Category: Investment Funds

MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Lends $2.3m to Microfinance Institutions (MFIs) Coopronaranjo of Costa Rica, Fundación Amanecer of Colombia, COAC Esperanza y Progreso Del Valle of Ecuador

Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to three Latin American microfinance institutions (MFIs): USD 1.5 million to Coopronaranjo of Costa Rica, USD 500,000 to Cooperativa de Ahorro y Credito Esperanza y Progreso del Valle (COAC Progreso) of Ecuador and the local currency equivalent of USD 374,000 to Fundación Amanecer of Colombia. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Lends $2.3m to Microfinance Institutions (MFIs) Coopronaranjo of Costa Rica, Fundación Amanecer of Colombia, COAC Esperanza y Progreso Del Valle of Ecuador Posted in Deals, Investment Funds, Latin America

MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Advans Ghana, KixiCrédito of Angola, TYM Fund of Vietnam, Belarusian Bank for Small Business

Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in four microfinance institutions (MFIs): Advans Ghana Savings and Loans Limited, KixiCrédito of Angola, TYM Fund of Vietnam and Belarusian Bank for Small Business (BBSB) [1]. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investor Developing World Markets (DWM) Aligns Social Scorecard with Impact and Reporting Investment Standards (IRIS); Announces Staff Changes

US-based asset manager and investment bank Developing World Markets (DWM) has recently announced that it has expanded and redesigned its proprietary social scorecard to align it with the Impact and Reporting Investment Standards (IRIS), an initiative of the US-based nonprofit Global Impact Investing Network (GIIN) to create a common framework for defining, tracking and reporting the performance of for-profit investment intended to solve social and environmental problems [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Investor Developing World Markets (DWM) Aligns Social Scorecard with Impact and Reporting Investment Standards (IRIS); Announces Staff Changes Posted in Investment Funds, Transparency

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $8m to Mikrofin Banja Luka of Bosnia and Herzegovina, ProCredit Bank Macedonia to Support Micro-, Small and Medium-Sized Enterprises

The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently reported to MicroCapital that it has made debt investments totaling EUR 6.5 million (USD 8.7 million) in two banks to support micro-, small and medium-sized enterprises (MSMEs): Mikrofin Banja Luka (Mikrofin) of Bosnia and Herzegovina and ProCredit Bank Macedonia [1]. Continue reading

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MICROCAPITAL BRIEF: LuxFLAG Grants Microfinance Label to Microfinance Enhancement Facility, Selectum, Etimos Fund, Dual Return Fund Vision Microfinance Local Currency; Renews Label for Six Other Microfinance Investment Vehicles (MIVs)

The Luxembourg Fund Labeling Agency (LuxFLAG), a microfinance institution vehicle (MIV) certification organization, has recently granted the LuxFLAG Microfinance Label, which reassures investors that MIVs actually invest in the sector, to four MIVs for the first time: Microfinance Enhancement Facility SA SICAV-SIF, Selectum SICAV-SIF, Etimos Fund SICAV-SIF and Dual Return Fund SICAV-SIF Vision Microfinance Local Currency. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: LuxFLAG Grants Microfinance Label to Microfinance Enhancement Facility, Selectum, Etimos Fund, Dual Return Fund Vision Microfinance Local Currency; Renews Label for Six Other Microfinance Investment Vehicles (MIVs) Posted in Investment Funds, Transparency

MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions DemirBank of Azerbaijan; First Microfinance Bank, Arvand of Tajikistan; Arnur Credit of Kazakhstan; Kompanion of Kyrgyzstan

Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in the following five microfinance institutions (MFIs): DemirBank of Azerbaijan; First Microfinance Bank – Tajikistan (FMFB-TJK) and Arvand, both of Tajikistan; Arnur Credit of Kazakhstan; and Kompanion Financial Group Microfinance Closed Joint Stock Company (Kompanion) of Kyrgyzstan [1]. Continue reading

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MICROCAPITAL BRIEF: Bill & Melinda Gates, Gatsby Charitable, Rockefeller Foundations and JP Morgan Invest $25m to Establish African Agricultural Capital Fund

Several members of the Global Impact Investing Network (GIIN), a US-based nonprofit organization dedicated to increasing the effectiveness of market-based solutions to social and environmental problems, together with the United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, have created the African Agricultural Capital Fund (AACF), which is intended to boost Africa’s agriculture sector. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bill & Melinda Gates, Gatsby Charitable, Rockefeller Foundations and JP Morgan Invest $25m to Establish African Agricultural Capital Fund Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: Money Manager Christofferson, Robb and Company to Establish $400m Fund to Facilitate Commercial Investment in Small and Medium-Sized Enterprises (SMEs); International Finance Corporation (IFC) Commits $100m

