Category: Investment Funds

MICROCAPITAL BRIEF: Citibank Launches Website for Practitioners and Researchers in the Field of Financial Capability

Citibank has launched a website built for practitioners and researchers working in the field of “financial capability”, which encompasses financial literacy, economic behavior change, financial inclusion and asset building and preservation. Continue reading

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MICROCAPITAL BRIEF: Standard Chartered Bank Tanzania Arranges, USAID Guarantees Local-Currency Bond for Tanzanian Microfinance Institution (MFI) Promotion for Rural Initiatives and Enterprise Limited (PRIDE Tanzania)

Standard Chartered Bank Tanzania, a division of the London-based international bank Standard Chartered PLC, recently arranged a bond issue for Tanzanian microfinance institution (MFI) Promotion for Rural Initiatives and Enterprise Limited (PRIDE Tanzania), which is reportedly the first MFI bond ever issued on the Tanzania Stock Exchange. Continue reading

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MICROCAPITAL BRIEF: REGMIFA Invests $13m in Microfinance Institutions (MFIs) Sinapi Aba Trust and First Allied Savings and Loans of Ghana, Kenya Women Finance Trust, Faulu Kenya, FINCA Tanzania, Programme d’Appui aux Mutuelles d’Epargne et de Credit au Senegal (PAMECAS)

The Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF (REGMIFA), a Luxembourg-based fund that seeks to invest in micro-, small and medium sized enterprises (MSMEs) in Africa, has announced investments totaling USD 13.5 million in microfinance institutions (MFIs) Sinapi Aba Trust and First Allied Savings and Loans of Ghana; Kenya Women Finance Trust; Faulu Kenya; FINCA Tanzania, an affiliate of FINCA International, a microfinance network serving 700,000 people through subsidiaries in 21 countries; and Programme d’Appui aux Mutuelles d’Epargne et de Credit au Senegal (PAMECAS). Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $6m in Microfinance Institution (MFI) ACBA-Credit Agricole Bank CJSC and ACBA Leasing of Armenia

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made five debt investments in microfinance institution (MFI) ACBA-Credit Agricole Bank CJSC (ACBA) and its subsidiary leasing branch, ACBA Leasing. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Invests $5.5m in Fondo de Desarrollo Local (FDL) of Nicaragua, First Allied Savings and Loans Limited (FASL) of Ghana and AB Microfinance Bank of Nigeria

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $6.5m in Microfinance Institutions (MFIs) COAC Progreso of Ecuador, Pagasa of the Philippines and Vision Banco of Paraguay

responsAbility Social Investments AG (responsAbility), an investment manager based in Switzerland, reported to MicroCapital that it has provided a total of USD 6.5 million in debt financing to COAC Progreso, Pagasa and Vision Banco. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) of the United Kingdom Loans $50m to Russian Automotive Leasing Company Europlan to Meet Demand From Small and Medium-Sized Enterprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), an investment bank headquartered in the United Kingdom, will loan up to RUB 1.5 billion (USD 50 million) to Europlan, a Russian automotive leasing company, to meet rising demand for leases from small and medium-sized enterprises (SMEs) in Russia. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments Loans $2.67m to Mexican Microfinance Institution (MFI) KapitalMujer and Crezcamos of Colombia

Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned a total of USD 2.67 million to microfinance institutions (MFIs) KapitalMujer and Crezcamos Colombia. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments Invests $12.4m in Microfinance Institutions (MFIs) ProCredit Holding and Visionfund Cambodia

Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance?Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned USD 12.4 million in total to microfinance institutions (MFIs) ProCredit Holding and Visionfund Cambodia in October. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $800k in Microfinance Institutions Crystal Fund of Georgia and Oxus Microfinance of Tajikistan

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made three debt investments totaling USD 800,000 in microfinance institutions (MFIs) Oxus Microfinance of Tajikistan and Crystal Fund of Georgia. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans NLB Prishtina of Kosovo and ProCredit Bank Serbia $34.9m

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has reported to MicroCapital that it loaned NLB Prishtina, a commercial bank based in Kosovo, and ProCredit Bank Serbia, a development-oriented bank, a total of USD 34.9 million. Continue reading

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MICROCAPITAL BRIEF: Advans SA Set to Open Microfinance Bank (MFB) Advans Bank Tanzania in December 2010

Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg that mobilizes funds for microfinance institutions (MFIs), has announced that it has scheduled the opening of the first branch of its sixth microfinance bank (MFB), Advans Bank Tanzania, in Dar es Salaam in December of this year. Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor), LuxFLAG, United Nations Principles for Responsible Investment (UNPRI), Eurosif Partner to Award Three Microfinance Investment Vehicle (MIV) Environmental, Social and Governance (ESG) Awards

CGAP (Consultative Group to Assist the Poor), an independent policy and research center dedicated to providing financial access for the world’s poor, has teamed up with the United Nation’s Principles for Responsible Investment (UNPRI), a network of international investors created under the auspices of the UN to promote the practice of responsible investing; LuxFLAG, an organization that certifies that microfinance vehicles (MIVs) actually invest in the microfinance sector; and the European Social Investment Forum (Eurosif), a pan-European network aiming to foster sustainable development through European financial markets, to create the CGAP Microfinance Investment Vehicle (MIV) Environmental, Social and Governance (ESG) Awards. Continue reading

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MICROCAPITAL BRIEF: United Kingdom’s CDC Group Invests $10m in Lok Capital II, Private Equity Fund Focused on Microfinance in India

CDC Group, the UK’s government-owned development finance institution, recently invested USD 10 million in Lok Capital II, a private equity fund managed by Lok Capital, partner organization of the non profit Lok Foundation based in New York City, USA. Continue reading

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MICROCAPITAL BRIEF: Norwegian Microfinance Initiative (NMI) Invests $4.5m in Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT-DTM) and Uganda Finance Trust (UFT)

The Norwegian Microfinance Initiative (NMI), a partnership between the Norwegian public and private sectors that provides assistance for microfinance institutions (MFIs) in developing countries, recently loaned KES 325 million (approximately USD 4.03 million) to Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT- DTM), a microfinance institution based in Nairobi, Kenya, and UGX 1.25 billion (approximately USD 548,000) to the Uganda Finance Trust (UFT), an MFI in Kampala, Uganda, to support microenterprises. Continue reading

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