Category: Key Players

MICROCAPITAL BRIEF: IFC to Advise FINCA DRC on Boosting Access to Credit, Mobile Banking in the Democratic Republic of the Congo, with Funding from The MasterCard Foundation

The World Bank Group’s International Finance Corporation (IFC) recently agreed to provide two years of advisory services, valued at USD 1 million, to FINCA DRC, a unit of US-based FINCA Microfinance Holding Company that provides savings and credit services to 256,000 customers in the Democratic Republic of Congo. The goal is to Continue reading

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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 Continue reading

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MICROCAPITAL BRIEF: Jumo Sells Microenterprise, Consumer Lender afb Ghana to Letshego

Letshego Holding Limited, which is based in Botswana and offers deposit and lending services in 10 African countries, recently paid an undisclosed price to Jumo World Limited, a financial technology firm registered in Mauritius, for all of the shares of afb Ghana, which has 60,000 customers and total assets of GHS 97 million (USD 23 million) as of December 2016. Both afb and Letshego lend for Continue reading

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MICROCAPITAL BRIEF: EBRD Loaning $5m to FondiBESA for Rural MSMEs, Farmers in Albania

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in the United Kingdom, recently announced that it will loan USD 5 million for rural micro-, small and medium-sized enterprises (MSMEs) and individual farmers in Albania. Continue reading

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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 Continue reading

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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 Continue reading

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MICROFINANCE EVENT: International Conference on Sustainable Development; September 6 – 7, 2017; Rome, Italy

Event Name: The International Conference on Sustainable Development (ICSD) 2017

Event Date: September 6 – 7, 2017

Event Location: Roma Eventi, Piazza della Pilotta, Rome, Italy

Summary of Event: The theme of this conference for 2017 is “Creating a unified foundation for…Sustainable Development: research, practice and education.” The organizers’ goal is to Continue reading

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MICROCAPITAL BRIEF: Invest in Visions Lends $2m to Beige Capital Savings and Loans of Ghana

Germany’s Invest in Visions Mikrofinanzfonds, a fund advised by Belgium’s Incofin, recently agreed to loan up to USD 5 million to Beige Capital Savings and Loans, a unit of Ghana’s Beige Group, which offers banking, pension, insurance and investment services. Among Beige Capital’s goals is to “be the [small and medium-sized enterprise] bank of choice across Ghana.”

As part of the process of considering Continue reading

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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. Continue reading

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SPECIAL REPORT: Accelerating Financial Inclusion in the Mekong through Collaboration

AtBanking With the Poor Network the 2016 Mekong Financial Inclusion Forum, MFIs and funders led this session’s discussion of collaboration. Kelly Hattel, Financial Sector Specialist for the Asian Development Bank, underscored “the importance of having national strategies for financial inclusion and having them be evidence-based. These are important…both as a donor individually and for Continue reading

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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, Continue reading

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MICROCAPITAL BRIEF: UN’s Livelihoods and Food Security Trust Fund (LIFT) Provides $10m to The Currency Exchange Fund (TCX) to Subsidize Third-party Lending in Local Currency to Microfinance Institutions in Myanmar

The Currency Exchange Fund (TCX), which is based in the Netherlands, recently raised USD 10 million from the UN-managed Livelihoods and Food Security Trust Fund (LIFT) to reduce the cost of foreign-exchange hedging for “impact lenders” funding microfinance institutions (MFIs) in Myanmar. TCX provides this hedging service, absorbing the currency-exchange risk on the loans, so the lenders can commit US dollars while the MFIs access funding denominated in kyat. Via multiple microloan repayment cycles over three years, the MFIs are expected to gain sufficient liquidity from the LIFT-supported facility to fund Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $22m in Burkina Faso, China, Colombia, El Salvador, Paraguay, Sri Lanka

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 22 million during November to unspecified microfinance institutions (MFIs) in Continue reading

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MICROCAPITAL BRIEF: Microfinance Institution EFC Tunisia Nets $2.1m from Agence Francaise de Developpement (AFD): Half for Technical Assistance, Half as Equity via Proparco

The Entrepreneurs Financial Centre (EFC) of Tunisia, a microfinance institution (MFI) operated by Canada’s Développement International Desjardins (DID), recently obtained an equity investment of EUR 1 million (USD 1.1 million) from Société de Promotion et de Participation pour La Coopération Economique (Proparco), a development finance institution of the French government’s Agence Francaise de Developpement (AFD). AFD also committed EUR 1 million (USD 1.1 million) for Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Institution EFC Tunisia Nets $2.1m from Agence Francaise de Developpement (AFD): Half for Technical Assistance, Half as Equity via Proparco Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: Symbiotics Issues $11m in Bonds for Coris Bank International of Burkina Faso

Symbiotics SA, a Swiss firm specializing in micro-, small and medium-sized enterprise investment, recently issued bonds totaling EUR 10 million (USD 10.6 million) for Coris Bank International SA, an institution in Burkina Faso whose mission includes a particular emphasis on serving small and medium-sized enterprises. The issue was transacted through Continue reading

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MICROCAPITAL BRIEF: 16 Additional Institutions Commit to World Bank’s Goal of Achieving Universal Financial Access by 2020

The US-based multilateral World Bank Group (WBG) recently announced that 16 additional financial institutions have committed to partner to work toward “universal financial access” (UFA) by 2020, bringing the size of the group to 30 organizations. The new partners, which have committed to helping a total of 168 million people open new transaction accounts by 2020, are:

(1) the Aga Khan Agency for Microfinance, which operates in Africa, Asia and the Middle East;
(2) Ant Financial (Ali Baba Group) of China; Continue reading

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MICROCAPITAL BRIEF: IFC, Cathay United Bank Loaning $50m to VPBank for SMEs in Vietnam with Support From Women Entrepreneurs Opportunity Facility

The International Finance Corporation (IFC), a member of the US-based World Bank Group, and Cathay United Bank, a Taiwan-based commercial bank, recently announced that they will each lend USD 25 million to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to support small businesses in Vietnam. Continue reading

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