Christofferson, Robb and Company (CRC), a private UK- and US-based money manager, is working to raise USD 400 million for a new “capital release fund” that will allow banks and financial institutions in developed countries to reduce the amount of capital that must be set aside against losses from their loans to small and medium-sized enterprises (SMEs) in developing countries. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Money Manager Christofferson, Robb and Company to Establish $400m Fund to Facilitate Commercial Investment in Small and Medium-Sized Enterprises (SMEs); International Finance Corporation (IFC) Commits $100m Posted in Deals, Investment Funds

MICROCAPITAL BRIEF: BNP Paribas Loans $1.9m to Microfinance Institutions Fundación Espoir of Ecuador, Amret of Cambodia

BNP Paribas, a financial service provider based in France, recently made loans totaling the equivalent of USD 1.9 million to two microfinance institutions (MFIs): Fundación Espoir (Espoir) of Ecuador and Amret Company Limited (Amret) of Cambodia [1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to Kenya Commercial Bank (KCB) Rwanda to Expand Mortgage Program, Small and Medium-Sized Enterprise (SME) Lending

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, will loan RWF 3 billion (USD 5 million) to the Rwandan subsidiary of Kenya Commercial Bank (KCB) Group, a publicly-traded financial services company, to expand its mortgage finance program and for lending to small and medium-sized enterprises (SMEs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to Kenya Commercial Bank (KCB) Rwanda to Expand Mortgage Program, Small and Medium-Sized Enterprise (SME) Lending Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: Dual Return Fund of Vision Microfinance Loans $1.5m to Microfinance Institutions in Colombia, Dominican Republic

Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that the Dual Return Fund – Vision Microfinance Local Currency, a sub-fund of Absolute’s Vision Microfinance that provides loans to microfinance institutions (MFIs) exclusively in local currencies, made debt investments totaling the equivalent of USD 1.5 million in unnamed MFIs in Colombia and the Dominican Republic [1]. Continue reading

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MICROCAPITAL BRIEF: responsAbility Invests $2.5m in Microfinance Institution Asian Credit Fund of Kazakhstan, Bank Eskhata of Tajikistan, XacLeasing of Mongolia

responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 2.5 million in microfinance institutions Asian Credit Fund LLP of Kazakhstan, Bank Eskhata (Eskhata) of Tajikistan and XacLeasing, a sister company of Mongolian microfinance institution XacBank [1]. Continue reading

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MICROCAPITAL BRIEF: Tuninvest-Africinvest Announces Close of Maghreb Private Equity Fund III, Investing in Small and Medium-Sized Enterprises (SMEs) in Tunisia, Morocco, Algeria, Libya, Egypt

The Tuninvest-Africinvest Group, a Tunisia-based private equity company that invests in small and medium-sized enterprises (SMEs), recently announced the closing of its Maghreb Private Equity Fund III (MPEF III) with approximately EUR 96 million (USD 134 million) in capital commitments. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Tuninvest-Africinvest Announces Close of Maghreb Private Equity Fund III, Investing in Small and Medium-Sized Enterprises (SMEs) in Tunisia, Morocco, Algeria, Libya, Egypt Posted in Investment Funds, Middle East

MICROCAPITAL BRIEF: responsAbility Invests $13.5m in Microfinance Institutions (MFIs) VisionFund Cambodia, Equity Bank of Kenya

responsAbility Social Investments AG, a Swiss for-profit company that operates four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments of USD 13.5 million in microfinance institutions (MFIs) Equity Bank of Kenya and VisionFund Cambodia. Continue reading

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MICROCAPITAL BRIEF: LeapFrog to Invest $15m in India’s Shriram Group to Expand Microinsurance, Savings Offerings

LeapFrog Investments, a US-based private equity fund focusing on microinsurance activities, will invest USD 15 million in the Shriram Group, an India-based provider of financial services to low-income individuals, to help the organization expand its offering of microinsurance and savings products for up to 10 million clients. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $4m in Local Currency to Microfinance Institution (MFI) Kompanion of the Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD), a development finance institution based in the United Kingdom, has agreed to make a three-year loan of KGS 180 million (USD 4 million) in Kompanion Financial Group Microfinance Closed Joint Stock Company, a Kyrgyz microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: Incofin Lends $9m to Microfinance Institutions (MFIs) PRIDE Tanzania; LAPO of Nigeria; Sinapi Aba Trust, FASL of Ghana

Incofin Investment Management, a private Belgian company that invests in microfinance institutions (MFIs) through six investment funds, has recently made debt investments totalling the equivalent of USD 8.75 million in four African MFIs: Promotion of Rural Initiative and Development Enterprises Limited (PRIDE Tanzania); Lift Above Poverty Organisation (LAPO) of Nigeria; Sinapi Aba Trust (SAT) of Ghana; and First Allied Savings and Loans Limited (FASL), also of Ghana. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Incofin Lends $9m to Microfinance Institutions (MFIs) PRIDE Tanzania; LAPO of Nigeria; Sinapi Aba Trust, FASL of Ghana Posted in Africa, Deals, Investment Funds