Category: Key Players

MICROCAPITAL BRIEF: Incofin Sells 55% Equity Stake in Colombian Microfinance Institution Crezcamos to Its Founder, Mauricio Osorio

Belgium’s Incofin Investment Management recently informed MicroCapital that its Rural Impulse Funds I and II have sold all of their shares of Crezcamos, a Colombian microfinance institution (MFI), to Continue reading

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SPECIAL REPORT: Christoph Pausch of e-MFP on Housing Finance and the 2017 European Microfinance Award

MicroCapital:European Microfinance Platform Why was housing selected as the theme of this year’s European Microfinance Award?

Christoph Pausch: It’s really a question of staying true to the underlying purpose of the Award: to highlight practices that are outside the microfinance mainstream, but are financially sustainable and deliver significant Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) Places $10m Equity Investment in Satin Creditcare Network to Support Microfinance for Women in Rural India

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently made an equity investment of USD 10 million in Satin Creditcare Network Limited, a for-profit Indian microfinance institution (MFI). The funding will be used to “expand and broaden” the institution’s services for unserved Continue reading

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MICROCAPITAL BRIEF: EBRD, TaiwanICDF Loan $44m to Romania’s Banca Transilvania for Residential Energy Efficiency

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced that it will disburse a loan of EUR 40 million (USD 44 million) to Banca Transilvania, a Romania-based bank, in order to improve energy efficiency in residences in the country. The funds will come from the Green Economy Financing Facility Continue reading

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MICROCAPITAL BRIEF: Vision Microfinance Funds of C-Quadrat Loan $45m in Countries Including Bangladesh, Cambodia, Tajikistan, Nicaragua

C-Quadrat Asset Management recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 45 million during April to unidentified providers of financial services in a range of countries including Cambodia, Nicaragua and Tajikistan as well as – for the first time – Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1]. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $5m to Accion’s Early Dawn Microfinance to Support Women Entrepreneurs in Myanmar

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan Myanmar-based Early Dawn Microfinance Company Limited USD 5 million. Dawn lends to low-income women in living in urban and peri-urban areas. Continue reading

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MICROFINANCE EVENT: Global Forum on Remittances, Investment and Development 2017; June 15-16, 2017; New York, United States

Event Name: The Global Forum on Remittances, Investment and Development 2017

Event Date: June 15 – 16, 2017

Event Location: United Nations Headquarters, New York, New York, United States

Summary of Event: This two-day event will address ways to achieve the United Nations Goals for Sustainable Development through discussions of global governance, migrant investment Continue reading

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MICROFINANCE EVENT: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion; May 22 – 23, 2017; Kuala Lumpur, Malaysia; Asian Banking School Training for Practitioners; May 24 – 26, 2017

Event Name: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion

Dates: May 22 – May 23, 2017

Location: Kuala Lumpur, Malaysia

Summary of Event: This symposium will consist of discussions and presentations on scaling up through innovative channels, deploying digital credit, design thinking, using “big data,” and credit risk assessment and risk management [1]. Following the symposium, the Asian Banking School is offering a three-day training Continue reading

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MICROFINANCE EVENT: Social Performance Task Force (SPTF) Annual Meeting; June 6 – 8, 2017, Mexico City, Mexico

Event Name: Social Performance Task Force 2017 Annual Meeting

Event Date: June 6 – June 8, 2017

Event Location: Mexico City, Mexico

Summary of Event: This meeting will include plenary speeches, working group meetings and networking sessions relating to financial inclusion regulation, social outcomes data collection, and analysis and advances in “client-centric” technology [2]. The event will begin with an introductory session on the Universal Standards for Social Performance Management (SPM) and the resources available to financial service providers for measuring and improving their social performance. This is the first time this event is taking place in Latin America since 2013. Continue reading

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MICROFINANCE EVENT: Dot Finance Africa Presents Its Second Fintech Conference on May 17 – 18, 2017 in Kigali, Rwanda

Event Name: Dot Finance Africa

Event Date: May 17 – May 18, 2017

Event Location: Kigali, Rwanda

Summary of Event: This event will include speeches and discussions on financial technology (fintech) topics including artificial intelligence, blockchain databases, client protection, collaboration, Continue reading

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MICROCAPITAL BRIEF: World Bank Providing $130m for Financial Inclusion Effort in Pakistan

The government of Pakistan recently announced the start the Pakistan Financial Inclusion and Infrastructure Project with funding totaling USD 130 million from two arms of the World Bank, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Three Pakistani organizations will carry out the project: the Pakistan Microfinance Investment Company, a new organization funded by Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $46m, Largely in Asia, Panama, Tanzania

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 46 million to unidentified providers of financial services in Cambodia, India, Panama, Sri Lanka, Tanzania and Continue reading

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MICROFINANCE EVENT: 5th European Research Conference on Microfinance; June 12 – 14, 2017; Portsmouth, UK

Event Name: 5th European Research Conference on Microfinance

Event Date: June 12 – June 14, 2017

Event Location: Portsmouth, United Kingdom Continue reading

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MICROCAPITAL BRIEF: CreditAccess Asia Raises $103m in Equity from Investors Including Asian Development Bank, Istituto Atesino di Sviluppo, Olympus Capital

CreditAccess Asia, which is based in the Netherlands and provides microfinance services in four countries in Asia, recently acquired new equity investments totaling EUR 95 million (USD 103 million). The investors include the Asian Development Bank (ADB) and Italian private equity firm Istituto Atesino di Sviluppo. Olympus Capital Asia, a previous equity investor in CreditAccess, was among the investors increasing their stakes through the conversion Continue reading

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MICROCAPITAL BRIEF: NpM, Rabobank, FMO Promote Satellite Data to Help Farmers Improve Yields, Access Finance

The NpM Platform for Inclusive Finance, formerly known as the Netherlands Platform for Microfinance, and the Rabobank Foundation, an affiliate of the Dutch cooperative Rabobank, recently launched an effort called “Geodata for Inclusive Finance and Food Security.” The goal is to encourage the use of satellite data to improve agricultural yields, for example by Continue reading

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SPECIAL REPORT: Application Period Open for $106k European Microfinance Award on Housing Until May 22

The European Microfinance PlatformEuropean Microfinance Platform (e-MFP) has begun accepting applications for the eighth iteration of its European Microfinance Award, which is focused this year on financing housing improvements for people with low incomes. The deadline to apply is May 22. The award, which includes a cash prize of EUR 100,000 (USD 106,000), will be presented at European Microfinance Week, which is being held Continue reading

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MICROCAPITAL BRIEF: Incofin’s agRIF Raises $27m for Financial Inclusion in Agriculture from Investors Including AXA, KBC, Korys, Invest in Visions, MRBB

Belgium’s Incofin Investment Management recently informed MicroCapital that its agRIF, the successor to the Rural Impulse Funds I and II, has raised USD 27 million in unspecified portions from multiple investors, bringing its size Continue reading

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