MICROCAPITAL BRIEF: Microbank LOLC (Cambodia) Authorized to Offer Leasing Services

LOLC (Cambodia) Plc, a microfinance institution (MFI) that is 60-percent owned by LOLC Micro Investment of Sri Lanka, recently received approval from the National Bank of Cambodia to offer leasing services. It is reportedly the first MFI to gain such permission. Beginning in March, LOLC (Cambodia) expects to offer both businesses and

MICROCAPITAL BRIEF: IFC Syndicates $44m in Debt from BIB, Incofin, MicroVest, Symbiotics for KazMicroFinance (KMF) of Kazakhstan

KazMicroFinance (KMF), a microfinance institution operating in Kazakhstan, recently borrowed USD 44 million syndicated by the World Bank Group’s International Finance Corporation (IFC) in an effort to enable KMF to expand its lending to small businesses. Of the total, IFC is providing USD 5 million

MICROCAPITAL BRIEF: India’s Muthoot Raises $20m in Equity from Creation Investments Amidst Plans to Open 500 New Microfinance Branches

Creation Investments Capital Management, a US-based alternative investment company, recently announced that it has placed an equity investment of USD 20 million in Muthoot Microfin Limited, a unit of Indian conglomerate Muthoot Pappachan Group. Muthoot Microfin

MICROCAPITAL BRIEF: FMO Investing $15m in Equity in Sanad Fund for MSME for On-lending in the Middle East, North Africa

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it will place equity of USD 15 million in the debt sub-fund of the Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), which disburses “medium- and long-term” loans to financial institutions that serve MSMEs

MICROCAPITAL BRIEF: EFSE Lends $2m to VisionFund’s SEF International for Micro-, Small Enterprises in Armenia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced that it has loaned AMD 970 million (USD 2 million) to Armenia’s SEF International to support the microfinance institution’s (MFI’s) lending to micro- and small businesses. SEF, which offers

MICROCAPITAL BRIEF: EBRD Lends $10.9m to Compagnie Internationale de Leasing to Support MSMEs in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, recently announced that it is providing a senior unsecured loan of TND 25 million (USD 10.9 million) to Compagnie Internationale de Leasing (CIL), a Tunisian company that rents and leases industrial equipment and goods. The loan is intended to allow CIL

MICROCAPITAL BRIEF: FMO Provides $6m Local-currency Loan to Sanasa Development Bank of Sri Lanka for SME Lending

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has provided a local-currency loan equivalent to USD 6 million to Sanasa Development Bank PLC (SDB bank), which provides leasing, credit, deposit

MICROCAPITAL BRIEF: FMO, IFC Invest $16m in Equity in Mobisol to Finance Solar Power in Kenya, Rwanda, Tanzania

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that is placing equity investments totaling EUR 9.2 million (USD 9.9 million) in Mobisol, a Germany-based provider of solar home systems in East Africa. The investments are funded by two entities FMO manages in partnership with the Dutch government: MASSIF and the Access to Energy Fund. These investments were accompanied by an equity placement of EUR 5.4 million (USD 5.8 million) by

MICROCAPITAL BRIEF: Sanad Fund for MSME Lends $1.5m for Women’s Enterprises in Palestine via Microfinance Institution Asala

The Sanad Fund for MSME (Micro Small and Medium Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced that it will lend USD 1.5 million to the Asala for Credit and Development Company, a microfinance institution in Palestine, for on-lending to female entrepreneurs. The microlender operates nine offices in the West Bank and Gaza, focusing on serving micro- and small enterprises owned by women in rural areas. Asala, a for-profit successor to the Palestinian Businesswomen’s Association, was launched in 2014 with support from the Sharakat

MICROCAPITAL BRIEF: FMO Loans $29m to El Salvador’s Fedecredito for On-lending to Cooperatives, Bosnia and Herzegovina’s Partner Mikrokreditna Fondacija for Agricultural Microenterprises

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced two loans to support the provision of financial services to people with low incomes in El Salvador and Bosnia and Herzegovina.

FMO is lending USD 24 million to

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $63m to Various MFIs

Austria’s C-Quadrat Asset Management informed MicroCapital today that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 63.5 million during December to unspecified microfinance institutions (MFIs) in countries including Ghana, Indonesia, Kenya, Mongolia and Sri Lanka. The

MICROFINANCE EVENT: Social Performance Task Force (SPTF) Social Investor Working Group Meeting; March 15-16, 2017; Zurich, Switzerland

Event Name: SPTF Social Investor Working Group Meeting

Event Date: March 15 – March 16, 2017

Event Location: University of Zurich, Rämistrasse 71, 8006 Zürich, Switzerland

Summary of Event: Participants in this meeting will discuss the challenges of social performance management (SPM) as it relates to investing in inclusive finance. Speakers also will share

MICROFINANCE EVENT: Impact Investing: Mainstreaming Purpose-Driven Finance; February 15, 2017; New York, USA

Event Name: Impact Investing: Mainstreaming Purpose-Driven Finance

Event Date: February 15, 2017

Event Location: Time Warner Center, 60 Columbus Circle, New York, New York, USA

Summary of Event: Speakers here will analyze opportunities and obstacles present in the “mainstreaming” of impact investing, which the organizers define as

MICROFINANCE EVENT: Foro Latinoamericano de Inversión de Impacto; February 14 – 16, 2017; Mérida, México

Event Name: Foro Latinoamericano de Inversión de Impacto (FLII) 2017

Event Date: February 14 – 16, 2017

Event Location: Hotel Hyatt Regency, Mérida, México

Summary of Event: This event will address trends in impact investing as well as the social and environmental impacts of the financial industry in general. Speakers will discuss

MICROFINANCE PUBLICATION ROUND-UP: Lessons on IPOs from Indian MFIs; Growth In Impact Investing; 10-Year Survey of Microfinance Investment Vehicles

“How to IPO Successfully and Responsibly: Lessons From Indian Financial Inclusion Institutions”; by Anna Kanze; published by the Center for Financial Inclusion (CFI) at Accion; Fall 2016; 25 pages; available at: http://www.centerforfinancialinclusion.org/storage/documents/How_to_IPO_Final.pdf

This report draws upon two recent initial public offerings (IPOs) in the financial inclusion industry – those of Equitas and Ujjivan, both microfinance lenders in India – to make the case that institutions can use IPOs to strengthen their capital base while remaining committed to their social missions.

MICROFINANCE EVENT: 13th Annual Global Microfinance Forum; March 16 – 17, 2017; Prague, Czech Republic

Event Name: 13th Annual Global Microfinance Forum

Event Date: March 16 – 17, 2017

Event Location: Grandior Prague Hotel, Prague, Czech Republic

Summary of Event: Participants at this event will discuss recent changes in the microfinance industry and predictions for its future. Speakers will address topics

MICROCAPITAL BRIEF: EFSE Loans $16m to Halkbank for Housing, Microenterprise, Small-business Lending in Macedonia

The European Fund for Southeast Europe, a microfinance investment vehicle that was launched by Germany’s KfW Development Bank, announced today that it has issued senior loans totaling EUR 15 million (USD 16 million) to Halkbank AD Skopje, which describes itself as Macedonia’s “first downscaling bank,