Category: Investment Funds

MICROCAPITAL BRIEF: Luxembourg Microfinance and Development Fund; Regional Micro-, Small and Medium-Sized Enterprise (MSME) Fund for Sub-Saharan Africa; Rural Impulse Fund II Receive LuxFLAG Microfinance Label

The Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether microfinance investment vehicles (MIVs) actually support the microfinance sector, recently awarded its microfinance label to three MIVs for the first time. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Luxembourg Microfinance and Development Fund; Regional Micro-, Small and Medium-Sized Enterprise (MSME) Fund for Sub-Saharan Africa; Rural Impulse Fund II Receive LuxFLAG Microfinance Label Posted in Investment Funds, Key Players

MICROCAPITAL BRIEF: Social Venture Capital Firm Dia Vikas Capital Makes Investments Totaling $6.1m in Indian Microfinance Institutions (MFIs) BWDA Finance Limited, Rashtriya Gramin Vikas Nidhi North East, ESAF Microfinance and Investment Private Limited, Cashpor Microcredit

Indian social venture firm and subsidiary of nonprofit Opportunity International Australia, Dia Vikas Capital recently invested INR 278 million (USD 6.1 million) in equity and debt and across four microfinance institutions (MFIs) in India. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Social Venture Capital Firm Dia Vikas Capital Makes Investments Totaling $6.1m in Indian Microfinance Institutions (MFIs) BWDA Finance Limited, Rashtriya Gramin Vikas Nidhi North East, ESAF Microfinance and Investment Private Limited, Cashpor Microcredit Posted in Deals, Investment Funds, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Loans $15m to FINCA International Subsidiaries in Azerbaijan, Georgia, Kyrgyzstan

responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested USD 15 million in debt in FINCA International subsidiaries in Azerbaijan, Georgia and Kyrgyzstan. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2]. Continue reading

Share

MICROCAPITAL BRIEF: Belgian Investment Company for Developing Countries (BIO) Loans $5m to Costa Rican Bank Banco Improsa for Central American Small and Medium-Sized Enterprises (SMEs)

The Belgian Investment Company for Developing Countries (BIO), a public-private institution that was established in 2001, recently loaned USD 5 million to Banco Improsa, a Costa Rican bank focusing on small and medium-sized enterprises (SMEs), in an effort to support the growth of the bank’s leasing business in Nicaragua, Honduras, El Salvador and Guatemala. The investment by BIO is in the form of a senior loan. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Belgian Investment Company for Developing Countries (BIO) Loans $5m to Costa Rican Bank Banco Improsa for Central American Small and Medium-Sized Enterprises (SMEs) Posted in Deals, Investment Funds, Latin America

MICROCAPITAL BRIEF: MicroCred Group of France Releases 2010 Financial Results, Announces Plans for 2011

MicroCred Group, a microfinance investment company created by French NGO PlaNet Finance, has released its 2010 results.

For 2010, MicroCred reports a total balance sheet increase of 75 percent and an outstanding loan portfolio of EUR 43.3 million (USD 62.5 million), an increase of 73 percent compared with 2009 [1]. MicroCred reports a increase in savings deposits of 451 percent as compared with 2009 to EUR 12.7 million (USD 18.3 million) saved by 60,870 clients in 2010 [1]. Continue reading

Share

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $8.4m Bond Issuance of Housing Developer Vinte Viviendas Integrales of Mexico, Anticipates 2,200 Jobs Created

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced a 50 percent credit guarantee to a bond issuance in the amount of MXN 100 million (USD 8.4 million) offered by Vinte Viviendas Integrales, a housing developer in Mexico. Sergio Leal, Vinte’s CEO said that, “IFC’s structured financing will help Vinte access a new type of institutional investor to help expand our portfolio of affordable-housing projects.” [1] Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $8.4m Bond Issuance of Housing Developer Vinte Viviendas Integrales of Mexico, Anticipates 2,200 Jobs Created Posted in Deals, Investment Funds, Key Players, Latin America

MICROCAPITAL BRIEF: Goodwell Investments Expands Beyond Microfinance to Include SME Finance, Health, Renewable Energy

Goodwell Investments, a business development company based in the Netherlands, has announced that it will expand the scope of its impact investing services from a focus on microfinance to include small and medium-sized enterprise finance, water & sanitation, health care and renewable energy [1]. Continue reading

Share

MICROCAPITAL BRIEF: BlueOrchard Loans $3m to Microfinance Institutions (MFIs) AccessBank of Tajikistan, LOLC Micro Credit Limited (LOMC) of Sri Lanka

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently made loans totaling USD 3 million to microfinance institutions (MFIs) in Tajikistan and Sri Lanka. Continue reading

Share

MICROCAPITAL BRIEF: “Principles for Investors in Inclusive Finance” (PIIF) Created as Separate Work Stream Within United Nations’ Principles for Responsible Investment (PRI); CGAP (Consultative Group to Assist the Poor), Global Impact Investing Network (GIIN) Standards Observed

