Category: Investment Funds

MICROCAPITAL BRIEF: Zwitserleven, Spoorweg Pensioenfonds, Pensioenfonds Openbaar Vervoer Invest in $135m SME Finance Fund of Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO), Samenwerkende Nederlandse Spaarbanken (SNS) Impact Investing

Dutch pension insurer Zwitserleven, Dutch railway pension fund Spoorweg Pensioenfonds and Dutch public transport pension fund Pensioenfonds Openbaar Vervoer recently made the initial deposits to a Small and Medium Enterprise (SME) Finance Fund that has received a total of EUR 100 million (USD 134.5 million) for its first close from these and other undisclosed investors. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Zwitserleven, Spoorweg Pensioenfonds, Pensioenfonds Openbaar Vervoer Invest in $135m SME Finance Fund of Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO), Samenwerkende Nederlandse Spaarbanken (SNS) Impact Investing Posted in Deals, Investment Funds

MICROCAPITAL BRIEF: Accion Venture Lab Invests in Kenyan Mobile Money System Kopo Kopo, MeraDoctor of India

US-based nonprofit Accion has announced that its Accion Venture Lab, a USD 10 million investment vehicle that provides seed capital and management support to financial inclusion startups, has invested unspecified amounts of money in two companies: Kopo Kopo, a Kenya-based service that allows small businesses to accept customer payments through mobile phone; and MeraDoctor, which provides low-cost health insurance in India as well as 24-hour access to doctors by telephone that is intended to lessen health impacts by reducing delays in seeking care [1]. Continue reading

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MICROCAPITAL BRIEF: Incofin Investment Management Seeking to Raise $200m for “agRIF” Fund for Small-Scale Agriculture

Incofin Investment Management (Incofin IM), a Belgium-based manager of microfinance investment funds including two “Rural Impulse Funds” (RIFs), has announced the launch of “agRIF”, which is targeted to raise USD 200 million to invest in institutions that provide financial services to “small-scale” farmers [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Incofin Investment Management Seeking to Raise $200m for “agRIF” Fund for Small-Scale Agriculture Posted in Investment Funds, Key Players

MICROCAPITAL BRIEF: Absolute Portfolio Management’s Dual Return Funds Loan $19m to Microfinance Institutions in Armenia, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Georgia, India, Kazakhstan, Mongolia

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently informed MicroCapital that it issued loans equivalent to approximately USD 19 million during November 2013 through the Dual Return Funds it manages to microfinance institutions in Armenia, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Georgia, India, Kazakhstan and Mongolia [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Absolute Portfolio Management’s Dual Return Funds Loan $19m to Microfinance Institutions in Armenia, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Georgia, India, Kazakhstan, Mongolia Posted in Eastern Europe and Central Asia, Investment Funds

MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos

The Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International, has announced that it has raised USD 48 million in a second round of investments [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos Posted in Deals, Investment Funds, Key Players

MICROCAPITAL BRIEF: Oxus Democratic Republic of Congo Opens New Branch, Increases Total Capital to $2.7m

Oxus Democratic Republic of Congo (DRC), a microfinance institution (MFI) that opened in the Democratic Republic of Congo in May 2012, recently raised an unspecified amount of funds to bring its total capital to USD 2.7 million. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Oxus Democratic Republic of Congo Opens New Branch, Increases Total Capital to $2.7m Posted in Africa, Investment Funds

MICROFINANCE PAPER WRAP-UP: “The State of Microfinance Investment 2013,” Published by MicroRate

MicroRate, a for-profit microfinance rating agency based in the U.S., has recently released its eighth annual survey of international microfinance investment vehicles (MIVs). Continue reading

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MICROCAPITAL BRIEF: Triodos Investment Management of the Netherlands Sells Stake in Mongolian TenGer Financial Group to Orix, International Finance Corporation (IFC), Mongolyn Alt Group

Triodos Investment Management, a subsidiary of financial service provider Triodos Bank of the Netherlands, recently announced that it has sold the majority of its 13.5% equity stake in TenGer Financial Group, a Mongolia-based microfinance institution, through its Triodos-Doen and Triodos Fair Share Funds [1]. Continue reading

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SPECIAL REPORT: Overcoming Barriers to Agricultural Microfinance

