Category: Investment Funds

MICROFINANCE PUBLICATION ROUND-UP: Morocco’s Microfinance Market; Trends in Funding Financial Inclusion; Growth Projections in Islamic Microfinance

“Ending the Microfinance Crisis in Morocco: Acting early, acting right;” published by the International Financial Corporation in partnership with the Canadian Department of Foreign Affairs, Trade, and Development; the Danish International Development Agency; Japan; Switzerland’s State Secretariat for Economic Affairs; and UKaid; October 2014; available at http://www.ifc.org/wps/wcm/connect/5e1e5a0047850bdba0d4f5299ede9589/IFC+Morocco+MicroFinance+Crisis+report.English.pdf?MOD=AJPERES
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MICROCAPITAL BRIEF: OPIC, Calvert, Swiss Agency for Development and Cooperation, EIB Invest $12m in Participatory Microfinance Group for Africa (PAMIGA) to Support Access to Solar Power, Irrigation in Rural Africa

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, and the Calvert Foundation, a US-based nonprofit community development financial institution, recently signed agreements to loan USD 6.25 million to Pamiga Finance S.A. (PFSA) to help it spread access to solar energy and micro-irrigation systems in rural Africa [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: OPIC, Calvert, Swiss Agency for Development and Cooperation, EIB Invest $12m in Participatory Microfinance Group for Africa (PAMIGA) to Support Access to Solar Power, Irrigation in Rural Africa Posted in Africa, Investment Funds

MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $6m in Credits to Microfinance Institutions (MFIs) in Armenia, Colombia, Georgia, Mongolia, Nigeria, Tajikistan and Paraguay

During May 2015, Viennese asset manager C-Quadrat Asset Management USD 6 million worth of credits via the two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Colombia, Georgia, Mongolia, Nigeria, Tajikistan and Paraguay. Of this total, C-Quadrat Asset Management invested USD 500,000 in the microfinance institution based in Ulaanbaatar, Mongolia. Founded in 2001, this institution targets micro-, small and medium-sized enterprises (MSMEs) and provides services to approximately 3,200 clients. Continue reading

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MICROCAPITAL BRIEF: Incofin’s Rural Impulse Fund Loans $1.5m to Microfinance Institution Humo and Partners of Tajikistan

Incofin Investment Management (Incofin IM), a Belgium-based company that manages funds investing in microfinance institutions (MFIs), recently loaned USD 1.5 million over 12 months via the Rural Impulse Fund II to Humo and Partners, a microfinance institution (MFI) based in Dushanbe, Tajikistan. Continue reading

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MICROCAPITAL BRIEF: Incofin to Advise Invest In Visions’ IIV-Microfinance Fund

Incofin Investment Management, a private Belgian company, recently became the fund advisor of Invest In Visions’ IIV-Microfinance Fund, which was launched in October 2011 to invest in loans to small and medium-sized (tier-2 and tier-3) microfinance institutions in developing countries [1]. Continue reading

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MICROCAPITAL BRIEF: Malaysia Arranges $64m in Loans for Female Entrepreneurs, Chinese Traders

SME Bank, which is backed by the Malaysian government, started the Women Entrepreneur Financing Program, a fund with a budget of MYR 200 million (USD 56.1 million), to provide access to capital for female entrepreneurs in Malaysia [1]. Continue reading

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MICROFINANCE EVENT: 26th Annual SRI Conference on Sustainable, Responsible, Impact Investing, November 3-5, 2015, The Broadmoor, Colorado Springs, United States

Event Name: 2015 SRI Conference on Sustainable, Responsible, Impact Investing

Event Date: November 3 to November 5, 2015

Event Location: The Broadmoor, Colorado Springs, Colorado, United States

Cost: The early registration rate of USD 995 is available until September 9, 2015, A regular registration rate of USD 1,085 is available from September 12 to October 13, 2015, and late registration rate of USD 1195 is available after October 13, 2015. Presenters, students, journalists and sponsor representatives are eligible for an entry price of USD 535 per head. Continue reading

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MICROCAPITAL BRIEF: Belgium’s Impulse Microfinance Investment Fund Exits from MFIs in India, Mexico

During the year ending December 2014, the Impulse Microfinance Investment Fund (Impulse Fund), which is managed by Belgium’s Incofin Investment Management (Incofin), sold its equity stakes in India-based Grameen Koota and the Mexican operations of El Salvador-based Apoyo Integral Inversiones, according to a recent announcement by Incofin. Continue reading

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MICROCAPITAL PUBLICATION ROUND-UP: Improving the Wellbeing of the Poorest of the Poor; Finance in Motion’s Impact Investment Report; Investing in Africa’s Small, Growing Businesses

