Category: Investment Funds

MICROCAPITAL BRIEF: responsAbility Social Investments Makes Loans Totaling $12.5m to Belarusian Bank for Small Business (BBSB) of Belarus, Khan Bank of Mongolia, XacBank of Mongolia

responsAbility Social Investments AG, an investment company based in Switzerland, recently invested USD 12.5 million across three financial institutions based in Belarus and Mongolia. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Loans Totaling $2m to FINCA DRC of Democratic Republic of the Congo, First Allied Savings and Loans Limited (FASL) of Ghana

responsAbility Social Investments AG, an investment company based in Switzerland, has recently reported to MicroCapital that it has made loans totaling USD 2 million to microfinance institutions (MFIs) in Democratic Republic of the Congo and Ghana. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Loans Totaling $10m to FINCA International Subsidiaries in Azerbaijan, Russia, Ecuador and Mexico

responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested loans approximately equivalent to USD 10.2 million to FINCA International subsidiaries in Azerbaijan, Russia, Ecuador and Mexico. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2]. Continue reading

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MICROCAPITAL SPECIAL REPORT: “Principles for Investors in Inclusive Finance” Launched at Responsible Finance Forum in The Hague, Netherlands

A group of 40 global investors in the microfinance industry, including US retirement planning firm TIAA-CREF and several microfinance investment vehicles (MIV), recently launched a set of guiding principles for investing in the microfinance industry at the Responsible Finance Forum in The Hague, Netherlands. The initiative – titled “Principles for Investors in Inclusive Finance” – is reportedly the brainchild of Her Royal Highness Princess Maxima, the United Nations Secretary General’s Special Advocate for Inclusive Finance for Development, and a core group of Dutch investors, including; Triodos, a microfinance investment vehicle (MIV); Goodwell, a for-profit social investment outfit; Oikocredit, a cooperative investment fund; PGGM, an investment and pension firm; and SNS Asset Management, an institutional investment group. The group and Her Royal Highness Princess Maxima developed the principles together with CGAP and the United Nations-backed Principles for Responsible Investment (PRI), a network of international investors created to promote the practice of responsible investing. Continue reading

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MICROCAPITAL BRIEF: Mission Markets Announces First Microfinance Investment on Its Impact Investment Platform

Mission Markets Incorporated, a New York-based financial services outfit that operates online platforms connecting investors with socially oriented businesses, recently announced the posting of its first investment offering in microfinance. In this case, the offering is to purchase assets from Envest Microfinance, a cooperative based in the US state of Wisconsin that reported USD 500,000 invested in Latin American microfinance institutions (MFIs) as of 2008. Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank, Government of Japan Invest $2m for Bangladeshi Remittance Service, Financial Literacy Training

The board of directors of the Asian Development Bank (ADB), a development finance organization based in Manila, Philippines, has approved a USD 2 million grant from the Japan Fund for Poverty Reduction, an investment fund that is administered by ADB and funded by the government of Japan, for the development of remittance services for Bangladeshi migrant workers. Continue reading

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MICROCAPITAL BRIEF: Calvert Foundation, Investor in Microfinance and Community Development, Appoints Lisa Hall as New Head

The board of Calvert Foundation, a US-based organization that invests in microfinance and community development projects in the US and around the world, has recently appointed Lisa Hall to succeed Shari Berenbach as its President and CEO. Ms Berenbach served as the head of Calvert Foundation from 1997 to 2010, during which the organization’s total assets under management grew from USD 5 million to USD 500 million. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Launches responsAbility Ventures I, a Venture Capital Fund That Invests in Companies Aiming for Development Impact

responsAbility Social Investments AG, an investment company based in Switzerland, recently launched responsAbility Ventures I, a venture capital fund that invests in companies that provide basic services in the areas of energy, agriculture and information and communication technology (ICT) to the bottom of the pyramid (BOP). The BOP refers to approximately 3 billion people in Asia, Latin America and Eastern Europe who do not have adequate access to these services. Continue reading

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MICROCAPITAL BRIEF: Nigeria Federal Government Supports Central Bank of Nigeria (CBN) to Establish Microfinance Development Fund

Nigeria’s President Goodluck Jonathan recently announced at the country’s fifth Annual Microfinance Conference and Entrepreneurial Award Ceremony that the federal government would support the Central Bank of Nigeria’s (CBN’s) plan to establish a Microfinance Development Fund dedicated towards developing the country’s microfinance sector. Continue reading

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MICROCAPITAL BRIEF: India’s National Bank for Agriculture and Rural Development (NABARD) Looking to Invest in Venture Capital Funds

The National Bank for Agriculture and Rural Development (NABARD) of India, which regulates and promotes microfinance activities in rural areas, recently announced that it is interested in investing in venture capital funds. Continue reading

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MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Releases Study Analyzing Microfinance Industry, Performance of Microfinance Investment Vehicles (MIVs)

The Luxembourg Fund Labeling Agency (LuxFLAG), an organization that certifies whether investment vehicles actually invest in the microfinance sector, has released a study analyzing 2009 and early-2010 trends in the microfinance industry as well as the performance of microfinance investment vehicles (MIVs) that were carrying the LuxFLAG certification label during the period covered in the study. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $20m in Banco Triângulo SA (Tribanco) to Support Lending to Micro-, Small and Medium-Sized Enterprises (MSMEs) in Brazil

International Finance Corporation (IFC), the private sector arm of the World Bank Group, is making a USD 20 million equity investment in newly issued common shares of Banco Triângulo SA (Tribanco), a Brazilian bank that primarily serves small businesses. IFC’s investment in Tribanco supports a partnership that began six years ago when IFC provided USD 25 million in funding to the bank. Continue reading

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MICROCAPITAL BRIEF: Ujjivan Financial Services Raises $8.8m of Debt Capital Through Non-Convertible Debenture (NCD) Issuance to Developing World Market’s Member Company DWM (Cyprus) Limited

Ujjivan Financial Services, a microfinance institution (MFI) headquartered in Bangalore, India, has raised INR 40 crores (USD 8.82 million) of debt capital through the issuance of non-convertible debentures (NCDs) to Developing World Market (DWM) (Cyprus) Limited, a member company of Developing World Markets, a US-based social investment fund manager. Continue reading

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MICROCAPITAL BRIEF: UK, Silicon Valley Entrepreneurs Set Sights on India with Shanti Microfinance Fund

A number of UK and Silicon Valley entrepreneurs, including Brent Hoberman, founder of Lastminute.com, and venture capitalist John Hummer, one of the early investors in Napster, have gathered to back Shanti Microfinance, a not-for-profit microfinance fund founded and headed by Sheetal Mehta Walsh, who was till recently the Director of Venture Capital Relations at computing giant Microsoft. Continue reading

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MICROCAPITAL BRIEF: African Development Bank (AfDB) Launches Migration and Development Fund (MDF), Taking Proposals for Projects Relating to Remittances, Local Investment

African Development Bank (AfDB), a development finance institution established in 1964 that gives loans and grants to governments and private companies in Africa, recently launched the Migration and Development Fund (MDF) to support development projects in Africa. Continue reading

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