MICROCAPITAL BRIEF: ResponsAbility Invests $100k in Bank Eskhata of Tajikistan, $1.5m in Mitra Bisnis Keluarga (MBK) Ventura of Indonesia

ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 100,000 in debt to Bank Eskhata of Tajikistan.

MICROCAPITAL BRIEF: Incofin Rural Impulse Fund II Completes Equity Investment in Microfinance Institution Azercredit of Azerbaijan, Volksvermogen Raises Stake to 10% in ProEmpresa of Peru

The Incofin Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) that mobilizes capital for rural microfinance institutions (MFIs), recently completed an equity investment of an undisclosed amount in Azercredit, an Azerbaijani MFI.

MICROFINANCE PUBLICATION ROUND-UP: Microfinance Apexes; Confessions of a Microfinance Heretic; Selling Microinsurance

A New Look at Microfinance Apexes;” by Sarah Forster, et al; published by CGAP (Consultative Group to Assist the Poor); July 2012; 26 pages; available at: http://www.cgap.org/p/site/c/template.rc/1.9.58459/

MICROCAPITAL BRIEF: BlueOrchard Finance, Belgian Investment Company for Developing Countries (BIO), Opportunity International Announce New CEOs

BlueOrchard Finance SA, a Swiss microfinance investment manager; Belgian Investment Company for Developing Countries (BIO), a public-private partnership established by the Belgian government; and Opportunity International, a US-based nonprofit organization, all recently announced new CEOs.

MICROCAPITAL BRIEF: Hypo Alpe Adria Group, ResponsAbility Social Investments AG Approve Loans Totaling $7m to Microcredit Foundation Prizma of Bosnia and Herzegovina

Hypo Alpe Adria Group, a state-owned Austrian financial group, and ResponsAbility Social Investments, a Swiss investment organization founded in 2003, approved loans of BAM 5 million (USD 3.2 million) and EUR 3 million (USD 3.7 million), respectively, to Microcredit Foundation Prizma, a microcredit organization operating in rural Bosnia and Herzegovina. The funds will be used to expand Prizma’s operations.

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $10m to ProCredit Bank of Georgia

European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) investing in 16 countries in Europe and Asia, has reported to MicroCapital that it has loaned USD 10 million to ProCredit Bank of Georgia, a bank serving Georgian small and medium-sized enterprises (SMEs).

MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) to Place Equity Investment, Grant in Microfinance Institution ACME of Haiti

The Multilateral Investment Fund, an autonomous fund administered by the US-based Inter-American Development Bank, has approved an equity investment of an undisclosed amount in Haitian microfinance institution (MFI) Association pour la Cooperation avec la Micro Enterprise (ACME).

MICROCAPITAL BRIEF: Multilateral Investment Fund Places $5m in Equity in Fund for Mexican SMEs

The Multilateral Investment Fund (MIF), an autonomous fund that was founded in 1993 by the US-based Inter-American Development Bank (IDB), has made a USD 5 million equity investment in Mexico Development Fund I (MDF-I), a venture capital fund focused on small and medium-sized Mexican businesses providing education, financial or retail services. MDF-I is managed by PC Capital Partners, a financial services firm based in Mexico. 

MICROCAPITAL BRIEF: European Progress Microfinance Facility Signs 20th Intermediary, Reaches $98m Committed

The European Progress Microfinance Facility, an organization managed by the European Investment Fund (EIF) with the aim of increasing the availability of microcredit for small businesses, has signed its 20th microfinance intermediary, Italy-based credit cooperative Banco di Credito Mediocrati.

MICROCAPITAL BRIEF: responsAbility Loans $7.8m to ProCredit Moldova, $1.2m to Noa of Albania

In June, responsAbility Social Investments AG, a Swiss investment company, made debt investments totaling USD 7.8 million in ProCredit Moldova, a subsidiary of Germany’s ProCredit Group. As of 2011, ProCredit Moldova has assets totaling USD 150 million, USD 117 million in loans outstanding, return on equity of 8.8 percent and USD 43.6 million customer deposits.

MICROCAPITAL BRIEF: Ugandan Agribusiness Initiative (aBi) Trust Grants $60k to Masaka Microfinance Development Cooperative (MAMIDECOT) to Open Branch in Rakai

The Agribusiness Initiative (aBi) Trust, a nonprofit in Uganda that supports private-sector agriculture, has contributed UGX 149 million (USD 60,000) to Masaka Microfinance Development Cooperative (MAMIDECOT), a Ugandan microfinance institution (MFI), for the establishment of a new branch in the Bukunda trading centre in Rakai, the district that neighbors Masaka to the west.

MICROCAPITAL BRIEF: Triodos Bank Loans $3.7m to Prizma of Bosnia and Herzegovina to Expand its Microfinance Operations

Triodos Bank, a Dutch bank with additional offices in Belgium, Great Britain, Spain and Germany, recently approved a loan in the amount of EUR 3 million (USD 3.7 million) to the Prizma Microcredit Foundation reaching a total of EUR 5 million (USD 6.1 million) loaned by Triodos to the microcredit organization in Bosnia and Herzegovina.

MICROCAPITAL BRIEF: Incofin Investment Management Invests $2.4m in Equity in Indian Annapurna Microfinance

Incofin Investment Management, a Belgian company that manages microfinance investment funds, has paid INR 13 crore (USD 2.36 million) for an equity stake of undisclosed size in Annapurna Microfinance Private Limited, a for-profit microfinance company based in the Indian state of Orissa. Annapurna has nearly 125,000 clients across 18 districts in Orissa and a loan book of INR 35.78 crore (USD 6.49 million). 

MICROCAPITAL BRIEF: Mongolia: International Finance Corporation (IFC) Capitalization Fund Invests $40m in Microfinance Institution XacBank

The International Finance Corporation (IFC) Capitalization Fund, a fund managed by the private-investment arm of the World Bank Group, recently announced it will invest a total of USD 40 million in XacBank, a Mongolian community development microfinance institution (MFI) [1].