Category: Investment Funds

MICROCAPITAL BRIEF: FMO, Bladex Co-Arrange $100m Loan for Banco Continental Paraguay, including $47m for On-Lending to Small, Medium-Sized Enterprises

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay. Continue reading

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MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation to Invest $80m in Acquiring Data on Progress, Barriers to Success of Women, Girls

The Bill & Melinda Gates Foundation, a nonprofit organization based in the United States, recently announced that it will commit USD 80 million over three years to improve the availability and reliability of data on women and girls including: (i) how much time they spend on unpaid work; (ii) information on the efficacy of programs and other interventions; and (iii) how successful political leaders are in supporting gender equality. Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund to Loan $2.2m to Microfinance Institution Alter Modus of Montenegro for Energy Efficiency for Housing, Business

The Green for Growth Fund (GGF), a Luxembourg-based investment vehicle that supports energy-efficiency (EE) initiatives in Southeast Europe, recently announced that it will invest EUR 2 million (USD 2.2) in debt in Alter Modus, a Montenegro-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: IFMR Investment Managers Raising Third Debt Fund, IFMR FImpact Medium Term Microfinance Fund

The Institute for Financial Management and Research (IFMR) Investment Managers, a unit of India-based IFMR Trust Group providing investment management services in asset classes that impact the financially excluded, is seeking to raise INR 1 billion (USD 15 million) for a debt fund called IFMR FImpact Medium Term Microfinance Fund to invest exclusively in microfinance firms. Continue reading

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MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $34m to Microfinance Institutions (MFIs) in Latin America, South Asia

During July 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 34 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ecuador, India, Nicaragua, Paraguay and Sri Lanka. Continue reading

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MICROCAPITAL BRIEF: IDFC Bank Acquires India’s Grama Vidiyal Micro Finance

The Infrastructure Development Finance Company (IDFC) Bank, an Indian for-profit private company providing banking and other financial services, recently acquired Grama Vidiyal Micro Finance, a microfinance institution (MFI) headquartered in the Indian state of Tamil Nadu, increasing its rural and semi-urban customer base by 1.2 million. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Announces $10m Loan to Moroccan Microfinance Institution Albaraka

The Sanad Fund for MSME (Micro Small and Medium Enterprises), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced a partnership with Albaraka, a Moroccan microfinance institution (MFI), Continue reading

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MICROCAPITAL BRIEF: India’s Suryoday Microfinance Raises $15m in Equity as Aavishkaar Goodwell Exits

Suryoday Micro Finance Private Limited , a non-banking finance company providing microfinance services in India, recently raised INR 1 billion (USD 15 million) from investors including the Infrastructure Development Finance Company (IDFC) Bank; ASK Pravi; the Housing Development Finance Corporation (HDFC) Standard Life Insurance; Arpwood Investment Advisors; Kiran Vyapar, the investment arm of LN Bangur Group; Polaris Banyan Holding and Dr. Aravind Srinivasan [2]. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues Bonds Supporting SME, Rural Finance: $12m for Costa Rica’s Banco Improsa, $10m for Indonesia’s Mitra Bisnis Keluarga (MBK) Ventura, $6m for Armenia’s Armeconombank

Symbiotics Group, a Switzerland-based for-profit investment intermediary, recently informed MicroCapital that it has issued local-currency bonds Continue reading

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MICROCAPITAL BRIEF: Developing World Markets Closes Debt Investments Totaling $8.3m in Armenia, Colombia, India, Nicaragua

Developing World Markets (DWM), a US-based asset manager and investment bank, recently announced that it issued loans in February and March 2016 to four unidentified financial institutions serving microentrepreneurs, including a Colombian bank and non-banking financial institutions (NBFIs) in Armenia, India and Nicaragua. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Group Issues “Impact” Finance Bonds of $9m for India’s Fusion Microfinance Private Limited, $7.5m to Sri Lanka’s LOMC, $3.5m to India’s Saija

Symbiotics Group, a Switzerland-based for-profit investment intermediary, recently informed MicroCapital that it has issued local-currency bonds Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation Investing Up To $70m in Debt in India-based Microfinance Institutions Grameen Koota, Janalakshmi Financial Services

The International Finance Corporation, a member of the World Bank Group, recently announced that it will invest up to INR 1.4 billion (USD 20 million) in Grameen Financial Services Private Limited and INR 3.4 billion (USD 50 million) in Janalakshmi Financial Services (JFS), Bangalore-based microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $420k to Burkina Faso’s ASIENA, $330k to Agora Microfinance Zambia

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs), recently informed MicroCapital that it is loaning the local-currency equivalent of EUR 380,000 (USD 422,000) over three years to Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $420k to Burkina Faso’s ASIENA, $330k to Agora Microfinance Zambia Posted in Africa, Deals, Investment Funds

SPECIAL REPORT: Pre-qualification of Candidates to Provide Services for Africa Agriculture and Trade Investment Fund

Invitation for Expressions of Interest: Pre-qualification of candidates for full investment management services and/or distribution services for the Africa Agriculture and Trade Investment Fund, deadline: 19 August 2016 at 15:00 Central European Time.

The Africa Agriculture and Trade Investment Fund is an innovative public-private partnership established with the objective to realise Africa’s agricultural potential for the benefit of the poor by improving food security and providing additional employment and income to farmers, entrepreneurs and labourers. The Fund provides patient and responsible financing Continue reading

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Written by Comments Off on SPECIAL REPORT: Pre-qualification of Candidates to Provide Services for Africa Agriculture and Trade Investment Fund Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: TPG Growth Acquiring 40% in One Network Bank from Banco de Oro Unibank of Philippines

TPG Growth, a subsidiary of the private equity firm TPG, recently announced its intention to purchase a 40-percent equity stake in One Network Bank (ONB), a rural subsidiary of Banco de Oro Unibank (BDO), a Philippines-based commercial bank. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $2.4m in Kenya to Juhudi Kilimo, Musoni Kenya, ECLOF

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of EUR 1.2 million (USD 1.3 million) to Continue reading

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MICROCAPITAL BRIEF: Sanad Fund Loans $10m to NBK-Egypt for SMEs

The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Luxembourg-based partnership that provides loans to financial institutions in the Middle East and North Africa, recently loaned USD 10 million to National Bank of Kuwait-Egypt (NBK-Egypt), the Egyptian unit of NBK. Continue reading

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