Category: Investment Funds

MICROCAPITAL BRIEF: Microfinance Investment Vehicle Certification Organization Luxembourg Fund Labelling Agency (LuxFLAG) Accepting Applications for Environment Label

The Luxembourg Fund Labelling Agency (LuxFLAG), a microfinance investment vehicle (MIV) and environment-related investment vehicle (EIV) certification organization, has launched a request for applications for the second LuxFLAG Environment Label, which is granted to EIVs in an effort to “reassure investor[s] that labeled investment funds actually invest the majority of their assets in environment-related sectors in a responsible manner” [1]. Continue reading

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MICROCAPITAL BRIEF: FINCA International Launches For-Profit Subsidiary: FINCA Microfinance Holding LLC

The Foundation for International Community Assistance (FINCA) International received approximately USD 200 million to launch its new subsidiary, FINCA Microfinance Holding LLC (FMH). Continue reading

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MICROCAPITAL BRIEF: Absolute’s “Vision Microfinance,” “Vision Microfinance Local Currency” Report Net Returns of 2.51% to 4.55% for 2011

Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, reports that the Dual Return Fund-Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, had a total fund volume of EUR 85.8 million (USD 109 million) with loans issued to 65 microfinance institutions (MFIs) in 25 emerging markets as of December 2011. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Absolute’s “Vision Microfinance,” “Vision Microfinance Local Currency” Report Net Returns of 2.51% to 4.55% for 2011 Posted in Investment Funds, Key Players

MICROCAPITAL BRIEF: responsAbility Invests $2.3m in Microfinance Institutions Arnur Credit of Kazakhstan, FINCA Armenia, FinDev of Azerbaijan

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 2.3 million in microfinance institutions (MFIs) Arnur Credit of Kazakhstan, FINCA Armenia and Finance for Development LLC (FinDev) of Azerbaijan [1]. Continue reading

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MICROCAPITAL BRIEF: Participatory Microfinance Group for Africa (PAMIGA) Collaborates with MicroLead Program to Open Office in Ethiopia, Support Microsavings Services of Buusaa Gonofaa, Wasasa

The Participatory Microfinance Group for Africa (PAMIGA), a Paris-based microfinance network, has opened an office in Ethiopia with the support of the United Nations Capital Development Fund (UNCDF) MicroLead Program, which aims to promote microsavings. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Participatory Microfinance Group for Africa (PAMIGA) Collaborates with MicroLead Program to Open Office in Ethiopia, Support Microsavings Services of Buusaa Gonofaa, Wasasa Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $100m to Small Businesses in the Ukraine, First $10m disbursed to Credit Europe Bank Ukraine

The European Bank for Reconstruction and Development (EBRD) has signed an agreement to loan USD 100 million for the benefit of micro-, small and medium-sized enterprises (MSMEs) in the Ukraine. Continue reading

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MICROCAPITAL BRIEF: Omtrix Raises $35m for New Higher Education Finance Fund (HEFF), Loans to be Distributed via Microfinance Institutions

Omtrix, a Costa Rica-based fund manager and financial consulting firm, has announced the launch of the Higher Education Finance Fund (HEFF), a student loan financing fund to promote and finance higher education opportunities for low-income youth in Bolivia, the Dominican Republic, Guatemala, Honduras, Paraguay and Peru. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Omtrix Raises $35m for New Higher Education Finance Fund (HEFF), Loans to be Distributed via Microfinance Institutions Posted in Investment Funds, Latin America

MICROCAPITAL BRIEF: “SANAD Fund for MSME” to Loan $5m to BLC Bank of Lebanon for On-Lending to Small and Medium-Sized Enterprises

SANAD Fund for MSME, a Luxembourg-based investment fund, has invested in Lebanon for the first time with a USD 5 million loan to BLC Bank sal, a Lebanese commercial bank. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: “SANAD Fund for MSME” to Loan $5m to BLC Bank of Lebanon for On-Lending to Small and Medium-Sized Enterprises Posted in Investment Funds, Middle East

MICROCAPITAL BRIEF: TBC Capital Asset Management Looking to Raise $75m for “TBC Capital Impact Investing Fund-I” to Invest in Microfinance, Sustainable Agriculture, and Clean and Base-of-Pyramid Infrastructure