At European Microfinance Week, which is hosted by Luxembourg’s 140-member European Microfinance Platform (e-MFP), Daniela Rottger, a consultant to German development finance institution Deutsche Investitions-und Entwicklungsgesellschaft (DEG), spoke Wednesday about her study of the agricultural lending products offered by several African banks and microlenders. Continue reading

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SPECIAL REPORT: “Making Microfinance Investment Responsible” Group Wrestles with Inconsistent Data Reporting at European Microfinance Week

On this first day of European Microfinance Week, which is hosted by the 140-member European Microfinance Platform (e-MFP) of Luxembourg, e-MFP’s “Making Microfinance Investment Responsible” Action Group convened to work on the data it has collected on client protection from 10 microfinance investors, rating agencies and NGOs. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Lends $10m to Megabank of Ukraine to Support Agricultural Lending

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently issued a senior loan of USD 10 million to Megabank, a financial service provider in Ukraine, to increase its agricultural lending and strengthen its position in the market [1]. Continue reading

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MICROCAPITAL BRIEF: Developpement International Desjardins (DID) Loans $1m to Microfinance Institution (MFI) Humo & Partners of Tajikistan

Developpement International Desjardins (DID), a nonprofit subsidiary of Canadian cooperative Desjardins Group, has provided a senior loan of USD 1 million to Humo & Partners, a Tajikistan-based microfinance institution, to expand its portfolio. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $3m Equity Investment in Bina Usaha Keluarga (BUK) of Indonesia, Seeking to Triple Female Clients of Microfinance Institution Mitra Bisnis Keluarga Ventura (MBK)

Bina Usaha Keluarga (BUK), the Indonesia-based controlling shareholder of Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution (MFI) in the same country, recently received an equity infusion of IDR 34.3 billion (USD 3 million) from the International Finance Corporation (IFC), a US-based international financial institution and a member of the US-based World Bank Group, to triple the number of female clients of MBK. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $3m Equity Investment in Bina Usaha Keluarga (BUK) of Indonesia, Seeking to Triple Female Clients of Microfinance Institution Mitra Bisnis Keluarga Ventura (MBK) Posted in Deals, Investment Funds, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: responsAbility Investments Loans $5m to Microfinance Institution Edpyme Raiz of Peru

Switzerland-based investment company responsAbility Investments AG recently notified MicroCapital that it has made a senior loan of USD 5 million to Edpyme Raiz, a microfinance institution (MFI) in Peru that provides loans to micro- and small enterprises [1]. Continue reading

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MICROCAPITAL BRIEF: Goodwell West Africa Invests Equity in MicroCred Microfinance Bank Nigeria

Goodwell West Africa, a private equity fund managed by Netherlands-based social investment company Goodwell Investments and Nigeria-based investment management and advisory firm Alitheia Capital, has announced that it will be investing equity of an unspecified amount in Microcred Microfinance Bank (MFB) Nigeria, a member of the France-based MicroCred Group [1]. Continue reading

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MICROCAPITAL BRIEF: Goodwell West Africa Invests Equity in Mainstreet Microfinance Bank of Nigeria

Goodwell West Africa, a private equity fund managed by Netherlands-based social investment company Goodwell Investments and Nigeria-based investment management and advisory firm Alitheia Capital, has announced that it will be making an equity investment of an unspecified amount in Mainstreet Microfinance Bank (MFB), a microfinance institution in Nigeria [1]. Continue reading

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MICROCAPITAL BRIEF: United Bank of Switzerland (UBS) Launches “Impact Investing SME Focus Fund”

The United Bank of Switzerland (UBS), a Swiss financial services company, reportedly has launched an impact investment fund, named the “Impact Investing SME Focus Fund,” which will invest in small and medium-sized enterprises (SMEs) in unspecified emerging and frontier markets. Continue reading

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MICROCAPITAL BRIEF: Micro Housing Finance Corporation (MHFC) Raises $5.6m in Equity from Michael and Susan Dell Foundation, India Financial Inclusion Fund, Unilazer Ventures

The Micro Housing Finance Corporation (MHFC), an India-based finance company that provides housing loans of up to INR 500,000 (USD 8,040), recently announced that it has raised INR 35 million (USD 5.62 million) in equity. Continue reading

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