The Principles for Investors in Inclusive Finance (PIIF) initiative has been created as a separate work stream housed within the United Nations’ (UN) Principles for Responsible Investment (PRI), a set of principles devised in 2005 by 20 institutional investors to encourage investors to incorporate environmental, social and corporate governance (ESG) issues into their internal policies and investment strategies. (As of February 2011, UNPRI has 876 signatory investors). PIIF provides a framework for responsible investment focusing on providing access to finance to poor and vulnerable populations. The seven principles of PIIF and its charter signatories are listed in the February 2011 MicroCapital.org story announcing the launch of the initiative: http://www.microcapital.org/microcapital-special-report-%E2%80%9Cprinciples-for-investors-in-inclusive-finance%E2%80%9D-launched-at-responsible-finance-forum-in-the-hague-netherlands/ [2]. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: “Principles for Investors in Inclusive Finance” (PIIF) Created as Separate Work Stream Within United Nations’ Principles for Responsible Investment (PRI); CGAP (Consultative Group to Assist the Poor), Global Impact Investing Network (GIIN) Standards Observed Posted in Investment Funds, Key Players, Regulation, Transparency, Trends/Challenges

MICROCAPITAL EVENT: Hanson Wade Hosts Transformational Microfinance LATAM in Mexico City, Mexico, May 17 – May 19, 2011

Event Name: Transformational Microfinance LATAM

Event Date: May 17 – May 19, 2011

Event Location: Mexico City, Mexico Continue reading

Share

MICROCAPITAL EVENT: Social Investment Organization (SIO) Presents Canadian Responsible Investment Conference 2011 in Victoria, British Columbia, Canada, June 20 – June 22, 2011

Event Name: Canadian Responsible Investment Conference 2011

Event Date: June 20 – June 22, 2011

Event Location: Victoria, British Columbia, Canada Continue reading

Share

MICROCAPITAL EVENT: Intellecap Presents Sankalp 2011: Social Enterprise & Investment Forum in Mumbai, India, May 5 – May 6, 2011

Event Name: Sankalp 2011: Social Enterprise & Investment Forum

Event Date: May 5 – May 6, 2011

Event Location: Mumbai, India Continue reading

Share

MICROCAPITAL EVENT: Africa Investor Hosts Investors’ Summit on Social Investing and Social Enterprise in Africa, Capetown, South Africa, May 3, 2011

Event Name: Investors’ Summit on Social Investing and Social Enterprise in Africa – Incorporating Sukuma Afrika Millennium Development Goals (MDG) Awards

Event Date: May 3, 2011

Event Location: Capetown, South Africa Continue reading

Share

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $21m to Microfinance Institution (MFI) ProCredit Bank Bulgaria

The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently loaned USD 21.2 million in two segments to ProCredit Bank Bulgaria, a microfinance institution (MFI) that provides financing to micro-, small and medium-sized enterprises. Continue reading

Share

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) Subscribe to Convertible Bonds Issued by Azerbaijan’s Unibank, Provider of Microfinance and Traditional Banking

European development finance institutions, European Bank for Reconstruction and Development (EBRD) and Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), have subscribed to convertible bonds issued by Unibank, a private commercial bank in Azerbaijan that provides microfinance and other services. EBRD has purchased USD 17.5 million in convertible bonds and DEG has committed to purchasing bonds worth USD 7.5 million [1]. The convertible bond facility was designed to support Unibank’s capital base as well as to provide long-term liquidity for continued lending to small and medium-sized enterprises and retail customers. The terms of the convertible bonds have not been reported. Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Institution AccessBank of Azerbaijan Receives First $10m Tranche of $20m Loan From Netherlands Development Finance Company (FMO) and Oesterreichische Entwicklungsbank AG (OeEB)

AccessBank, a microfinance institution (MFI) based in Azerbaijan, has received the first tranche of USD 10 million as part of a USD 20 million syndicated loan from Netherlands Development Finance Company (FMO), a Dutch public-private partnership that aims to promote developing economies, and Oesterreichische Entwicklungsbank AG (OeEB), the development bank of Austria. The three-year syndicated loan was organized by FMO with participation from OeEB, with each institution contributing USD 10 million. The loan will be directed to financing micro- and small businesses in Azerbaijan. Continue reading

Share

MICROCAPITAL BRIEF: European Commission’s “European Progress Microfinance Facility” Looks to Ease Access to Credit for Small-business, Signs Agreement with Mikrofond AD of Bulgaria

The European Progress Microfinance Facility, which seeks to enable microfinance institutions (MFIs) within the European Union (EU) to increase lending to entrepreneurs by issuing guarantees, loans and equity financing to MFIs, has signed an agreement to supply Bulgarian MFI Mikrofond AD with an undisclosed amount of funding [1]. Mikrofond AD was established in 1999 with the goal of financing Bulgarian entrepreneurs who do not have access to the traditional banking system. As of 2010, Mikrofond reports 10 branches and having disbursed 9,000 loans with a total value of BGN 57 million (USD 41.3 million). Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Investment Vehicle BlueOrchard Private Equity Fund Completes First Distribution to Investors of $7.5m

BlueOrchard Private Equity Fund (BOPE Fund), an investment vehicle of Switzerland-based, commercial microfinance intermediary Blue Orchard, has announced its first distribution to investors. The USD 7.5 million distribution comes three years after the fund’s first close and includes proceeds from a partial exit from indirect shareholding in TenGer Financial Group, the single owner of XacBank, a Mongolian community development bank and microfinance institution (MFI). BOPE Fund remains a direct shareholder of TenGer Financial Group which reported total assets of MNT 322 billion (USD 256 million). Continue reading

Share