Investment Funds | MicroCapital - Page 28
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Friday, June 18, 2010

MICROCAPITAL BRIEF: Bai Tushum & Partners and Mol Bulak, Two Microfinance Organizations, Launch Revival Foundation for Devastated Regions of Kyrgyzstan

Bai Tushum & Partners and Mol Bulak, two microfinance organizations from Kyrgyzstan, along with the domestic law firm Kalikova & Associates, have established the ‘Revival Foundation’ to provide financial assistance to the southern regions of Kyrgyzstan affected by the recent riots. The foundation will serve residents of the cities of Osh and Jalabad and surrounding areas with financial aid and interest-free loans. Continue Reading »

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Friday, June 11, 2010

MICROCAPITAL BRIEF: KfW Entwicklungsbank (KfW) and Norwegian Microfinance Initiative (NMI) Commit Total of $11.6m to Goodwell West Africa to be Invested in Microfinance Sector in Ghana and Nigeria

Goodwell West Africa, a branch of Goodwell Investments, a business development company based in the Netherlands, has received commitments of EUR 8 million (USD 9.7 million) from KfW Entwicklungsbank (KfW), a German development bank, and EUR 1.6 million (USD 1.9 million) from Norwegian Microfinance Initiative (NMI), a strategic partnership between the Norwegian public and private sectors that invests in and provides support for microfinance institutions (MFIs) in developing countries. The funds will be invested in established MFIs as well as emerging MFIs in Ghana and Nigeria. Continue Reading »

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Thursday, June 10, 2010

MICROCAPITAL BRIEF: Global Partnerships Social Investor Forum Covers Microfinance Investment

Global Partnerships, a US-based microfinance investment firm, held a forum on June 8 in Bellevue, Washington, that covered the organization’s efforts to reduce poverty in Latin America while offering investors a fixed rate of return. Continue Reading »

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Wednesday, June 9, 2010

MICROCAPITAL BRIEF: CGAP Releases Guide for Microfinance Funders “Performance-Based Agreements: Incorporating Performance-Based Elements into Standard Loan and Grant Agreements”

CGAP (Consultative Group to Assist the Poor), an independent policy and research center housed at the World Bank Group, recently published a technical guide entitled “Performance-Based Agreements: Incorporating Performance-Based Elements into Standard Loan and Grant Agreements”. Continue Reading »

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Tuesday, June 8, 2010

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $10m in Bancamia, a Microfinance Bank in Colombia

The International Finance Corporation (IFC), a member of the World Bank Group working to alleviate poverty through loan and debt securities, equity investments and guarantees, will invest USD 10 million in Bancamia, a microfinance bank in Colombia [1]. The goal of the investment is to support the expansion of the Colombian microfinance sector, thereby helping to increase access to financial services for microenterpreneurs in the country. Continue Reading »

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Thursday, June 3, 2010

SPECIAL REPORT: Evaluating the Current Mindset of Investors Globally and Their Attitude to Microfinance as an Asset Class – Observations by Microfinance Investors at the Global Microfinance Investment Conference

“Raising Capital: Evaluating the Current Mindset of Investors Globally and Their Attitude to Microfinance as an Asset Class” was a panel discussion topic at the recent Global Microfinance Investment Conference which was held in New York. The conference was attended by a variety of participants in the microfinance sector: microfinance investors, representatives of microfinance institutions (MFIs), bankers, lawyers and researchers. Continue Reading »

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Monday, May 17, 2010

MICROCAPITAL BRIEF: IGNIA Fund I Invests $4m in Mexican Mobile Services Company Finestrella

IGNIA Fund I, a social venture capital fund that aims to support the low-income population in Mexico and other regions of Latin America, recently invested USD 4 million in Finestrella, a Mexican company that offers postpaid mobile plans to consumers without the necessity of a credit history or upfront deposit. Continue Reading »

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Thursday, May 13, 2010

MICROCAPITAL BRIEF: Aavishkaar Goodwell India Microfinance Development Company Ltd Invests USD 450,000 in Belstar Investment and Finance Ltd

Aavishkaar Goodwell India Microfinance Development Company Ltd, an Indian-Dutch joint venture company that provides equity finance for microfinance institutions (MFIs), recently invested USD 450,000 in Belstar Investment and Finance Ltd, a non-bank finance company (NBFC) based in Bangalore, India. Continue Reading »

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Wednesday, May 12, 2010

MICROCAPITAL BRIEF: Financing Facility for Remittances (FFR) Announces Call for Proposals 2010

