate Resilience (PPCR) Loan $3m in Local Currency to Tajikistan’s Eskhata Bank for Environmental Projects Posted in Deals, Eastern Europe and Central Asia, Key Players

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), Tbilisi Business Center (TBC) Bank Georgia Partner to Fund Micro-, Small Enterprises (MSEs); Agricultural Producers

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a subordinated loan of USD 15 million to Tbilisi Business Center (TBC) Bank, a Tbilisi, Georgia-based commercial bank, to support access to financing for micro- and small enterprises (MSEs) as well as agricultural producers in rural areas of Georgia. TBC will be EFSE’s fifth partner lending institution in Georgia [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), Tbilisi Business Center (TBC) Bank Georgia Partner to Fund Micro-, Small Enterprises (MSEs); Agricultural Producers Posted in Deals, Eastern Europe and Central Asia

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: 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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SPECIAL REPORT: How Microinsurance Affected Mongolian Herders Rebuilding After Drought

European Microfinance WeekAt European Microfinance Week yesterday, Veronika Bertram-Hümmer of Deutsches Institut für Wirtschaftsforschung Berlin (the German Institute for Economic Research) and Leibniz Universitat Hannover presented research on how insured and uninsured herders in Mongolia recovered from the 2009-2010 drought that killed 22 percent of the livestock in the country. Insured households received an average payout of USD 312. None used the money to buy livestock, instead opting Continue reading

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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: 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: 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 (EC) Launches EaSI-MicPro, a New Online Information on Microcredit Providers

The European Commission (EC), the executive body of the European Union (EU), recently launched EaSI-MicPro, a new online platform where microcredit providers can present information about their operations. Continue reading

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MICROCAPITAL BRIEF: Asian Credit Fund of Kazakhstan Raises Equity from Employee-Owned Karavella, Base of the Pyramid Asia (BOPA)

Asian Credit Fund (ACF), a microfinance institution (MFI) based in Kazakhstan, recently informed MicroCapital that it has raised an undisclosed amount of cash through a second round of equity financing. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $30m to Georgia’s Bank Republic for On-lending to Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it will provide a loan of USD 30 million to Bank Republic, which serves retail and corporate customers in Georgia as a subsidiary of the French financial services provider Société Générale. Continue reading

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MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD) to Extend Small Business Initiative to Turkmenistan

The European Union (EU) and the European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, have announced the extension of the Small Business Initiative, a program that provides loans and technical assistance to support small and medium-sized enterprises (SMEs), to Turkmenistan. Continue reading

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