Category: Investment Funds

MICROCAPITAL BRIEF: IFC Loans $70m to SB Sberbank of Kazakhstan to Support Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it would loan the local-currency equivalent of USD 70 million to Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) in Kazakhstan, a subsidiary of government-owned Sberbank of Russia, in an effort to increase financial access for small and medium-sized enterprises (SMEs) in Kazakhstan [1].

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), European Investment Bank (EIB), Agence Française de Développement (AFD), European Commission Establish $380m Middle East, North Africa Small, Medium-Sized Enterprises Facility

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it is partnering with the European Investment Bank (EIB), the long-term lending bank of the European Union (EU); Agence Française de Développement (AFD), France’s international development agency; and the European Commission, the legislative body of the EU, via the Neighborhood Investment Facility (NIF), to establish a USD 380 million financing facility for small and medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA). Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considering $78m Facility for Sekerbank of Turkey for Micro-, Small, Medium-Sized Enterprises

The UK-based European Bank for Reconstruction and Development (EBRD) recently revealed the pending approval of a EUR 60 million (USD 78 million) finance facility for Sekerbank T.A.S., a Turkish commercial bank. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $2.6m to Mobiasbanca – Groupe Société Générale of Moldova for Residential Energy Efficiency

In an effort to boost residential energy efficiency in Moldova, the UK-based European Bank for Reconstruction and Development (EBRD) recently loaned EUR 2 million (USD 2.6 million) to Mobiasbanca, a Moldovan commercial bank and subsidiary of France-based Groupe Société Générale SA, to be on-lent to individual households, housing associations, management companies, condominiums and energy service companies. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) May Back $50m Foundations Fund 1.0 for Small, Medium-Sized Enterprises in Romania

The UK-based European Bank for Reconstruction and Development (EBRD) recently revealed its expected approval of an equity investment of up to EUR 15 million (USD 19.5 million) in The Foundations Fund 1.0, a Luxembourg-based corporate partnership fund, in an effort to foster capital equity investments in Romanian small and medium-sized enterprises (SMEs) that lead to multi-sector growth. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $10m to KazMicroFinance of Kazakhstan for Micro-, Small, Medium-Sized Enterprises in Rural Areas

The UK-based European Bank for Reconstruction and Development (EBRD) will loan the local-currency equivalent of USD 10 million to KazMicroFinance (KMF), a Kazakhstan non-banking financial institution, in an effort to increase access to credit for micro-, small and medium-sized enterprises in rural areas of the country [1]. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Disburses Tranches of $1.8m in Loans to African Microfinance Institutions GRAINE of Burkina Faso, CAURIE of Senegal

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions (MFI), recently notified MicroCapital that it disbursed the second of three tranches of a loan totaling XOF 244 million (USD 487,600) to the MFI Groupe d’Accompagnement à l’Investissement et à l’Epargne (GRAINE), which serves 40,000 women in Burkina Faso, primarily in remote areas. Continue reading

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MICROCAPITAL BRIEF: MFTransparency Reveals Truth in Lending Tables Data Platform and Pricing Transparency Index

MicroFinance Transparency (MFTransparency), a US-based nongovernmental organization that provides information on microcredit products and their prices, recently revealed the Truth in Lending Tables (TILT) Data Platform that displays the interest rates and fees charged to 40 million microfinance clients of 429 institutions across 20 countries. Continue reading

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MICROCAPITAL BRIEF: IFC to Loan $50m to BanBif of Peru to Support Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it would loan USD 50 million to Banco Interamericano de Finanzas (BanBif), a Peruvian commercial bank, in an effort to double the number of small and medium-sized enterprises (SMEs) served by the bank by 2017. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $370k to Microfinance Institution Chamroeun of Cambodia

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions, recently notified MicroCapital that it approved a three-year, local-currency loan equivalent to approximately USD 370,000 to Chamroeun, a Cambodian microfinance institution. Continue reading

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MICROCAPITAL BRIEF: Accion Venture Lab Invests in 5 Startups Aiming to Bring Financial Services to Poor People, Including Salud Facil of Mexico, Varthana of India

Accion, a US-based provider of microenterprise loans and business training in 31 countries, has announced that its Accion Venture Lab, which provides seed capital and management support to financial inclusion startups, will invest an aggregate of USD 10 million in startup companies that deliver financial services to poor people around the globe. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $6m to Mikrofin Banja Luka of Bosnia and Herzegovina, Inecobank of Armenia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has recently disbursed a loan of EUR 4 million (USD 5.2 million) to Mikrofin Banja Luka of Bosnia and Herzegovina and AMD 375 million (USD 911,600) to Inecobank of Armenia [1]. Continue reading

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MICROCAPITAL BRIEF: IFC, Canadian International Development Agency (CIDA), Atlantic Bank of Belize Extend Effort to Improve Access to Small, Medium-Sized Enterprises, Increase Portfolio to $35m by 2014

The International Finance Corporation (IFC), a member of the World Bank Group, and Atlantic Bank, a Belizean bank majority-held by Sociedad Nacional de Inversiones, SA of Honduras, recently launched the second phase of a project with the aim of improving access to financial services for small and medium-sized enterprises (SMEs) in Belize with support from the Canadian International Development Agency (CIDA). Continue reading

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MICROCAPITAL BRIEF: Online Fundraiser Kiva Discloses Delinquencies of Microfinance Institutions Alidé of Benin, FECECAV of Togo

Kiva, a US-based online microlending fundraiser, recently reported on delinquent payments due to Kiva by non-profit institutions L’Association de Lutte pour la promotion des Initiatives de Développement (Alidé) of Benin and Faîtière des Caisses d’Epargne et de Crédit des Associations Villageoises (FECECAV) of Togo. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF)

The UK-based European Bank for Reconstruction and Development (EBRD) recently launched the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF), a USD 20 million credit line supporting energy efficiency projects for households and private enterprises in the Kyrgyz Republic. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $13m from Dual Return Funds to Microfinance Institutions (MFIs) in South America, Eurasia Including FINCA Armenia

Absolute Portfolio Management (APM), an Austria-based firm that invests in microfinance and other sectors, recently notified MicroCapital that it loaned the equivalent of USD 13 million during April 2013 through two of the funds that it manages to microfinance institutions (MFIs) in Armenia, Azerbaijan, Ecuador, Honduras, Kyrgyzstan, Mongolia, Peru, the Philippines, Russia and Tajikistan. Of this amount, USD 7.5 million was issued in local currency. Continue reading

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