Category: Key Players

MICROCAPITAL BRIEF: Controversy Erupts as For-Profit Fintech Provider MyBucks Buys 6 African Microfinance Organizations from Nonprofit Opportunity International

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MICROCAPITAL BRIEF: International Finance Corporation Investing Up To $70m in Debt in India-based Microfinance Institutions Grameen Koota, Janalakshmi Financial Services

The International Finance Corporation, a member of the World Bank Group, recently announced that it will invest up to INR 1.35 billion (USD 20 million) in Grameen Koota Financial Services Ltd (GFSPL) and INR 3.4 billion (USD 50 million) in Janalakshmi Financial Services (JFS), Bangalore-based microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: IntelleGrow Raises $20m in Debt, Equity to Fund Micro-, Small, Medium-sized Enterprises in India

IntelleGrow Private Limited, an India-based nonbanking financial company specializing in venture debt that was founded by India’s Intellecap Capital Advisory Services, recently announced that it has raised INR 134 billion (approximately USD 20 million) in equity and debt. Continue reading

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MICROCAPITAL BRIEF: Bâtisseur de Richesse (BR SARL) Among 50 Microfinance Institutions Closed in Gabon, David Mapakou Arrested For Alleged Savings Fraud

The Ministry of Economy of Gabon recently froze the activities of 50 microfinance institutions that lacked  approval to offer microfinance services. Continue reading

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MICROCAPITAL BRIEF: The MasterCard Foundation Donates $12m to Microcred to Increase its Client Reach in Ivory Coast, Madagascar, Senegal to 1.2m by 2019

The Microcred Group, a France-based for-profit microfinance company and member of Positive Planet, recently announced it has been funded by The MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, to launch a financial inclusion programme in Ivory Coast, Madagascar and Senegal. Continue reading

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MICROCAPITAL BRIEF: FMO, ABN Amro, Privium Open FMO Privium Impact Fund to Invest in Job Creation, Environmental Efforts in Emerging Markets

Three Dutch institutions, development bank Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), Algemene Bank Nederland (ABN) Amro, and fund manager Privium, recently announced the opening of the FMO Privium Impact Fund. Continue reading

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MICROCAPITAL BRIEF: DiD Supports Microfinance Institution Kafo Jiginew in Offering “Input Savings” Voucher Plan to Help Farmers in Mali Buy Improved Pesticides

Developpement international Desjardins (DiD), a nonprofit unit of Canada’s cooperative Desjardins Group that promotes financial services in developing countries, recently partnered with Kafo Jiginew, a microfinance institution in Mali, to help it introduce a savings plan intended to address the fact that small-scale farmers often run out of funds between harvest and planting time. Continue reading

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SPECIAL REPORT: 7th European Microfinance Award: $112k for Education Funding

Christoph Pausch serves as Executive Secretary of the European Microfinance Platform (e-MFP). The European Microfinance Award is jointly organised by the Luxembourg Ministry of Foreign and European Affairs, e-MFP and the Inclusive Finance Network Luxembourg. For more details, please visit http://www.european-microfinance-award.com.

MicroCapital: Why is education access the topic of this year’s Award?

Christoph Pausch: Education is the strongest predictor of economic
well-being, and it can also have a major impact on health, women’s empowerment and even population growth. Unfortunately, Continue reading

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MICROCAPITAL BRIEF: EIB Pledges Venture Capital to Microfinance Institutions, Microfinance Investment Vehicles Operating in the Southern Mediterranean

The European Investment Bank (EIB), the long-term lending institution of the European Union (EU), recently pledged to create a venture capital scheme to support microfinance institutions and microfinance investment vehicles operating in the Middle East and North Africa within the next four months. Continue reading

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MICROCAPITAL BRIEF: IFC Lends Burgan Bank of Turkey $60m to Boost Local SMEs’ Access to Finance

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it has loaned USD 60 million to Burgan Bank A.S., the Turkish subsidiary of Kuwait’s Burgan Bank Group. Continue reading

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MICROFINANCE PAPER WRAP-UP: Guidance on the Application of the Core Principles for Effective Banking Supervision to Institutions Relevant to Financial Inclusion, published by the Basel Committee

“Guidance on the Application of the Core Principles for Effective Banking Supervision to the Regulation and Supervision of Institutions Relevant to Financial Inclusion”, published by the Basel Committee on Banking Supervision, December 2015, 55 pages, available at http://www.bis.org/bcbs/publ/d351.pdf Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $22m to Fibabanka of Turkey to Support Micro-, Small-scale Agriculture

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced it has loaned Fibabanka, a Turkish commercial bank, EUR 20 million (approximately USD 22 million) to finance micro- and small enterprises (MSEs) working in the Turkish agricultural sector. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Investments Loans $15m to Trustco of Namibia for Education Funding

ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan USD 15 million to Trustco Group Holdings Limited (Trustco), a company based in Windhoek, Namibia, that specializes in microfinance, micro-insurance and financial education. Continue reading

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SPECIAL REPORT: June 1 is Deadline for $114k European Microfinance Award: “Microfinance and Access to Education”

June 1 is the deadline to apply for the seventh European Microfinance Award, which is themed “Microfinance and Access to Education” and includes the opportunity to win EUR 100,000 (approximately USD 114,000). Continue reading

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MICROCAPITAL BRIEF: IFC Invests $25m in Debt in First National Bank Zambia, Primarily For Agricultural SMEs

International Finance Corporation (IFC), a member of the World Bank Group, recently loaned USD 25 million to First National Bank Zambia (FNB Zambia), a subsidiary of FirstRand Group South Africa. Continue reading

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MICROCAPITAL BRIEF: IFC Invests $7.5m in Debt, Equity in Microfinance Institution Maha Agriculture of Myanmar

The International Finance Corporation (IFC), a member of the World Bank Group, recently invested USD 6 million in debt and USD 1.5 million in equity in Maha Agriculture Public Company Limited, a microfinance subsidiary of Myanma Awba Group <http://www.awba-group.com/>, an agrochemical fertilizer company in Myanmar. Continue reading

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MICROCAPITAL BRIEF: Global Impact Investing Network (GIIN) Updates Impact Reporting and Investment Standards (IRIS)

The Global Impact Investing Network (GIIN), a nonprofit organization dedicated to increasing the effectiveness of investments intended to solve social and environmental problems, recently announced it launched an updated version of the Impact Reporting and Investment Standards (IRIS), a free tool intended to support the transparency, credibility and accountability of impact measurement. Continue reading

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