Category: Investment Funds

MICROCAPITAL BRIEF: CDC, Creation Investments, DEG, International Finance Corporation (IFC), FMO Acquire 40% Equity Stakes in India’s Equitas for $51.4m

The Commonwealth Development Corporation (CDC), which is owned by the UK government; Creation Investments Capital Management (Creation Investments), a US-based alternative investment management company; Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG), a German development finance institution offering long-term project and company financing; the International Finance Corporation (IFC), the private-investment arm of the World Bank Group; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that they will invest a total of INR 325 cores (USD 51.4 million) to acquire 40 percent of the shares of Equitas Holdings, an Indian microfinance lender. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Invest $11m in Microfinance Institutions in Cambodia, Costa Rica, Ecuador, Kyrgyzstan, Mexico, India

Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling approximately USD 11 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Cambodia, Costa Rica, Ecuador, Kyrgyzstan, Mexico and India. Continue reading

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MICROCAPITAL BRIEF: Desjardins Fund for Inclusive Finance Acquires Stake in Microfinance Institution Humo & Partners of Tajikistan

The Desjardins Fund for Inclusive Finance, a unit of Canada’s Desjardins Group, recently acquired shares in Humo and Partners, a microfinance institution (MFI) based in Dushanbe, Tajikistan, to support the expansion of the MFI in rural parts of the country. Continue reading

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MICROCAPITAL BRIEF: Triodos Sells 14.5% Equity Stake in K-rep Bank of Kenya to Existing Shareholders Centum Investment, K-rep Group

The Triodos Sustainable Finance Foundation, a unit of the Netherlands-based Triodos Bank, recently sold its entire 14.5-percent equity stake in K-rep Bank of Kenya, a commercial bank founded in 1999 that provides services to low-income people. Continue reading

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MICROCAPITAL BRIEF: FairTrade Access Fund (FAF) Issues Trade Finance Loan Worth $931k to Ecookim of Cote D’Ivoire

FairTrade Access Fund (FAF), an affiliate of German NGO Fairtrade International that provides loans to farmers in developing countries, recently announced that it has issued a trade finance loan of EUR 750,000 (USD 931,000) to Ecookim, a union of cooperatives based in Cote d’Ivoire, to support the purchase of cocoa beans from 3,700 local suppliers in Central and Western Cote d’Ivoire. Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Lends $16.4m to Housing Finance Bank (HFB) to Support Small, Medium-Sized Enterprises (SMEs) in Uganda

The European Investment Bank (EIB), a European Union-sponsored development bank, recently agreed to provide a credit line worth UGX 45 billion (USD 16.4 million) to the Housing Finance Bank (HFB), a Ugandan commercial bank, for on-lending to small and medium-sized enterprises in Uganda. Continue reading

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MICROCAPITAL BRIEF: Lok Capital of Mauritius to Raise $100m for Third Fund, First Round to Close by April 2015

Lok Capital, a Mauritius-based venture capital fund that focuses on microfinance and other social businesses in India, reportedly is seeking to raise USD 100 million for a new fund that will focus on financial inclusion as its key priority, with agriculture and energy as secondary areas of interest [1]. Continue reading

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MICROCAPITAL BRIEF: Mozido Raises $185m from MasterCard, Wellington Management, Individual Funders to Expand Operations

Mozido, a US-based mobile payment and marketing software company, recently raised USD 185 million in capital in the first round of its Series B financing to expand its mobile and payment services in Africa, China, Europe, India, Latin America and the Middle East. Continue reading

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 MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Provides $12.5m to Fibabanka of Turkey to Support Small, Medium-Sized Enterprises (SMEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), will disburse a EUR 10 million (USD 12.5 million) senior loan to Fibabanka, a Turkish commercial bank, for lending to small and medium-sized enterprises (SMEs). Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $31m Investment in Green for Growth Fund (GGF) for Energy-Efficiency Financing

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is in the final stage of considering an investment totaling EUR 25 million (USD 31 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: Absolute Portfolio Management’s Vision Microfinance Funds Loan $1.5m to Microfinance Institution in Ecuador

Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it has disbursed credits worth approximately USD 1.5 million to an unspecified microfinance institution (MFI) in Ecuador from its Vision Microfinance funds – the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency [1]. Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund, Southeast Europe (GGF) Lends $5m to Muganbank of Azerbaijan for On-Lending to Micro-, Small and Medium-Sized Enterprises (MSMEs) for Energy Efficiency Projects

The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources, recently disbursed a senior loan totaling USD 5 million to Muganbank, a financial institution that offers retail and corporate banking services in Azerbaijan, to on-lend to finance energy-efficient measures to be taken by households and micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROCAPITAL BRIEF: Spain’s Gawa Capital Partners Launches Global Financial Inclusion Fund for Investing in Microfinance Institutions

Gawa Capital Partners, a Spain-based investment firm specializing in microfinance funds, recently announced its launch of The Global Financial Inclusion Fund, which is slated to invest in microfinance institutions that provide financial services such as loans, microinsurance and savings accounts. Continue reading

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MICROCAPITAL BRIEF: Microfinance Enhancement Facility (MEF) Raises $25m via German Bank Gemeinschaftsbank für Leihen und Schenken (GLS)

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, has received USD 25 million from unspecified private investors to contribute to the Microfinance Enhancement Facility (MEF), a Luxembourg-based fund that aims to support the growth of microfinance institutions active in the trade, service and agriculture sectors in developing countries by providing them with refinancing liquidity. Continue reading

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MICROCAPITAL BRIEF: International Monetary Fund (IMF) Releases 2014 Financial Access Survey (FAS)

The International Monetary Fund (IMF), a US-based organisation that is part of the United Nations, has released the results of its 2014 Financial Access Survey (FAS), a publication that provides data and analysis on financial inclusion around the world. Continue reading

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MICROCAPITAL BRIEF: National Bank for Agriculture and Rural Development (NABARD) Launches $807m Long-Term Rural Credit Fund

The National Bank for Agriculture and Rural Development (NABARD), a development bank in India that formulates certain credit and banking policies, recently announced the launch of the long-term rural credit fund, which will provide INR 5,000 crores (USD 807 million) for refinancing agricultural loans disbursed by cooperative banks and regional rural banks (RRBs). Continue reading

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MICROCAPITAL BRIEF: Oxus Raises $4.2m in Equity from Investors including Agency for Technical Cooperation and Development (ACTED) for Expansion in Asia, Africa

The Oxus Group, a French microfinance organization with subsidiaries in the Democratic Republic of the Congo and three Asian countries, recently raised EUR 3.3 million (USD 4.2 million) in equity through its unit Oxus Holding by selling equity shares to the Agency for Technical Cooperation and Development (ACTED), which remains its majority shareholder, and three unnamed retail investors. Continue reading

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