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).

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.

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).

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.

MICROCAPITAL BRIEF: Capital Gestion Microfinance Fund Recognized by Luxembourg Fund Labeling Agency

Capital Gestion Microfinance Fund, which is managed by Banque de Luxembourg Investments, has obtained a “Microfinance Label” from the Luxembourg Fund Labeling Agency (LuxFLAG), a microfinance investment vehicle (MIV) certification organization.

MICROCAPITAL BRIEF: 15 Caribbean Microfinance Institutions to Benefit from $2m Phase Two of Caribbean Microfinance Capacity Building Project (CARIB-CAP II)

Fifteen microfinance institutions in the Caribbean have recently become beneficiaries of a USD 2.7 million technical cooperation fund that will provide customized staff training programmes.

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.

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.

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.

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.

MICROCAPITAL BRIEF: Sonata Finance of India Raises $6m in Equity from Creation Investments, Michael and Susan Dell Foundation, Individual Investors

Sonata Finance Private Limited, an Indian microfinance institution (MFI) that serves India’s northern states, recently announced that it has closed a Series D equity raise of INR 350 million (USD 6.71 million).

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.

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.

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.

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.