Category: Investment Funds

MICROCAPITAL BRIEF: IFC Invests $10m in CoreCo Central America Fund to Support SMEs

CoreCo Central America Fund I, a private equity fund based in Guatemala that invests in small and medium-sized enterprises (SMEs) in Central America, recently received an equity investment of USD 10 million from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $8m to Microfinance Institutions in Azerbaijan, Cambodia, Ecuador, Indonesia, Kazakhstan, Tajikistan

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance, recently disbursed loans to unspecified microfinance institutions (MFIs) in Asia, Eastern Europe and South America. Continue reading

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MICROCAPITAL BRIEF: Developpement international Desjardins, Desjardins Fund for Inclusive Finance Loan $1.5m to Fundacion para el Desarollo Integral Espoir of Ecuador

Fundacion para el Desarollo Integral Espoir, a nongovernmental organization (NGO) offering economic and social development services to poor female entrepreneurs in Ecuador, recently borrowed USD 1.5 million jointly from Developpement international Desjardins (DID) and Desjardins Fund for Inclusive Finance, two members of Desjardins Group, a cooperative financial institution based in Canada. Continue reading

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MICROCAPITAL BRIEF: Incofin Funds Take Stakes in EDPYME Solidaridad of Peru, FIDES Bank of Namibia, ACEP-Burkina of Burkina Faso

The Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) managed by Incofin Investment Management (IM) of Belgium, has acquired an 8.2-percent equity stake in Peru’s Empresa de Desarrollo de la Pequeña y Micro Empresa (EDPYME) Solidaridad, a non-bank financial institution that is held by the nonprofit organization Caritas del Peru. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Invests $100k in Bank Eskhata of Tajikistan, $1.5m in Mitra Bisnis Keluarga (MBK) Ventura of Indonesia

ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 100,000 in debt to Bank Eskhata of Tajikistan. Continue reading

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MICROCAPITAL BRIEF: Incofin Rural Impulse Fund II Completes Equity Investment in Microfinance Institution Azercredit of Azerbaijan, Volksvermogen Raises Stake to 10% in ProEmpresa of Peru

The Incofin Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) that mobilizes capital for rural microfinance institutions (MFIs), recently completed an equity investment of an undisclosed amount in Azercredit, an Azerbaijani MFI. Continue reading

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MICROCAPITAL BRIEF: BlueOrchard Finance, Belgian Investment Company for Developing Countries (BIO), Opportunity International Announce New CEOs

BlueOrchard Finance SA, a Swiss microfinance investment manager; Belgian Investment Company for Developing Countries (BIO), a public-private partnership established by the Belgian government; and Opportunity International, a US-based nonprofit organization, all recently announced new CEOs. Continue reading

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MICROCAPITAL BRIEF: Hypo Alpe Adria Group, ResponsAbility Social Investments AG Approve Loans Totaling $7m to Microcredit Foundation Prizma of Bosnia and Herzegovina

Hypo Alpe Adria Group, a state-owned Austrian financial group, and ResponsAbility Social Investments, a Swiss investment organization founded in 2003, approved loans of BAM 5 million (USD 3.2 million) and EUR 3 million (USD 3.7 million), respectively, to Microcredit Foundation Prizma, a microcredit organization operating in rural Bosnia and Herzegovina. The funds will be used to expand Prizma’s operations. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $10m to ProCredit Bank of Georgia

European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) investing in 16 countries in Europe and Asia, has reported to MicroCapital that it has loaned USD 10 million to ProCredit Bank of Georgia, a bank serving Georgian small and medium-sized enterprises (SMEs). Continue reading

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MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) to Place Equity Investment, Grant in Microfinance Institution ACME of Haiti

The Multilateral Investment Fund, an autonomous fund administered by the US-based Inter-American Development Bank, has approved an equity investment of an undisclosed amount in Haitian microfinance institution (MFI) Association pour la Cooperation avec la Micro Enterprise (ACME). Continue reading

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MICROCAPITAL BRIEF: Multilateral Investment Fund Places $5m in Equity in Fund for Mexican SMEs

The Multilateral Investment Fund (MIF), an autonomous fund that was founded in 1993 by the US-based Inter-American Development Bank (IDB), has made a USD 5 million equity investment in Mexico Development Fund I (MDF-I), a venture capital fund focused on small and medium-sized Mexican businesses providing education, financial or retail services. MDF-I is managed by PC Capital Partners, a financial services firm based in Mexico.  Continue reading

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MICROCAPITAL BRIEF: European Progress Microfinance Facility Signs 20th Intermediary, Reaches $98m Committed

The European Progress Microfinance Facility, an organization managed by the European Investment Fund (EIF) with the aim of increasing the availability of microcredit for small businesses, has signed its 20th microfinance intermediary, Italy-based credit cooperative Banco di Credito Mediocrati. Continue reading

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MICROCAPITAL BRIEF: responsAbility Loans $7.8m to ProCredit Moldova, $1.2m to Noa of Albania

In June, responsAbility Social Investments AG, a Swiss investment company, made debt investments totaling USD 7.8 million in ProCredit Moldova, a subsidiary of Germany’s ProCredit Group. As of 2011, ProCredit Moldova has assets totaling USD 150 million, USD 117 million in loans outstanding, return on equity of 8.8 percent and USD 43.6 million customer deposits. Continue reading

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MICROCAPITAL BRIEF: Ugandan Agribusiness Initiative (aBi) Trust Grants $60k to Masaka Microfinance Development Cooperative (MAMIDECOT) to Open Branch in Rakai

The Agribusiness Initiative (aBi) Trust, a nonprofit in Uganda that supports private-sector agriculture, has contributed UGX 149 million (USD 60,000) to Masaka Microfinance Development Cooperative (MAMIDECOT), a Ugandan microfinance institution (MFI), for the establishment of a new branch in the Bukunda trading centre in Rakai, the district that neighbors Masaka to the west. Continue reading

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