Category: Investment Funds

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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MICROCAPITAL BRIEF: Luxembourg Find Labeling Agency (LuxFLAG) Grants Label to Microfinance Investment Vehicles (MIVs) KCD-Mikrofinanzfonds I Global, KCD Mikrofinanz Fonds II Latin America, Finethic Microfinance SCA, Triodos SICAV II and Wallberg Global Microfinance Fund

The Luxembourg Fund Labeling Agency (LuxFLAG), an independent organization that certifies that microfinance vehicles (MIVs) actually invest in the microfinance sector, announced that it has granted the LuxFLAG Microfinance Label to five MIVs: KCD-Mikrofinanzfonds I Global and KCD Mikrofinanzfonds II Latin America of Luxembourg; Finethic Microfinance SCA of Switzerland; Triodos SICAV II (Triodos Microfinance Fund) of the Netherlands and Wallberg Global Microfinance Fund of Luxembourg. Continue reading

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MICROCAPITAL BRIEF: United States Nonprofit Global Partnerships Closes Social Investment Fund 2010, Will Invest $20m in Latin American Microfinance Institutions Over Five Years

Global Partnerships, a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it has closed Social Investment Fund 2010 (SIF 2010), its fourth social investment fund, at USD 20 million. Continue reading

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MICROCAPITAL BRIEF: Impact Investment Fund Managers Calvert, Cordes and Giving Assets Plan to Establish “Global Impact 50” Alongside Rockefeller Foundation to Measure Social, Environmental and Financial Impacts of Impact Investment

A group of United States-based impact investment fund managers, namely the Calvert Foundation, the Cordes Foundation and Giving Assets Inc, recently announced plans to collaboratively establish the Global Impact 50, a global index for measuring the social, environmental and financial impacts of the top 50 impact investment fund managers. Continue reading

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MICROCAPITAL BRIEF: Social Investment Company responsAbility Invests $5.5m in Microfinance Institutions (MFIs) Prasac of Cambodia and Credit Mongol of Mongolia

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made five debt investments totaling USD 5.5 million in microfinance institutions (MFIs) Prasac of Cambodia and Credit Mongol of Mongolia. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe Makes Investments Totaling $17m in Banka Kombetare Tregtare of Albania

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV), has announced to MicroCapital that it made two debt investments in Banka Kombetare Tregtare (BKT) ShA (Joint Stock Company), a private commercial bank in Albania, in September 2010. Continue reading

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MICROCAPITAL BRIEF: Social Investment Company responsAbility Makes Debt Investments Totaling $2.8m in Microfinance Institutions (MFIs) Pearl Microfinance Limited of Uganda and fondiBESA of Albania

responsAbility Social Investments AG (responsAbility), a social investment company founded in 2003 in Switzerland, reported to MicroCapital that it made two debt investments during the month of September totaling EUR 1 million (USD 1.3 million) in microfinance institution (MFI) fondiBESA of Albania and a third debt investment of USD 1.5 million in Pearl Microfinance Limited of Uganda. Continue reading

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MICROCAPITAL BRIEF: Microfinance Sector in Kyrgyzstan Continues to Grow Despite Previous Political and Ethnic Violence

Despite the political unrest and ethnic violence in Kyrgyzstan earlier this year, the Association of Microfinance Institutions (AMFI) of Kyrgyzstan, a network of 19 microfinance institutions (MFIs) launched in 2005, reports that the Kyrgyz microfinance sector continues to steadily grow. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments AG Makes Debt Investments Totaling $1.7m in MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador. Continue reading

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