Category: Investment Funds

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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MICROCAPITAL BRIEF: Symbiotics Launches Micro-, Small & Medium-Sized Enterprise Bonds Electronic Platform, Closes Two Deals for Mutual Cartago de Ahorro y Prestamo (MUCAP) and Microfinance Institution (MFI) Lanka ORIX MicroCredit (LOMC)

Symbiotics, a microfinance investment services company based in Switzerland, launched an electronic bond issuance platform on December 16th aimed at serving micro-, small & medium-sized enterprises and closed deals for Mutual Cartago de Ahorro y Prestamo (MUCAP), a savings and loan institution based in Costa Rica, and Sri Lankan microfinance institution (MFI) Lanka ORIX MicroCredit (LOMC), a joint venture started by the International Finance Corporation (IFC), the Sri Lankan government and the Orient Leasing Company. Continue reading

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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

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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

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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

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