“A multifaceted program causes lasting progress for the very poor: Evidence from six countries;” published by American Association for the Advancement of Science (AAAS), 2015-05, available at http://dspace.mit.edu/handle/1721.1/97047

This study reports that a multifaceted “graduation” program generated improvements in the wellbeing of the “poorest of the poor.” Continue reading

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Written by Comments Off on MICROCAPITAL PUBLICATION ROUND-UP: Improving the Wellbeing of the Poorest of the Poor; Finance in Motion’s Impact Investment Report; Investing in Africa’s Small, Growing Businesses Posted in Africa, Investment Funds, Risks, Trends/Challenges

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $15m to Chase Bank Kenya, Advise on Financial Access for Women Entrepreneurs

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced an agreement to provide a loan of USD 15 million and 15 months of advisory services to Chase Bank Kenya, a privately owned bank in Kenya [1]. Continue reading

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MICROCAPITAL BRIEF: Eco.business Fund Loans $10m to Banco Davivienda Costa Rica to Promote Biodiversity

The Luxembourg-based eco.business Fund, which was launched in 2014, announced recently that it has lent USD 10 million to Banco Davividenda Costa Rica, a unit of Colombia’s Bolivar Group, for on-lending to companies that work in sectors such as agriculture, forestry and fisheries, and are certified for their sustainability and contribution to biodiversity by entities such as the Germany-based FairTrade International or the US-based Rainforest Alliance. Continue reading

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MICROCAPITAL BRIEF: Arab Fund for Economic and Social Development (AFESD) Loans $50m to Sudan for Rural Microfinance

The Arab Fund for Economic and Social Development, a 22-member multilateral financial institution, recently loaned USD 50 million to the Central Bank of Sudan, primarily for rural microlending. Continue reading

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MICROCAPITAL BRIEF: Grameen Capital India Raises Undisclosed Sum to Loan to Social Enterprises

Grameen Capital India, a Mumbai-based social business, recently raised fresh investment funds to provide debt finance for social enterprises in India from new investors including Ratan Tata, the former chairman of the India-based conglomerate Tata Group; Shrinivas Dempo, the chairman of Indian mining company Dempo Group; and Indian investment banker Vikram Gandhi. This is in addition to additional funds sourced from existing investors, the US-based nonprofit organization Grameen Foundation and two individual Indian investors, Amit Patni and Arihant Patni [1]. Continue reading

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MICROCAPITAL BRIEF: Bamboo Finance Raises $31m to Complete First Close of Financial Inclusion Fund II with Plans to Grow Savings Options

Bamboo Finance, a Luxembourg-based commercial investment firm, recently announced the first close of Financial Inclusion Fund II at USD 31 million, with the slate of investors including US-based financial services company Teachers Insurance and Annuity Association of America – College Retirement Equities Fund (TIAA-CREF) and European-based asset management company AXA Investment Managers (AXA IM). Continue reading

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MICROCAPITAL BRIEF: Acumen, Clinton Giustra Enterprise Partnership, Unilever Partner to Support Smallholder Farmers through Enhanced Livelihoods Investment Initiative (ELII) in Africa, South Asia, Latin America and the Caribbean

The US-based non-profit venture fund Acumen, along with the Clinton Giustra Enterprise Partnership, an initiative of US-based Clinton Foundation, and the British-Dutch multinational consumer goods company Unilever recently partnered to launch a three-year, minimum USD 10 million Enhanced Livelihoods Investment Initiative (ELII) that aims to boost the economic development of approximately 300,000 smallholder farmers in Africa, South Asia, Latin America and the Caribbean [1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Contribute $200m to IFC Financial Institutions Growth Fund (FIG Fund), Bringing Total Funding to $345m at First Close

The International Finance Corporation (IFC), a member of the US-based World Bank, recently announced that it will devote up to USD 200 million to the IFC Financial Institutions Growth Fund (FIG Fund), an investment vehicle that will make equity investments that aim to increase access to capital for small and medium-sized enterprises (SMEs) in developing markets [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Contribute $200m to IFC Financial Institutions Growth Fund (FIG Fund), Bringing Total Funding to $345m at First Close Posted in Investment Funds, Key Players

MICROCAPITAL BRIEF: Germany’s Gemeinschaftsbank für Leihen und Schenken (GLS), Federal Ministry for Economic Cooperation and Development (BMZ) Together Invest $34m in Green for Growth Fund Southeastern Europe (GGF)

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, reportedly has invested EUR 22 million (USD 23 million) in the Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources. Continue reading

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MICROCAPITAL BRIEF: TriLinc Global Impact Fund Invests $15.5m in Africa, Latin America

TriLinc Global Impact Fund, a US-based private investment fund, recently approved USD 15.5 million in trade finance facilities for six companies located in Argentina, South Africa and Zambia. Continue reading

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