The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an agreement with ACCION International, a US-based nonprofit organization, to invest USD 1 million in ACCION’s Chinese affiliate, ACCION Microfinance China (AMC). Continue Reading »
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MICROCAPITAL BRIEF: The International Finance Corporation (IFC) to Invest $1m in Equity in ACCION Microfinance China
MICROCAPITAL BRIEF: Vision’s Dual Return Fund Loans $6.2m to Microfinance Institutions in Latin America, Africa, Central Asia
Absolute Portfolio Management GmbH, an Austrian investment company, has reported that the Dual Return Fund – Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, loaned the equivalent of USD 2 million to KazMicroFinance of Khazakstan and the equivalent of USD 4.2 million to unnamed microfinance institutions (MFIs) in Kyrgyzstan, Ecuador, Uruguay and Benin. Continue Reading »
MICROCAPITAL BRIEF: Goodwell West Africa Invests $1m in Microfinance Provider Nwabiagya Community Bank of Ghana
Netherlands-based investment fund Goodwell West Africa has agreed to raise its equity share in Nwabiagya Community Bank of Ghana from 14.03 percent to 18.9 percent with a USD 1 million investment. Continue Reading »
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $34m to Banca Intesa Beograd of Serbia for Micro-and Small Enterprises
The Luxembourg-registered European Fund for Southeast Europe (EFSE) recently reported to MicroCapital that it has signed an agreement to loan EUR 25 million (USD 34 million) to Banca Intesa Beograd, a Serbian commercial bank, to boost the availability of financing to micro– and small enterprises (MSEs), including rural entrepreneurs and small agriculture producers in Serbia. Continue Reading »
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Launches “Global Engagement Call” Offering to Invest in Funds Operating in Emerging Markets
The Overseas Private Investment Corporation (OPIC), an agency of the US government, has launched a Global Engagement Call, inviting proposals from qualified fund managers to invest in new, expanding or privatizing companies in any of the 150 emerging markets where OPIC operates [1]. Continue Reading »
MICROFINANCE PAPER WRAP-UP: Microfinance Investment Vehicles in Sub-Saharan Africa: Constraints and Potentials, by Bertrand Moulin, Published by Centre for European Research in Microfinance (CERMi)
By Bertrand Moulin, published by the Centre for European Research in Microfinance (CERMi), August 2011, 20 pages, available at: http://mpra.ub.uni-muenchen.de/32967/ Continue Reading »
MICROCAPITAL BRIEF: International Finance Corporation Launches $60m Cleantech Innovation Facility to Support Green Businesses in Developing Countries
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has launched the Cleantech Innovation Facility, a USD 60 million equity financing mechanism that will provide capital and technical assistance to small, start-up companies that have products or services that mitigate carbon emissions. Continue Reading »
MICROCAPITAL BRIEF: Sustainable Enterprise Fund, Oikocredit, Grace Foundation Invest in Barefoot Power to Support Renewable Energy in Remote Indian Communities
The Sustainable Enterprise Fund, an Austrian impact venture fund managed by Ennovent, along with Oikocredit, a Dutch cooperative investment fund, and Grace Foundation, a Christian organization in Australia that invests in social enterprise-based solutions to poverty, have made an investment in Barefoot Power, an Australian for-profit enterprise that manufactures and sells lighting products, solar phone chargers and business development services for low-income populations. Continue Reading »
MICROCAPITAL BRIEF: Triple Jump Makes Equity Investments For ASN-Novib Microkreditfonds in Microfinance Institutions (MFIs) in Tanzania, Zambia, Panama
Triple Jump, a Dutch microfinance investment manager and advisor, has made equity investments on behalf of ASN-Novib Microkreditfonds, a Dutch microfinance investment vehicle, in unnamed microfinance institutions (MFIs) based in Tanzania, Zambia and Panama. Continue Reading »
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10m to UniCredit Bank of the Kyrgyz Republic
The European Bank for Reconstruction and Development (EBRD), a London-based international finance institution, has distributed a loan equivalent to USD 10 million to the Kyrgyz arm of UniCredit Bank, which is based in Italy and has operations in 22 countries, for lending to micro-small and medium-sized enterprises (MSMEs) in the Kyrgyz Republic. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO). Continue Reading »
MICROCAPITAL BRIEF: United Nations Capital Development Fund Seeks Financial, Technical Service Providers to Expand Savings Microfinance Program MicroLead
The United Nations Capital Development Fund (UNCDF), an agency that provides investment capital and technical advice to developing countries, has launched a request for applications for the expansion of its MicroLead program, which seeks to support financial service providers and technical service providers in expanding the availability of savings services to new markets in Sub-Saharan Africa [1]. Continue Reading »
MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF), Nordic Development Fund (NDF) Launch $7m Green Microfinance Program in Latin America, Caribbean
The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, has partnered with the Nordic Development Fund (NDF), a Finland-based international finance institution, to launch a USD 7 million “green microfinance” program known as Ecomicro. Continue Reading »
MICROCAPITAL BRIEF: 15 Additional Microfinance Investment Funds Commit to Global Impact Investment Ratings System
Fifteen investment funds, representing approximately USD 550 million in capital, have committed to utilize GIIRS (Global Impact Investment Ratings System) ratings, a system for assessing the social and environmental impact of investment funds. The investment funds will become members of the GIIRS Pioneer Funds, which have agreed to be among the first forty funds to receive a GIIRS Impact Rating.
MICROCAPITAL BRIEF: Georgia’s Crystal Receives $2m in Equity from Unnamed Microfinance Investment Vehicle Managed by Developing World Markets
An unnamed microfinance vehicle managed by Developing World Markets (DWM), a US-based asset manager and investment bank, has made an equity investment of USD 2 million in Joint Stock Company Microfinance Organization Crystal (JSC MFO Crystal), a microfinance institution (MFI) in Georgia that aims to reduce poverty by providing financial services to low-income people [1]. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Ventures I Invests in Healthcare Provider Por Ti, Familia of Peru
responsAbility Social Investments AG, an investment company based in Switzerland, recently announced that it is investing an undisclosed amount in private healthcare provider Por Ti, Familia (PTF) of Peru. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Lends $2.3m to Microfinance Institutions (MFIs) Coopronaranjo of Costa Rica, Fundación Amanecer of Colombia, COAC Esperanza y Progreso Del Valle of Ecuador
Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to three Latin American microfinance institutions (MFIs): USD 1.5 million to Coopronaranjo of Costa Rica, USD 500,000 to Cooperativa de Ahorro y Credito Esperanza y Progreso del Valle (COAC Progreso) of Ecuador and the local currency equivalent of USD 374,000 to Fundación Amanecer of Colombia. Continue Reading »
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Advans Ghana, KixiCrédito of Angola, TYM Fund of Vietnam, Belarusian Bank for Small Business
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in four microfinance institutions (MFIs): Advans Ghana Savings and Loans Limited, KixiCrédito of Angola, TYM Fund of Vietnam and Belarusian Bank for Small Business (BBSB) [1]. Continue Reading »












