Category: Investment Funds

MICROCAPITAL BRIEF: China Association of Microfinance (CAM), China International Center for Economic and Technical Exchanges, Peking University, CreditEase Microcredit Investment Launch Inclusive Finance Wholesale Fund

China Association of Microfinance (CAM), a Chinese network of 92 microfinance institutions (MFIs); China International Center for Economic and Technical Exchanges, a Chinese agency that promotes economic and technical exchange; Peking University Advanced Financial Information Research Center (PAFIRC), a China-based research institute; and CreditEase Microcredit Investment, a Beijing-based financial services firm, recently launched the Inclusive Finance Wholesale Fund I, which is billed as the first microfinance wholesale fund in China. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: China Association of Microfinance (CAM), China International Center for Economic and Technical Exchanges, Peking University, CreditEase Microcredit Investment Launch Inclusive Finance Wholesale Fund Posted in Investment Funds, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Benefit Corporation Type Allows Companies to Balance Societal Benefit, Profits

Laws now exist in seven US states recognizing a form of organization called “benefit corporations” (B-corps), which aim to balance societal and financial benefit. Continue reading

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MICROCAPITAL BRIEF: National Automotive Council of Nigeria Launches $6.3m Microcredit Facility for Mechanics

The National Automotive Council (NAC), an agency of the Nigerian government, is planning to formally launch a NGN 1 billion (USD 6.3 million) microcredit facility for cooperatives of 10 to 20 automotive mechanics. Continue reading

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MICROCAPITAL BRIEF: Triple Jump Disburses Loan From Oxfam Novib Fund to Microfinance Institution Finadev Benin

Triple Jump Fund Management (Triple Jump), a Dutch investor in microfinance, recently issued its first loan to Finadev Benin SA, a microfinance institution (MFI) in Benin. Continue reading

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MICROCAPITAL BRIEF: UK’s CDC Group Invests $10m in Progression Eastern African Microfinance Equity Fund (PEAMEF)

The CDC Group, a development finance institution owned by the UK government’s Department for International Development, has announced that it has invested USD 10 million in the Progression Eastern African Microfinance Equity Fund (PEAMEF), which will support microfinance institutions in Kenya, Rwanda, Tanzania, Uganda and Zambia. Continue reading

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MICROCAPITAL BRIEF: India’s Equitas Micro Finance Restructures Microfinance Business Under Singhivi Investment and Finance

Earlier this year, Equitas Micro Finance India Private Limited (Equitas) demerged its microfinance business. Continue reading

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MICROCAPITAL BRIEF: responsAbility Lends $4.5m to Microfinance Institutions in Romania, Bosnia and Herzegovina, Kyrgyz Republic

Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that funds it manages have disbursed loans totaling USD 4.5 million to microfinance institutions (MFIs) in Romania, Bosnia and Herzegovina, and the Kyrgyz Republic. Continue reading

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MICROCAPITAL BRIEF: responsAbility Lends $3.6m to Amret, AMK, Prasac, Hattha Kaksekar of Cambodia

Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the equivalent of USD 3.6 million to several Cambodian microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: SKS Suffers $85m Loss as Norway’s Government Pension Fund – Global Buys 1% Stake

During the quarter that ended on December 31, 2011, Indian commercial microfinance institution SKS Microfinance Limited (SKS) suffered net losses of INR 4.28 billion (USD 85.3 million), 11 percent higher than net losses in the previous quarter. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), ACCION Support Swadhaar in Expanding Microfinance for Women in Urban India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and ACCION International, a private, US-based nonprofit organization, will advise Swadhaar FinServe Private Limited (SFPL), an Indian microfinance institution, on its expansion of financial services for women in urban slums of the following Indian states: Gujarat, Madhya Pradesh, Maharashtra and Rajasthan. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Nigeria to Establish Microfinance Loan Fund for Women

The Central Bank of Nigeria (CBN), Nigeria’s central banking authority, announced at the recent sixth Annual Microfinance Conference and Entrepreneurship Awards that it plans to create an investment fund targeting women entrepreneurs. Continue reading

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MICROCAPITAL BRIEF: Microfinance Growth Fund (MiGroF) Ends 2011 with $85m in Loans Outstanding to Microfinance Institutions in Latin America

The Microfinance Growth Fund (MiGroF), which is managed by Switzerland’s BlueOrchard Finance to support Latin American microfinance institutions, closed 2011 with USD 85 million in outstanding loans and USD 23 million in uninvested capital. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Growth Fund (MiGroF) Ends 2011 with $85m in Loans Outstanding to Microfinance Institutions in Latin America Posted in Investment Funds, Latin America

MICROCAPITAL BRIEF: Unitus Labs Launches Unitus Seed Fund, to Invest in Small Anti-Poverty Enterprises in India

Unitus Labs, a US-based nonprofit that aims to reduce poverty via economic empowerment, has recently launched the Unitus Seed Fund, a venture fund that will invest in start-up enterprises in India. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Role Reversal Revisited, Microinsurance Profitability Business Case, Trends in Cross-Border Funding

Role Reversal Revisited,” by Damian von Stauffenberg and Daniel Rozas, published by MicroRate, 2011, 22 pages, available at http://microrate.com/wp-content/uploads/2012/01/Role-Reversal-Revisited-…

This paper reviews the roles of development finance institutions (DFIs) and private lenders in funding microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institution Ujjivan Financial Services Raises $25m in Equity from FMO, Wolfensohn, LOK, IFIF, Sequoia, Unitus, Elevar

Indian microfinance institution (MFI) Ujjivan Financial Services has raised INR 127.9 crore (USD 25 million) in its fifth round of equity financing. Continue reading

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MICROCAPITAL BRIEF: Switzerland’s Azure Partners Launches Azure Global Microfinance Fund

Azure Partners, a Swiss company specializing in “socially responsible investments,” has launched Azure Global Microfinance Fund, a microfinance-focused “fund of funds” that will accept investments from both private and institutional investors [1]. Continue reading

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MICROCAPITAL BRIEF: Oxfam International, Symbiotics Launch Small Enterprise Impact Investment Fund for Asia, Africa

UK-based relief agency Oxfam International and Swiss for-profit microfinance investment intermediary Symbiotics have jointly launched the Small Enterprise Impact Investment Fund (SEIIF) that will increase access to credit for small and medium-sized enterprises (SMEs) in Asia and Africa while offering investors both “measurable social impacts and financial returns” [1]. Continue reading

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