Eastern Europe and Central Asia | MicroCapital
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Thursday, April 17, 2014

MICROCAPITAL BRIEF: Macedonia-based Aspekt to Supply Microfinance Software to Georgia-based Microlender Credit Plus

Aspekt, a Macedonia-based information and computer technology company, recently signed a deal to provide their microfinance portfolio management software tool, “Microfinance Software Solution,” to Credit Plus, a Georgia-based microfinance institution (MFI). Continue Reading »

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Tuesday, April 15, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $26m to Yapi Kredi of Turkey to Support Leasing to Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a senior loan of EUR 20 million (USD 26.4 million) to Yapi Kredi Leasing, a financial institution that is majority-owned by Turkish commercial bank Yapi Kredi, to support its leasing services for micro-, small and medium-sized enterprises (MSMEs). Continue Reading »

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Tuesday, April 15, 2014

MICROCAPITAL BRIEF: EIF, EBRD, European Commission, DEG to Allocate $19.8m for Small, Medium-Sized Enterprises (SMEs) Via Western Balkans Enterprise Expansion Fund (ENEF)

The European Investment Fund (EIF), a public-private partnership that provides risk capital to small and medium-sized enterprises (SMEs), and the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced an agreement to allocate a total of EUR 14.5 million (USD 19.8 million) to support investing in SMEs in the Western Balkans region through the Western Balkans Enterprise Expansion Fund (ENEF). Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $29m to Center-Invest Bank (CIB) of Russia for On-lending to Small, Medium-sized Enterprises (SMEs) in Southern Russia

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has loaned RUB 900 million (USD 29 million) to Center-Invest Bank (CIB), a Russian commercial bank, for on-lending to small and medium-sized enterprises (SMEs) in southern Russia. Continue Reading »

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Friday, April 4, 2014

MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Loans $10m to Kyrgyz Investment and Credit Bank (KICB)

The Dutch development bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) recently signed an agreement to loan USD 10 million to Kyrgyz Investment and Credit Bank (KICB), a commercial bank in Kyrgyzstan. Continue Reading »

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Wednesday, April 2, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Offers $5m Credit Line to FINCA for Lending in Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will extend a credit line of USD 5 million to FINCA Kyrgyzstan, a unit of US-based microfinance nonprofit FINCA International. Continue Reading »

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Monday, March 31, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Supports Sovereign Lending for Public Sector Projects, Private Investments in Ukraine

The European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, is putting together an economic support package for Ukraine that includes sovereign lending for public sector projects such as infrastructure development and increased funding for small and medium-sized enterprises (SMEs). Continue Reading »

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Monday, March 31, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $104m Loan to DenizBank of Turkey for Small, Medium-sized Enterprises (SMEs) in Agribusiness Sector

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is considering offering a loan of EUR 75 million (USD 104 million) to Turkish commercial bank DenizBank for on-lending to small and medium-sized enterprises (SMEs) in the agribusiness sector. Continue Reading »

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Monday, March 17, 2014

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue Reading »

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Friday, March 14, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), BG Kazakhstan to Extend Technical Assistance to Programme for Women, Young Entrepreneurs in Kazakhstan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it will add a second year to its effort with BG Kazakhstan, a subsidiary of UK-based oil and gas company BG Group, to support women and young entrepreneurs in the Burlinskiy district of western Kazakhstan [1]. Continue Reading »

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Thursday, March 13, 2014

MICROCAPITAL BRIEF: Belgazprombank (BGPB) of Belarus to Receive $41m Syndicated Loan from European Bank for Reconstruction and Development (EBRD), European Fund for Southeast Europe (EFSE)

Belgazprombank (BGPB), a Belarus-based commercial bank owned by Gazprom of Russia, Gazprombank of Russia, Beltransgaz of Belarus and the Belorussian government, recently entered into an agreement with the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, and the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, to accept a five-year, syndicated loan of  EUR 30 million (USD 41.4 million). Continue Reading »

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Monday, March 10, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union, Republic of Turkey Provide $469m For Female Entrepreneurs in Turkey

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, in partnership with the European Union and the Republic of Turkey, is launching a “Women in Business Programme” in 2014 to provide financial and technical support services totaling EUR 338 million (USD 469 million) for female entrepreneurs in Turkey. Continue Reading »

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Wednesday, March 5, 2014

MICROCAPITAL BRIEF: Asian Development Bank Approves $600k for Microfinance Development in Azerbaijan

The Asian Development Bank (ADB), a development finance institution based in the Philippines, has agreed to commit USD 600,000, including USD 300,000 from ADB’s Financial Sector Development Partnership Fund, to provide technical assistance for the development of Azerbaijan’s microfinance sector. Continue Reading »

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Thursday, February 27, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $20m to ProCredit Bank Serbia for Small, Medium-sized Enterprises

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a loan of EUR 15 million (USD 20.4 million) to ProCredit Bank Serbia, a financial institution that focuses on lending to micro-, small and medium-sized enterprises (MSMEs) and is majority-owned by Germany-based ProCredit Holding. Continue Reading »

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Tuesday, February 18, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund Loans $65m to Bank of Georgia

The International Finance Corporation (IFC) Capitalization Fund, which is managed by US-based IFC Asset Management Company, has disbursed a subordinated loan facility of USD 65 million to the Bank of Georgia, a commercial bank, to expand lending operations in Georgia. Continue Reading »

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Wednesday, February 12, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $6.8m to Intesa Leasing Belgrade of Serbia to Support Micro-, Small Enterprises

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV) backed by the European Union, recently has announced a new partnership agreement with Intesa Leasing Belgrade (ILB) of Serbia, the lease financing arm of Banca Intesa Belgrade, a Serbian commercial bank that is a wholly owned subsidiary of Italian banking group Intesa Sanpaolo. Continue Reading »

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Tuesday, February 11, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $15m to AccessBank of Azerbaijan

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), reportedly has provided a senior loan of USD 15 million to AccessBank, a microfinance institution (MFI) in Azerbaijan. Continue Reading »

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Tuesday, February 11, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $4m to Komercijalna Banka Banja Luka of Bosnia and Herzegovina

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a senior loan of EUR 3 million (USD 4.1 million) to Komercijalna Banka Banja Luka, a financial institution that is owned by Serbia-based commercial bank Komercijalna Banka Beograd. Continue Reading »

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