MICROCAPITAL BRIEF: KMF and Bereke of Kazakhstan, Vasham of Indonesia Borrow $4.4m from Grameen Credit Agricole Microfinance Foundation

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following loans in phases over three years: the local-currency equivalent of USD 3.9 million to KazMicroFinance LLC (KMF) of Kazakhstan, the euro-equivalent of USD 550,000 to Bereke of Kazakhstan, and the euro equivalent of USD 660,000 to Vasham of Indonesia.

MICROCAPITAL BRIEF: UBS Wealth Management Customers Investing $325m in The Rise Fund, Social Impact Private Equity Vehicle Managed by TPG

Union Bank of Switzerland (UBS) Wealth Management, a unit of Zurich-based UBS, recently announced that it has raised USD 325 million from its high-net-worth clientele to invest in The Rise Fund, a social impact private equity fund managed by the US-based Texas Pacific Group (TPG).

MICROCAPITAL BRIEF: Fairtrade Access Fund Issues $3m Trade-finance Loan to Cote d’Ivoire’s Enterprise Cooperative Kimbe (Ecookim), Supporting 12k Cocoa Farmers

German development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has issued a trade finance loan of USD 3 million to Enterprise Cooperative Kimbe (Ecookim), a union of 23 cooperatives in Cote d’Ivoire. 

MICROCAPITAL BRIEF: Advans Cote d’Ivoire, Aga Khan’s PAMF-Mali Borrowing $3.8m from Grameen Credit Agricole Microfinance Foundation

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 2.9 million to Advans Cote d’Ivoire and the equivalent of USD 890,000 to Premiere Agence de MicroFinance (PAMF) Mali.

MICROCAPITAL BRIEF: Fairtrade Access Fund Loans $750k to Colombia’s Cooperativa DelosAndes for Coffee Mill

Germany-based development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has loaned USD 750,000 to Cooperativa DelosAndes, a Colombia-based coffee cooperative, to co-finance a wet mill. 

MICROCAPITAL BRIEF: Morgan Stanley Raises $125m for PMF Integro Impact Investing Fund

US-based financial services firm Morgan Stanley has reported that it raised USD 125 million for its recently launched Private Markets Fund Integro Fund I, the firm’s first “global impact fund,” which will be managed by Alternative Investment Partners (AIP) Private Markets, Morgan Stanley’s private equity arm.

MICROCAPITAL BRIEF: Indian Microlender Arohan Sells 13% Equity Stake to Maj Invest for $15m; Aavishkaar, Tano Increase Holdings

Arohan Financial Services, an Indian non-banking finance company that offers microloans to women, recently raised INR 155 crore (USD 24.1 million) from Maj Invest, a Danish asset management firm; Tano Capital, a US-based asset management firm focusing on emerging markets; Aavishkaar Venture Management Services, a venture capital firm targeting underserved regions of India; and multiple individuals.

MICROCAPITAL BRIEF: Morgan Stanley, Economist Intelligence Unit Release “Inclusive Growth Opportunities Index” Ranking 20 Countries on Impact Investing Potential

The Institute for Sustainable Investing, a unit of US-based financial services firm Morgan Stanley, in collaboration with The Economist Intelligence Unit, a UK-based advisory affiliated with The Economist magazine, recently released the 2017 Inclusive Growth Opportunities Index, a report on investment opportunities intended to increase access to education, healthcare and finance as well as “gender inclusion.”

MICROCAPITAL BRIEF: World Refugee Fund Created by Kiva, Alight, Tent Foundation, USA for UNHCR to Collect Loan Capital from Individuals for Displaced People

Kiva, a US-based, nonprofit crowdfunding platform for microfinance institutions (MFIs), recently launched its World Refugee Fund to raise money online from individuals for on-lending to institutions serving cross-border refugees and people who have been internally displaced.

MICROCAPITAL BRIEF: Targeting Rural MSEs, EFSE Lends Local-currency Equivalent of $6m to Opportunity Bank Serbia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan RSD 615 million (USD 6 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, “to support small businesses, especially in rural areas.”

MICROCAPITAL BRIEF: SoftBank Pays $1.4b for 20% Equity Stake in Paytm, Provider of Digital Payment Services in India

Paytm, an Indian electronic payment and e-commerce company with 220 million users, recently raised INR 90 billion (USD 1.4 billion) in equity by selling nearly 20 percent of its shares to SoftBank Group, a Japanese conglomerate operating in the technology and energy sectors.

MICROCAPITAL BRIEF: BIMAS of Kenya, AMZ of Zambia, PAIDEK of DR Congo Borrow $2m from Grameen Credit Agricole Microfinance Foundation

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 838,000 to Business Initiatives and Management Assistance Services (BIMAS) of Kenya, the equivalent of USD 582,000 to Agora Microfinance Zambia (AMZ), and the equivalent of USD 582,000 to Promotion et Appui aux Initiatives de Développement Economique du Kivu (PAIDEK) of the Democratic Republic of the Congo.

MICROCAPITAL BRIEF: EFSE Funding $2.3m in Microenterprise Loans in Bosnia and Herzegovina via Mi-Bospo, Half in Rural Areas

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan EUR 2 million (USD 2.3 million) to Microcredit Foundation Mi-Bospo, a non profit microfinance institution in Bosnia and Herzegovina.

MICROCAPITAL BRIEF: Impact Investment Exchange (IIX) Preparing $8m Women’s Livelihood Bond Issue to Fund Microfinance, Vocational Training in Southeast Asia

Impact Investment Exchange Asia (IIX), a Singapore-based facilitator of investment in social enterprises, recently announced that it has raised USD 8 million via a “Women’s Livelihood Bond” issue to support women-owned businesses in Southeast Asia.

MICROCAPITAL BRIEF: COMUBA of Benin, COOPEC SIFA of Togo Borrow $1m from Grameen Credit Agricole Microfinance Foundation (GGAMF)

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following loans in phases over three years: the equivalent of USD 615,000 to La Coopérative Des Membres Unis Bethel Actions (COMUBA) in Benin and the equivalent of USD 350,000 to Coopérative d’Epargne et de Crédit des Soutien aux Initiatives de Femmes pour l’Autopromotion (COOPEC SIFA) in Togo.

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GGAMF) Loans $1.7m in Kyrgyzstan to First MicroCredit Company (FMCC), Oxus

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending loans totaling the following amounts in phases over three years: the euro equivalent of USD 1.15 million to First MicroCredit Company (FMCC) and the euro equivalent of USD 574,000 to Oxus Kyrgyzstan.

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GGAMF) Loans $6m to Proximity, BRAC, Vision Fund for Microlending in Myanmar

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending loans totaling the following amounts in phases over three years: the euro equivalent of USD 2.96 million to Myanmar’s Proximity Finance; the euro equivalent of USD 1.60 million to BRAC Myanmar; and the euro equivalent to USD 1.37 million to VisionFund Myanmar.