Category: Investment Funds

MICROFINANCE PUBLICATION ROUND-UP: Financing Necessary for SMEs to Grow; Microfinance Challenges in the Arab World; Incofin on MFIs’ Social Performance

“ADB Report: Asia SME Finance Monitor 2014;” by S. Shinozaki, T. Chaiken, S. Jain, K. Dorofev, C. T. Delos Santos and J. Bautista; published by the Asian Development Bank (ADB); September 2015; 318 pages; available at: http://www.adb.org/sites/default/files/publication/173205/asia-sme-finance-monitor2014.pdf
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MICROCAPITAL BRIEF: FMO Completes $153m Syndicated Loan to Sri Lanka’s Commercial Leasing & Finance (CLC)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently served as lead arranger and facility agent to finalize a USD 153 million senior secured syndicated loan for Sri Lanka’s Commercial Leasing & Finance (CLC). Continue reading

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MICROCAPITAL BRIEF: Qalaa Holdings Planning to Sell 70% Stake in Microlender Tanmeyah to Egyptian Financial Group (EFG) Hermes for $40m

Qalaa Holdings, an Egypt-based investment holding company previously named Citadel Capital, recently announced that it will sell its 70-percent ownership in Tanmeyah, an Egypt-based provider of microloans and microinsurance, to Egyptian Financial Group (EFG) Hermes, an investment bank serving the Middle East and North Africa (MENA) region. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $5.5m to Nova Ljubljanska Banka (NLB) d.d. Sarajevo to Increase Housing Finance Access

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.5 million) to Nova Ljubljanska Banka (NLB) d.d. Sarajevo, which is controlled by Slovenian finance firm NLB Group, to enable younger and lower-income households in Bosnia and Herzegovina to acquire housing. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Trends in International Funding for Financial Inclusion; Inclusive Finance in India; Financial Regulation for Inclusion and Development in Latin America

“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf Continue reading

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MICROCAPITAL BRIEF: Développement international Desjardins (DiD) to Provide Microfinance to Food Producers in Senegal in Partnership with Micronutrient Initiative

Développement international Desjardins (DiD), a Canadian nonprofit supporting the community finance sector in emerging economies, recently joined the “Project integer de nutrition dans les regions de Kedougou et Kolda (PINKK)”, which is aimed at increasing food security for women and children in the Senegalese regions of Kedougou and Kolda. Continue reading

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MICROCAPITAL BRIEF: Cameroon Cooperative Credit Union League (CamCCUL) Members to Access Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR)

Nine financial cooperatives associated with the Cameroon Cooperative Credit Union League (CamCCUL), a network of 208 financial institutions that also provides financial services directly to the public, have met the requirements to access the Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR), a Cameroon-based investor in microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Loans $250m to Bayport Management to Boost Microfinance in Africa, Latin America

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently invested USD 250 million through a senior debt facility in Bayport Management Limited, Mauritius-based network of microfinance institutions (MFIs) [1]. Continue reading

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MICROCAPITAL BRIEF: French Insurer AXA Ups Commitment to Microinsurance, Increasing Equity Stake in UK’s MicroEnsure to 46%

MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International, recently announced that AXA Group, a French insurance and asset management company, will pay an undisclosed sum to increase its equity stake in the organization to 46 percent from an unspecified level. Continue reading

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MICROCAPITAL BRIEF: Microfinance Network FINCA International Appoints Andree Simon as Co-CEO

The Foundation for International Community Assistance (FINCA International), a US-based nonprofit with microfinance operations in 23 countries, recently announced the promotion of Andrée Simon to the position of co-CEO of FINCA Microfinance Holding LLC (MFH), FINCA’s International’s network of microfinance subsidiaries. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues $22m in Bonds to Benefit Indian Microfinance Institutions (MFIs) Annapurna, ESAF Microfinance and Investment (EMFIL), Satin Creditcare

Symbiotics, a Switzerland-based investment company that focuses on emerging markets, recently informed MicroCapital that it has completed bond transactions with a total value of USD 22 million. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: ING’s Billion to Gain: Geographic Variations in Microfinance Impact; Indian Mobile Wallet Market Growth; Profiting From Financial Inclusion

“A Billion to Gain? Microfinance Clients Are Not Cut from the Same Cloth,” by G. Hieminga, R. Budjhawan, S. Eriksen, I. Unger; published by ING Bank; November 2015; 8 pages; available at: http://www.ingcb.com/insights/research/microfinance-emancipating-the-worlds-poorest Continue reading

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MICROCAPITAL BRIEF: Central Bank of West African States, Islamic Corporation for the Development of the Private Sector to invest $30m in Small, Medium-sized Enterprises (SMEs)

Banque Centrale des Etats de L’Afrique (BCEAO), the central bank for eight West African countries, and the Islamic Corporation for the Development of the Private Sector (ICD), a development finance institution affiliated with the Saudi Arabia-based Islamic Development Bank, recently agreed to provide USD 30 million to small and medium-sized enterprises (SMEs) in the West African Economic and Monetary Union (WAEMU). Continue reading

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MICROCAPITAL BRIEF: Symbiotics Completes Bond Disbursements Totaling $5.5m to Microfinance Institution Prasac of Cambodia

Symbiotics Group, a Swiss for-profit provider of investment and business services, recently issued the second tranche of a bond totaling USD 5.5 million to Prasac, a Cambodian microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: Luxembourg Directorate for Development and Cooperation (LuxDev) Donates $219k to Support Microfinance Institution (MFI) Asusu Of Niger to Train 550 Young Entrepreneurs

The Luxembourg Directorate for Development and Cooperation (LuxDev), a government-owned institution encouraging international development, has awarded a donation of EUR 200,000 (USD 218,000) to ADA, a Luxembourg-based nonprofit organization formerly known as Appui au Developpement Autonome. The donation is intended to assist Asusu, a Niger-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: World Vision UK, VisionFund International Prepare for El Niño Response in Africa with $3m “Returnable” Donation from UK Government’s Department for International Development (DFID)

The UK government’s Department for International Development (DFID) recently awarded a “returnable” grant of GBP 2 million (USD 3 million) to World Vision UK, a branch of US-based NGO World Vision International, and VisionFund International, a microfinance organization owned by World Vision, to help families in six African countries recover from anticipated severe weather caused by El Niño, a phenomenon of warmer than average waters in the eastern Pacific Ocean. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $5m to Opportunity Bank Serbia for On-Lending to Micro-, Small Enterprises; Low-Income Households in Rural Serbia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.4 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, to improve access to finance for micro -and small enterprises (MSEs) and low-income households in rural areas of Serbia. Continue reading

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MICROCAPITAL BRIEF: Livelihoods and Food Security Trust Fund (LIFT) Donates $4.5m to World Vision Myanmar for Microfinance Lending, Savings

The Livelihoods and Food Security Trust Fund, a Myanmar-based multi-donor trust fund, recently has donated a three-year USD 4.5 million grant to three organizations affiliated with US-based NGO World Vision, to aid approximately 100,000 people in gaining improved access to financial services. Continue reading

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