The International Fund for Agricultural Development’s (IFAD’s) Financing Facility for Remittances (FFR), a USD 18 million fund that seeks to reduce poverty by leveraging remittances for development in rural areas of developing countries, recently announced its Call for Proposals 2010. Continue Reading »

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Tuesday, May 11, 2010

MICROCAPITAL BRIEF: LeapFrog Investments Microinsurance Fund Raises Additional $25m in Commitments from New Investors Including J.P. Morgan and TIAA-CREF

LeapFrog Investments, an international for-profit microinsurance fund, recently announced its final close raising USD 25 million for a total fund size of USD 137 million for investments in Africa and Asia. Continue Reading »

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Tuesday, May 11, 2010

MICROCAPITAL BRIEF: Vision Microfinance Fund Invests $2m in EcoFuturo of Bolivia

Vision Microfinance Fund, a Luxembourg-based fund that focuses on microfinance institutions (MFIs) in emerging countries in Latin America, Eastern Europe and Asia, recently invested USD 2 million in EcoFuturo, a Bolivian microfinance institution (MFI) with 43,486 active borrowers and total assets of USD 118 million as of 2009. Continue Reading »

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Tuesday, May 11, 2010

MICROCAPITAL BRIEF: German Federal Ministry of Economic Cooperation and Development (BMZ) and German Development Bank KfW Launch $150m Fund for Micro, Small and Medium-Sized Enterprises (MSMEs) in Sub-Saharan Africa

The German Federal Ministry of Economic Cooperation and Development (BMZ) and the German development bank KfW recently launched a regional investment fund for micro, small and medium-sized enterprises (MSMEs) in Sub-Saharan Africa. Continue Reading »

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Monday, May 10, 2010

MICROCAPITAL BRIEF: responsAbility to Stop Issuing Shares for Global Microfinance Fund

Effective May 26, 2010, the responsAbility Global Microfinance Fund (rAGMF), which directly invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), will temporarily stop accepting investment. A statement released by responsAbility suggests high liquidity, resulting from steadily high net investment inflows and slowing demand for microfinance credit from MFIs driven by the global economic crisis, as the cause of the stoppage [1]. Continue Reading »

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Thursday, May 6, 2010

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides $15m Equity Investment to Lok II, an $80m Microfinance Fund that will Invest in Microfinance Institutions (MFIs) in India

The International Finance Corporation (IFC), the investment arm of the World Bank, recently announced that it will provide an equity investment of USD 15 million in Lok II, a venture capital fund investing primarily in microfinance. Continue Reading »

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Thursday, April 29, 2010

MICROCAPITAL BRIEF: Sequoia Capital Sells Stake in Manappuram General Finance and Leasing Ltd of India for $70m

Sequoia Capital, a venture capital firm that commits a portion of its portfolio to microfinance, recently sold its stake in Manappuram General Finance and Leasing Ltd, an India-based non-banking financial company (NBFC) that provides loans in exchange for gold, for USD 70 million. Continue Reading »

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Thursday, April 29, 2010

MICROCAPITAL BRIEF: Global Impact Investing Network (GIIN) Projects Impact Investments to Reach $500b by 2014

The nonprofit Global Impact Investing Network (GIIN) recently projected that impact investments, defined as investments that “aim to solve social or environmental challenges while generating financial profit,” will grow to USD 500 billion by 2014, totaling roughly 1 percent of all managed assets. Continue Reading »

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Wednesday, April 28, 2010

MICROCAPITAL BRIEF: Luxembourg Fund Labelling Agency for Microfinance Investment Vehicles, LuxFLAG, Announces 2010 Renewal, Adds BlueOrchard Fund

LuxFLAG, a microfinance institution vehicle (MIV) certification organization founded in 2006, has recertified eight MIVs while adding a ninth, BlueOrchard Fund – Microfinance Fund for US Investors. The label is applied to MIVs that invest directly or indirectly in the microfinance sector and are deemed reputable by LuxFLAG and receiving a basic level of financial supervision from their home country. The nine labeled firms manage a total of USD 2.24 billion. LuxFLAG reports an unspecified number of applicants for 2010 [1]. Continue Reading »

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Monday, April 26, 2010

MICROFINANCE PAPER WRAP-UP: Investing into Microfinance Investment Funds, by Karel Janda and Barbora Svárovská

Written by Karel Janda and Barbora Svárovská, published by the Institute of Economic Studies, Faculty of Social Sciences Charles University in Prague, 2009, 35 pages, available at:

http://www.microfinancegateway.org/gm/document-1.9.41460/Investing%20into%20Microfinance%20Investment%20Funds.pdf

This paper aims to measure the performance of microfinance investment vehicles (MIVs) in terms of risk and returns to investors. Continue Reading »

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