The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it will
Category: Investment Funds
MICROCAPITAL BRIEF: Water.org’s WaterEquity Borrowing $20m from Overseas Private Investment Corporation for WaterCredit Investment Fund 3 to Finance Water, Sanitation Systems in Asia
The Overseas Private Investment Corporation, a self-sustaining agency of the US government, recently agreed to lend USD 20 million to the WaterCredit Investment Fund 3, which will invest in microfinance institutions (MFIs) and other organizations that facilitate the deployment of safe water and sanitation systems. The goal of the fund is to raise USD 50 million to reach 4.6 million people in South and Southeast Asia over
MICROCAPITAL BRIEF: Moeda Introducing Cryptocurrency Aimed at Facilitating Financial Inclusion after $5m “Initial Coin Offering”
Moeda, a cooperative funded by Brazil-based Cresol, Green Cross Brazil and Unicafes, recently announced the launch
MICROCAPITAL BRIEF: PAG, Primavera Lead $117m Equity Raise for Dashu Finance of China
Two firms based in Hong Kong, alternative investor Pacific Alliance Group (PAG) and China-focused Primavera Capital Group, led a recent Series C funding round
MICROCAPITAL BRIEF: EBRD Lending Local Currency Worth $20m to OTP Leasing of the Ukraine
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it has provided a loan
MICROCAPITAL BRIEF: Indonesian Online Lender UangTeman Raises $12m in Equity Funding for Consumer Loans, Research and Development
UangTeman, an Indonesian firm offering online loans of up to USD 350, recently announced it has secured USD 12 million in Series A funding from
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $840k to Mali’s Réseau de Micro-institutions de Croissance de Revenus (RMCR), Part for Microinsurance
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and social businesses, recently informed MicroCapital that it has committed to extending two loans denominated in CFA francs to Réseau de Micro-institutions de Croissance de Revenus (RMCR), a savings and credit union in Mali.
MICROCAPITAL BRIEF: Sanad Fund for MSME Lends $20m to Lebanon’s Byblos Bank
The Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced it will loan USD 20 million to Byblos Bank, a commercial bank based in Lebanon, to on-lend to small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: Bank Eskhata Borrows $1m as Tajikistan Becomes 17th Country to Host EBRD’s “Women in Business” Programme
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is expanding its “Women in Business” programme to Tajikistan with an investment of USD 10 million.
MICROCAPITAL BRIEF: Turkey’s QNB Finansbank Borrows $55m via EBRD’s “Women in Business” Programme, Partially Guaranteed by EBRD, EU, Turkish Government
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is extending its partnership with QNB Finansbank, a commercial bank in Turkey, with a five-year loan of USD 55 million under EBRD’s “Women in Business” programme.
MICROCAPITAL BRIEF: KMF and Bereke of Kazakhstan, Vasham of Indonesia Borrow $5.1m from Grameen Credit Agricole Microfinance Foundation
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services primarily to microfinance institutions, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 3.9 million to KazMicroFinance LLC (KMF) of Kazakhstan, the equivalent of USD 550,000 to Bereke of Kazakhstan, and the equivalent of USD 660,000 to Vasham of Indonesia.
MICROCAPITAL BRIEF: UBS Wealth Management Customers Investing $325m in The Rise Fund, Social Impact Private Equity Vehicle Managed by TPG
Union Bank of Switzerland (UBS) Wealth Management, a unit of Zurich-based UBS, recently announced that it has raised USD 325 million from its high-net-worth clientele to invest in The Rise Fund, a social impact private equity fund managed by the US-based Texas Pacific Group (TPG).
MICROCAPITAL BRIEF: Fairtrade Access Fund Issues $3m Trade-finance Loan to Cote d’Ivoire’s Enterprise Cooperative Kimbe (Ecookim), Supporting 12k Cocoa Farmers
German development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has issued a trade finance loan of USD 3 million to Enterprise Cooperative Kimbe (Ecookim), a union of 23 cooperatives in Cote d’Ivoire.
MICROCAPITAL BRIEF: Advans Cote d’Ivoire, Aga Khan’s PAMF-Mali Borrowing $3.8m from Grameen Credit Agricole Microfinance Foundation
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and other social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 2.9 million to Advans Cote d’Ivoire and the equivalent of USD 890,000 to Premiere Agence de MicroFinance (PAMF) Mali.
MICROCAPITAL BRIEF: Fairtrade Access Fund Loans $750k to Colombia’s Cooperativa DelosAndes for Coffee Mill
Germany-based development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has loaned USD 750,000 to Cooperativa DelosAndes, a Colombia-based coffee cooperative, to co-finance a wet mill.
MICROCAPITAL BRIEF: Morgan Stanley Raises $125m for PMF Integro Impact Investing Fund
US-based financial services firm Morgan Stanley has reported that it raised USD 125 million for its recently launched Private Markets Fund Integro Fund I, the firm’s first “global impact fund,” which will be managed by Alternative Investment Partners (AIP) Private Markets, Morgan Stanley’s private equity arm.
MICROCAPITAL BRIEF: Indian Microlender Arohan Sells 13% Equity Stake to Maj Invest for $15m; Aavishkaar, Tano Increase Holdings
Arohan Financial Services, an Indian non-banking finance company that offers microloans to women, recently raised INR 155 crore (USD 24.1 million) from Maj Invest, a Danish asset management firm; Tano Capital, a US-based asset management firm focusing on emerging markets; Aavishkaar Venture Management Services, a venture capital firm targeting underserved regions of India; and multiple individuals.
MICROCAPITAL BRIEF: Morgan Stanley, Economist Intelligence Unit Release “Inclusive Growth Opportunities Index” Ranking 20 Countries on Impact Investing Potential
The Institute for Sustainable Investing, a unit of US-based financial services firm Morgan Stanley, in collaboration with The Economist Intelligence Unit, a UK-based advisory affiliated with The Economist magazine, recently released the 2017 Inclusive Growth Opportunities Index, a report on investment opportunities intended to increase access to education, healthcare and finance as well as “gender inclusion.”