Category: Investment Funds

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $1M to Cameroonian Microfinance Institution (MFI) Advans Cameroun

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently provided XAF 500 million (approximately USD 1.01 million) in local currency loan to Advans Cameroun, a microfinance institution (MFI) that is controlled by the Luxembourg- based investment firm Advans SA. Continue reading

Share

MICROCAPITAL BRIEF: MasterCard Foundation, UN Capital Development Fund (UNCDF) Launch YouthStart to Expand Financial Services for Youth in Sub-Saharan Africa

The MasterCard Foundation, a private Canadian foundation that seeks to alleviate poverty through microfinance and education, and the UN Capital Development Fund (UNCDF), the investment agency of the UN, recently announced that they have partnered to launch YouthStart, a competition-based program aimed at increasing access to financial services for low-income youth in Sub-Saharan Africa. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments Provides Debt Financing Worth $2.7m to Microfinance Institutions Opportunity Albania and FINCA Russia

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in November 2010 it made four debt investments in microfinance institutions Opportunity Albania and FINCA Russia. Continue reading

Share

MICROCAPITAL BRIEF: Investment Company responsAbility Releases “Microfinance Market Outlook 2011″

responsAbility Social Investments AG, an investment company in Switzerland, recently released “Microfinance Market Outlook 2011,” a report based on surveys of representatives of microfinance institutions (MFIs), investors, rating agencies and consultancies. Continue reading

Share

MICROCAPITAL BRIEF: Opportunity International and Caterpillar Foundation Launch $1m Corporate Challenge to Alleviate Global Poverty Through Savings-Based Microfinance Programs

Opportunity International, a US-based microfinance organization, and the Caterpillar Foundation, the charitable arm of heavy equipment manufacturer Caterpillar Inc., have launched a USD 1 million challenge grant that will match donations from corporations and small businesses to Opportunity International. Continue reading

Share

MICROCAPITAL BRIEF: Standard Chartered Bank Tanzania Arranges, USAID Guarantees Local-Currency Bond for Tanzanian Microfinance Institution (MFI) Promotion for Rural Initiatives and Enterprise Limited (PRIDE Tanzania)

Standard Chartered Bank Tanzania, a division of the London-based international bank Standard Chartered PLC, recently arranged a bond issue for Tanzanian microfinance institution (MFI) Promotion for Rural Initiatives and Enterprise Limited (PRIDE Tanzania), which is reportedly the first MFI bond ever issued on the Tanzania Stock Exchange. Continue reading

Share

MICROCAPITAL BRIEF: REGMIFA Invests $13m in Microfinance Institutions (MFIs) Sinapi Aba Trust and First Allied Savings and Loans of Ghana, Kenya Women Finance Trust, Faulu Kenya, FINCA Tanzania, Programme d’Appui aux Mutuelles d’Epargne et de Credit au Senegal (PAMECAS)

The Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF (REGMIFA), a Luxembourg-based fund that seeks to invest in micro-, small and medium sized enterprises (MSMEs) in Africa, has announced investments totaling USD 13.5 million in microfinance institutions (MFIs) Sinapi Aba Trust and First Allied Savings and Loans of Ghana; Kenya Women Finance Trust; Faulu Kenya; FINCA Tanzania, an affiliate of FINCA International, a microfinance network serving 700,000 people through subsidiaries in 21 countries; and Programme d’Appui aux Mutuelles d’Epargne et de Credit au Senegal (PAMECAS). Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $6m in Microfinance Institution (MFI) ACBA-Credit Agricole Bank CJSC and ACBA Leasing of Armenia

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made five debt investments in microfinance institution (MFI) ACBA-Credit Agricole Bank CJSC (ACBA) and its subsidiary leasing branch, ACBA Leasing. Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Invests $5.5m in Fondo de Desarrollo Local (FDL) of Nicaragua, First Allied Savings and Loans Limited (FASL) of Ghana and AB Microfinance Bank of Nigeria

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $6.5m in Microfinance Institutions (MFIs) COAC Progreso of Ecuador, Pagasa of the Philippines and Vision Banco of Paraguay

responsAbility Social Investments AG (responsAbility), an investment manager based in Switzerland, reported to MicroCapital that it has provided a total of USD 6.5 million in debt financing to COAC Progreso, Pagasa and Vision Banco. Continue reading

Share

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) of the United Kingdom Loans $50m to Russian Automotive Leasing Company Europlan to Meet Demand From Small and Medium-Sized Enterprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), an investment bank headquartered in the United Kingdom, will loan up to RUB 1.5 billion (USD 50 million) to Europlan, a Russian automotive leasing company, to meet rising demand for leases from small and medium-sized enterprises (SMEs) in Russia. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments Loans $2.67m to Mexican Microfinance Institution (MFI) KapitalMujer and Crezcamos of Colombia

Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned a total of USD 2.67 million to microfinance institutions (MFIs) KapitalMujer and Crezcamos Colombia. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments Invests $12.4m in Microfinance Institutions (MFIs) ProCredit Holding and Visionfund Cambodia

Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance?Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned USD 12.4 million in total to microfinance institutions (MFIs) ProCredit Holding and Visionfund Cambodia in October. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $800k in Microfinance Institutions Crystal Fund of Georgia and Oxus Microfinance of Tajikistan

responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made three debt investments totaling USD 800,000 in microfinance institutions (MFIs) Oxus Microfinance of Tajikistan and Crystal Fund of Georgia. Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans NLB Prishtina of Kosovo and ProCredit Bank Serbia $34.9m

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has reported to MicroCapital that it loaned NLB Prishtina, a commercial bank based in Kosovo, and ProCredit Bank Serbia, a development-oriented bank, a total of USD 34.9 million. Continue reading

Share