MicroCapital: The Mastercard Foundation is organizing a session at SAM (Semaine Africaine de la Microfinance) on “Envisioning agriculture as a business for youth in Africa.” What tools do youth need to be successful in agriculture?
Ann Miles: Learning and training is critical for youth to succeed in whatever they undertake, so we offer scholarships for talented but underprivileged youth to obtain secondary and university education. Once they graduate, we assist young people in finding work in agriculture; accessing finance or training for entrepreneurship; or developing the “soft skills” necessary to succeed in any job, such as networking, communication, or demonstrating reliability and resourcefulness.
Studies consistently have shown that
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it has provided a loan
The Pacific Financial Inclusion Program, a Fiji-based initiative of the UN that works to extend financial services to unbanked Pacific Islanders, recently granted USD 450,000 to the Solomon Islands’ Inland Revenue Division (IRD) with the goal of increasing the availability of electronic payment channels for taxes paid by “123,800 wage and salary employees, 200 corporate taxpayers and 3,684 small businesses.”
During July and August, Italy’s MicroFinanza Rating (MFR) issued five microfinance institutional ratings. Morocco’s Attadamoune Micro-Finance was assigned the grade B+ with a stable outlook. Ecuador’s Fundación Espoir and Albania’s FED Invest both earned grades of BB with stable outlooks. Two institutions earned grades of
“Offshore Financial Centers for Financial Inclusion: A Marriage of Convenience;” by Sam Mendelson and Daniel Rozas; published by the Center for Financial Inclusion (CFI) at Accion; June 2017; 14 pages; available at:
This paper explores the use of offshore financial centers (OFCs) based on interviews with 13 equity impact investors.
The Reserve Bank of India, India’s central banking authority, recently released its “Compendium of Guidelines on Financial Inclusion and Development” for small finance banks, a new classification of institutions intended to increase the “supply of credit to micro- and small enterprises (MSEs), [as well as] agriculture and banking services in unbanked and under-banked regions in the country.”
The Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced it will loan USD 20 million to Byblos Bank, a commercial bank based in Lebanon, to on-lend to small and medium-sized enterprises (SMEs).
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is expanding its “Women in Business” programme to Tajikistan with an investment of USD 10 million.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it is extending its partnership with QNB Finansbank, a commercial bank in Turkey, with a five-year loan of USD 55 million under EBRD’s “Women in Business” programme.
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently announced it will loan USD 12.5 million and provide advisory services to Georgia-based joint-stock company (JSC) Terabank.
German development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has issued a trade finance loan of USD 3 million to Enterprise Cooperative Kimbe (Ecookim), a union of 23 cooperatives in Cote d’Ivoire.
Germany-based development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has loaned USD 750,000 to Cooperativa DelosAndes, a Colombia-based coffee cooperative, to co-finance a wet mill.
US-based financial services firm Morgan Stanley has reported that it raised USD 125 million for its recently launched Private Markets Fund Integro Fund I, the firm’s first “global impact fund,” which will be managed by Alternative Investment Partners (AIP) Private Markets, Morgan Stanley’s private equity arm.
The Institute for Sustainable Investing, a unit of US-based financial services firm Morgan Stanley, in collaboration with The Economist Intelligence Unit, a UK-based advisory affiliated with The Economist magazine, recently released the 2017 Inclusive Growth Opportunities Index, a report on investment opportunities intended to increase access to education, healthcare and finance as well as “gender inclusion.”
The Bank of the Philippine Islands (BPI), which is owned by the Philippines’ Ayala Corporation, recently created BPI Direct BanKo, a microfinance bank intended to cater to “self-employed micro-entrepreneurs.”
Event Name: Scaling Impact Investing: A Conversation Among Senior Leaders
Event Date: September 18, 2017
Event Location: New York, New York, USA
Cost: There is no fee to attend, but registration is open only to staff of organizations that are members of the Global Impact Investing Network (GIIN).
Summary of Event: This event will include “a showcase of large-scale blended finance funds” as well as discussions on investing in line with the UN’s Sustainable Development Goals [1, 2].
Kiva, a US-based, nonprofit crowdfunding platform for microfinance institutions (MFIs), recently launched its World Refugee Fund to raise money online from individuals for on-lending to institutions serving cross-border refugees and people who have been internally displaced.
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced it will loan RSD 615 million (USD 6 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, “to support small businesses, especially in rural areas.”