TBC Capital Asset Management Incorporated, a Canada-based investment management firm with a special focus on impact investments, is launching its TBC Capital Impact Investing Fund-I (TBCCIIF-I), which is a pooled fund established to invest in organizations that operate in the areas of: (a) microfinance – mainly tier-2 microfinance institutions and service providers to them – which will account for approximately 65 percent of the fund; (b) small and medium-sized enterprises (SMEs) “with high positive impact,” especially those involved in sustainable agriculture, which will receive approximately 20 percent of fund investments; and (c) clean and “base-of-pyramid” infrastructure, accounting for approximately 15 percent of the fund [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: TBC Capital Asset Management Looking to Raise $75m for “TBC Capital Impact Investing Fund-I” to Invest in Microfinance, Sustainable Agriculture, and Clean and Base-of-Pyramid Infrastructure Posted in Investment Funds, Key Players, Trends/Challenges

MICROCAPITAL BRIEF: CBZ Bank of Zimbabwe, Zimbabwe Microfinance Wholesale Trust Issuing Loans of Up to $50k to Microfinance Institutions in Zimbabwe

CBZ Bank of Zimbabwe and the Zimbabwe Microfinance Wholesale Trust, which is affiliated with the Zimbabwe Association of Microfinance Institutions, have begun issuing loans of up to USD 50,000 to microfinance institutions (MFIs) in Zimbabwe. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: CBZ Bank of Zimbabwe, Zimbabwe Microfinance Wholesale Trust Issuing Loans of Up to $50k to Microfinance Institutions in Zimbabwe Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: The International Finance Corporation (IFC) to Invest $1m in Equity in ACCION Microfinance China

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an agreement with ACCION International, a US-based nonprofit organization, to invest USD 1 million in ACCION’s Chinese affiliate, ACCION Microfinance China (AMC). Continue reading

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MICROCAPITAL BRIEF: Vision’s Dual Return Fund Loans $6.2m to Microfinance Institutions in Latin America, Africa, Central Asia

Absolute Portfolio Management GmbH, an Austrian investment company, has reported that the Dual Return Fund – Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, loaned the equivalent of USD 2 million to KazMicroFinance of Khazakstan and the equivalent of USD 4.2 million to unnamed microfinance institutions (MFIs) in Kyrgyzstan, Ecuador, Uruguay and Benin. Continue reading

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MICROCAPITAL BRIEF: Goodwell West Africa Invests $1m in Microfinance Provider Nwabiagya Community Bank of Ghana

Netherlands-based investment fund Goodwell West Africa has agreed to raise its equity share in Nwabiagya Community Bank of Ghana from 14.03 percent to 18.9 percent with a USD 1 million investment. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Goodwell West Africa Invests $1m in Microfinance Provider Nwabiagya Community Bank of Ghana Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $34m to Banca Intesa Beograd of Serbia for Micro-and Small Enterprises

The Luxembourg-registered European Fund for Southeast Europe (EFSE) recently reported to MicroCapital that it has signed an agreement to loan EUR 25 million (USD 34 million) to Banca Intesa Beograd, a Serbian commercial bank, to boost the availability of financing to micro– and small enterprises (MSEs), including rural entrepreneurs and small agriculture producers in Serbia. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Launches “Global Engagement Call” Offering to Invest in Funds Operating in Emerging Markets

The Overseas Private Investment Corporation (OPIC), an agency of the US government, has launched a Global Engagement Call, inviting proposals from qualified fund managers to invest in new, expanding or privatizing companies in any of the 150 emerging markets where OPIC operates [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Launches “Global Engagement Call” Offering to Invest in Funds Operating in Emerging Markets Posted in Investment Funds

MICROFINANCE PAPER WRAP-UP: Microfinance Investment Vehicles in Sub-Saharan Africa: Constraints and Potentials, by Bertrand Moulin, Published by Centre for European Research in Microfinance (CERMi)

By Bertrand Moulin, published by the Centre for European Research in Microfinance (CERMi), August 2011, 20 pages, available at: http://mpra.ub.uni-muenchen.de/32967/ Continue reading

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Written by Comments Off on MICROFINANCE PAPER WRAP-UP: Microfinance Investment Vehicles in Sub-Saharan Africa: Constraints and Potentials, by Bertrand Moulin, Published by Centre for European Research in Microfinance (CERMi) Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: International Finance Corporation Launches $60m Cleantech Innovation Facility to Support Green Businesses in Developing Countries

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has launched the Cleantech Innovation Facility, a USD 60 million equity financing mechanism that will provide capital and technical assistance to small, start-up companies that have products or services that mitigate carbon emissions. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation Launches $60m Cleantech Innovation Facility to Support Green Businesses in Developing Countries Posted in Investment Funds