Category: Investment Funds

MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $2.5m to KazMicroFinance of Kazakhstan, Imon International of Tajikistan, Frontiers of Kyrgyzstan, Thaneakea Phum of Cambodia

Absolute Portfolio Management GmbH (APM), Austrian-based investment and asset management company that offers microfinance institutions (MFIs) financing and investment strategy advisory services, recently disbursed a loan of USD 1 million to KazMicroFinance (KMF), a microfinance institution (MFI) in Kazakhstan, via the Dual Return Fund, a sub-fund of Vision Microfinance created by APM that issues direct loans to MFIs in developing countries. Continue reading

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MICROCAPITAL BRIEF: Absolute Dual Return-Vision Microfinance Fund Invests $3.2m in FINCA Russia, AzerCredit of Azerbaijan, Bank Constanta of Georgia, Mikrofin of Bosnia and Herzegovina

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance and asset management, recently disbursed USD 3.2 million in loans to microfinance institutions (MFIs) in Russia, Azerbaijan, Georgia, and Bosnia and Herzegovina through a microfinance investment vehicle that it manages, the Dual Return-Vision Microfinance Fund. Continue reading

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MICROCAPITAL BRIEF: Equitas of India Receives $9.3m from MicroVentures, India Financial Inclusion Funds

Equitas Holdings, a microfinance institution (MFI) based in Chennai, India, raised INR 500 million (USD 9.26 million) from MicroVentures India and India Financial Inclusion Fund, two funds dedicated to supporting the Indian microfinance industry. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation Aims to Boost Entrepreneurship in Romania with $10m Loan to Patria Credit

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently agreed to loan RON 36.6 million (USD 10.3 million) to Patria Credit, a non-banking microfinance institution in Romania, with the goal of enhancing access to finance for micro- and small-scale entrepreneurs in Romania. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Analysis of Microfinance Investment Vehicles; Female Microfinance Clients in Pakistan; Life Microinsurance in the Philippines

“The State of Microfinance Investment 2012: MicroRate’s 7th Annual Survey and Analysis of MIVs;” published by MicroRate; October 2012; 17 pages; available at: http://www.microrate.com/downloads/78 Continue reading

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MICROCAPITAL BRIEF: Oxfam, City of London, Symbiotics Invest $1.6m in Xac Leasing of Mongolia through Small Enterprise Impact Investing Fund (SEIIF)

Oxfam UK, a UK-based charity, City of London and Symbiotics, a Swiss microfinance investment intermediary, recently launched a joint initiative known as the Small Enterprise Impact Investing Fund (SEIIF). SEIIF is intended to deliver measurable social as well as financial returns to its stakeholders by investing in small and medium-sized enterprises (SMEs) through financial intermediaries operating in developing countries. Continue reading

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MICROCAPITAL BRIEF: Government Savings Bank of Thailand Expands Microfinance Services in Border Areas

Government Savings Bank (GSB), a government-owned bank providing personal and corporate services in Thailand, reportedly plans to offer new microfinance products and otherwise expand services in advance of the anticipated 2015 launch of the Association of South East Asian Nations (ASEAN) Economic Community (AEC). Continue reading

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MICROCAPITAL BRIEF: Development and Employment Fund (DEF) of Jordan Offers $5m in Grants to Microfund for Women (MFW), Ahli Microfinance Company (AMC)

The Development and Employment Fund (DEF), a provider of retail and wholesale microfinance services backed by the Jordanian government, reportedly has offered grants totaling JOD 3.5 million (USD 5 million) to the Microfund for Women (MFW) and the Ahli Microfinance Company (AMC), two microfinance providers in Jordan. Continue reading
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MICROCAPITAL BRIEF: responsAbility Social Investments Loans $8m to Prasac of Cambodia, $1m to ASKI of the Philippines

ResponsAbility Social Investments, a for-profit Swiss fund manager, recently disbursed USD 8 million in debt to Prasac, a microfinance institution (MFI) in Cambodia. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $18m in Equitas Microfinance India, Private Equity Funds Looking to Invest in Indian Microfinance Institutions

The International Finance Corporation, a member of the World Bank Group, reportedly has proposed investing INR 1 billion (USD 18.9 million) in Equitas Microfinance India, an Indian microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Social Investments Loans $1.5m to AccessBank Tanzania, $1.3m to EKI of Bosnia and Herzegovina

ResponsAbility Social Investments, a Swiss investment company, recently informed MicroCapital that it has loaned USD 1 million through the responsAbility Global Microfinance Fund (rAGMF), one of the microfinance investment  vehicles (MIVs) it manages, to AccessBank Tanzania, a commercial bank established as part of Germany’s AccessHolding in 2007. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Funds Invest $2m in ProEmpresa of Peru, $1.5m in COAC Progreso of Ecuador

ResponsAbility Social Investments, a Swiss investment company, recently informed MicroCapital that it has disbursed the local-currency equivalent of USD 1.3 million in debt to ProEmpresa, a Peruvian microfinance institution (MFI), through the responsAbility Global Microfinance Fund (rAGMF), one of the microfinance investment vehicles (MIVs) it manages. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Housing Microfinance in Peru with $45m Investment in BBVA Continental

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, and BBVA Continental, a commercial bank in Lima, Peru, recently entered into a USD 75 million loan agreement to boost renewable energy and mortgage financing in the country. Continue reading

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MICROCAPITAL BRIEF: MF Banka Receives $5.2m from European Bank of Reconstruction and Development for Small Businesses in Bosnia, Herzgovina

The European Bank of Reconstruction and Development (EBRD), a UK-based funder of institutions that support micro- and small businesses, recently disbursed EUR 4 million (USD 5.18 million) to MF Banka, a subsidiary bank of Bosnian and Herzegovinian microfinance institution (MFI) Mikrofin. Continue reading

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