Category: Investment Funds

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

Share

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

Share

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

Share

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

Share

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

Share
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

Share

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

Share

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

Share

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

Share

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

Share

MICROCAPITAL BRIEF: Technical Assistance Facility of Incofin Rural Impulse Fund II Receives $2.4m from French Public Finance Institution Agence Française de Développement (AFD)

The Agence Française de Développement (AFD), a French public development finance institution, has donated EUR 1.8 million (USD 2.4 million) in technical assistance (TA) funding to Incofin Rural Impulse Fund II. Valued at EUR 120 million (USD 173 million), Rural Impulse Fund II is one of two funds managed by Belgium’s Incofin Investment Management that invest in rural microfinance institutions [1].  Continue reading

Share

MICROCAPITAL BRIEF: MicroRate Founder Damian von Stauffenberg is First to be Named to LuxFLAG Microfinance Label Eligibility Committee

The Luxembourg Fund Labelling Agency (LuxFLAG), a microfinance investment vehicle (MIV) and environment-related investment vehicle (EIV) certification organization, recently announced that Mr Damian von Stauffenberg, the founder of US-based microfinance rating agency MicroRate, has been named to the eligibility committee of LuxFLAG’s Microfinance Label [1]. Continue reading

Share

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

Share

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

Share

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

Share
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

Share

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

Share
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