Category: Investment Funds

MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Buys 25% Equity Stake in Microfinance Institution Elet-Capital of Kyrgyzstan

For an undisclosed price, Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small, Asian microfinance institutions (MFIs), recently purchased a 25-percent stake in Elet-Capital, a Kyrgyzstan-based MFI. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $25m to Azerbaijan’s AccessBank for Micro-, Small, Medium-Sized Enterprises

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it will provide a subordinated loan of USD 25 million to AccessBank, a microfinance bank in Azerbaijan that is associated with Germany’s Access Microfinance Holding AG (AccessHolding), to enable it to serve more micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROCAPITAL BRIEF: Private Equity Fund, Apis Partners, Raises $157m for Financial Technology Startups in Africa, South Asia

Apis Partners, a London-based private equity firm, has raised USD 157 million in investments for the Apis Growth Fund that it launched in 2014 to target technology firms working in payments, savings, investments, credit and insurance in Africa and South Asia. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $170k in Local Currency to Togo’s COOPEC SIFA

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has disbursed the initial tranche of a loan equivalent to approximately USD 170,000 in local currency to (Coopérative d’Epargne et de Crédit des Soutien aux Initiatives de Femmes pour l’Autopromotion (COOPEC SIFA), a microfinance institution (MFI) in Togo that focuses on serving poor women. Continue reading

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MICROCAPITAL BRIEF: Green For Growth Fund Disburses $22m to ProCredit Bank Serbia to Support Lending for Energy Efficiency Projects

The Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based investment vehicle that supports energy-efficient initiatives in Southeast Europe, recently disbursed a senior loan of EUR 20 million (USD 22 million) to ProCredit Bank Serbia (PBS), a commercial bank that is specialized in lending to micro-, small and medium-sized enterprises (MSMEs) in Serbia. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will disburse a loan of USD 10 million to Hattha Kaksekar Limited (HKL), a microfinance institution (MFI) in Cambodia. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $5.5m in Credits to Microfinance Institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia, Nicaragua

During July 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth USD 6 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia and Nicaragua. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues $26m in Bonds for Coopeservidores Cooperative of Costa Rica; Fusion Microfinance, Suryoday of India

Symbiotics, a Switzerland-based for-profit investment intermediary, recently issued bonds for Coopeservidores, a Costa Rican savings and credit cooperative, in the amount of USD 12.5 million; Fusion Microfinance, an Indian microfinance institution (MFI), in the amount of USD 7 million; and Suryoday Microfinance Private Limited (Suryoday), another Indian MFI, in the amount of USD 6.8 million. Continue reading

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MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Donating up to $6m to World Council of Credit Unions (WOCCU) for Housing Development in Haiti

The United States Agency for International Development (USAID), the foreign assistance agency of the US government, recently agreed to give the World Council of Credit Unions (WOCCU), a US-based association of credit union groups in 54 countries, a donation up to USD 6 million under USAID’S “Home Ownership and Mortgage Expansion” (HOME) facility. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investor BlueOrchard of Switzerland Appoints Dr Patrick Schuerle as CEO

BlueOrchard Finance (BlueOrchard), a Switzerland-based commercial manager of microfinance investments, recently announced the appointment of Dr Patrick Schuerle as the organization’s new Chief Executive Officer as of January 1, 2016. Dr Schuerle will succeed Mr Peter Fanconi, who will serve as the Chairman of the Board from that time. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Invests $2.4m in Cambodian Microfinance Institutions Chamroeun, Thaneakea Phum Cambodia (TPC)

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently issued the following two loans to Cambodian MFIs: Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $22m Credit to Belinvestbank of Belarus for On-Lending to Micro-, Small and Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, is considering extending a credit line of EUR 20 million (USD 22 million) to Belinvestbank (BIB), a state-owned bank in Belarus. Continue reading

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MICROCAPITAL BRIEF: Sanad, Bankmed Partner to Support Small, Medium-sized Enterprises (SMEs) in Lebanon

The Sanad Fund for MSME (micro-, small and medium-sized enterprise) (Sanad), a Luxembourg-based organization that provides “medium- and long-term”[1] debt and equity to financial institutions in the Middle East and North Africa region, has recently announced the disbursement of a loan of USD 15 million to Bankmed, a Lebanese commercial bank regulated by the Central Bank of Lebanon. Continue reading

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MICROCAPITAL BRIEF: BIO, Oikocredit Invest $8.3 million in Fusion Microfinance of India

Fusion Microfinance (Fusion), a microfinance institution (MFI) based in New Delhi, has received a combined investment of INR 53 crores (USD 8.28 million) from Belgian Investment Company for Developing Countries SA (BIO), an investment company backed by the government of Belgium; and the Dutch cooperative investment fund Oikocredit. Continue reading

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MICROCAPITAL BRIEF: DEG, FMO, Triodos to Invest Debt in Promerica of Nicaragua

Two microfinance investment vehicles, Triodos Microfinance Fund and Triodos Fair Share Fund, recently made a debt investment of unspecified amount in Promerica Financial Corporation (Promerica Group), a commercial bank based in Nicaragua. Triodos Investment Management, a subsidiary of Triodos Bank of the Netherlands, manages both funds. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch development bank; and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a German development bank, also participated in the investment with unspecified amounts of debt finance. Continue reading

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MICROCAPITAL BRIEF: Incofin Investment Management Raises $71m in First Close of agRIF Fund, Successor to Rural Impulse Funds; Plans to Invest in Agricultural, Rural Enterprises

Incofin Investment Management (Incofin IM), a Belgium-based manager of microfinance investment funds, recently announced the first close of agRIF, a 10-year debt and equity investment fund, at a total value of USD 71 million. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Donates $28k to Vitas for Microfinance Client Protection in Iraq, Lebanon, Palestinian Territories

The Luxembourg-based Sanad Fund for MSME (micro-, small and medium-sized enterprise) recently donated USD 28,000 to Vitas Group, a commercial holding company created by US-based, international nonprofit organization Global Communities, to train the staff of Vitas Group’s microfinance institutions in the Middle East on client protection. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Morocco’s Microfinance Market; Trends in Funding Financial Inclusion; Growth Projections in Islamic Microfinance

“Ending the Microfinance Crisis in Morocco: Acting early, acting right;” published by the International Financial Corporation in partnership with the Canadian Department of Foreign Affairs, Trade, and Development; the Danish International Development Agency; Japan; Switzerland’s State Secretariat for Economic Affairs; and UKaid; October 2014; available at http://www.ifc.org/wps/wcm/connect/5e1e5a0047850bdba0d4f5299ede9589/IFC+Morocco+MicroFinance+Crisis+report.English.pdf?MOD=AJPERES
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