Category: Key Players

MICROCAPITAL BRIEF: Philippines’ Securities and Exchange Commission (SEC) to Establish Microfinance NGO Regulatory Council

The Philippine Senate has recently passed Senate Bill 2752, also called the Microfinance NGOs Act, which directs the Securities and Exchange Commission (SEC), an agency of the Philippine government regulating the securities market in an effort to promote economic efficiency, to establish the Microfinance Non-Governmental Organization (NGO) Regulatory Council. [1] Continue reading

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MICROCAPITAL BRIEF: United Nations Announces Goals of “2030 Agenda for Sustainable Development”

The United Nations recently released the final version of, “Transforming Our World: The 2030 Agenda for Sustainable Development,” highlighting 17 sustainable development goals with 169 associated targets intended to eradicate poverty by the year 2030. Continue reading

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MICROCAPITAL BRIEF: India’s SIDBI Sets up $154m Fund to Support Micro-, Small and Medium-Sized Enterprises

The Small Industries Development Bank of India (SIDBI) recently announced that it has set up a fund with INR 10 billion (USD 154 million) to provide concessional financing to micro-, small and medium-sized enterprises (MSMEs) in the manufacturing sector. As per a statement released by SIDBI, the objective of the fund is to transform the Indian MSME sector into a “world class manufacturing hub” in line with the Indian government’s “make in India” program. Continue reading

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MICROFINANCE EVENT: 2015 Small Enterprise Education and Promotion (SEEP) Network Annual Conference, September 28 – October 1, 2015, Arlington, Virginia, USA

Event Name: 30th Small Enterprise Education and Promotion (SEEP) Network Annual Conference: Inclusion and Resilience: The Next Challenge

Event Date: September 28 – October 1, 2015

Event Location: Renaissance Arlington Capital View Hotel, Arlington, Virginia, USA Continue reading

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MICROCAPITAL BRIEF: Pakistan’s Apna Obtains Nationwide Microfinance Banking License

The State Bank of Pakistan (SBP), the country’s central bank, recently issued a nationwide microfinance banking license to Apna Microfinance Bank (Apna MFB) thereby enhancing its status from that of a district-based bank. This license permits Apna MFB to expand its operations outside the city of Karachi, Pakistan, where it operates five branches. Continue reading

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MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Donating up to $6m to World Council of Credit Unions (WOCCU) for Housing Development in Haiti

The United States Agency for International Development (USAID), the foreign assistance agency of the US government, recently agreed to give the World Council of Credit Unions (WOCCU), a US-based association of credit union groups in 54 countries, a donation up to USD 6 million under USAID’S “Home Ownership and Mortgage Expansion” (HOME) facility. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $1.5m to Première Agence de Microfinance – Burkina Faso, Côte d’Ivoire

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following loans: (1) The equivalent of approximately USD 676,000 in local currency over three years to Première Agence de Microfinance au Burkina Faso (PAMF – BF), a microfinance institution (MFI) in Burkina Faso; and (2) the equivalent of approximately USD 845,000 in local currency over three years to Première Agence de Microfinance Côte d’Ivoire (PAMF – CI), an MFI in Ivory Coast [1]. Continue reading

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MICROCAPITAL BRIEF: Microfinance Investor BlueOrchard of Switzerland Appoints Dr Patrick Schuerle as CEO

BlueOrchard Finance (BlueOrchard), a Switzerland-based commercial manager of microfinance investments, recently announced the appointment of Dr Patrick Schuerle as the organization’s new Chief Executive Officer as of January 1, 2016. Dr Schuerle will succeed Mr Peter Fanconi, who will serve as the Chairman of the Board from that time. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $22m Credit to Belinvestbank of Belarus for On-Lending to Micro-, Small and Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, is considering extending a credit line of EUR 20 million (USD 22 million) to Belinvestbank (BIB), a state-owned bank in Belarus. Continue reading

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MICROCAPITAL BRIEF: Société Générale Loans $21.2m to Microenterprises in Serbia; European Bank for Reconstruction and Development (EBRD) Guarantees $10.6m in Support of Financial Inclusion Via VisionFund’s AgroInvest

The European Bank of Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will extend a guarantee facility of RSD 1.15 billion (USD 10.6 million) of a credit line totaling RSD 2.3 billion (USD 21.2 million) to be disbursed by Société Générale Serbia, a subsidiary of the France-based financial institution Société Générale, to rural microenterprises in Serbia. Continue reading

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MICROCAPITAL BRIEF: Sanad, Bankmed Partner to Support Small, Medium-sized Enterprises (SMEs) in Lebanon

The Sanad Fund for MSME (micro-, small and medium-sized enterprise) (Sanad), a Luxembourg-based organization that provides “medium- and long-term”[1] debt and equity to financial institutions in the Middle East and North Africa region, has recently announced the disbursement of a loan of USD 15 million to Bankmed, a Lebanese commercial bank regulated by the Central Bank of Lebanon. Continue reading

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MICROCAPITAL BRIEF: World Economic Forum (WEF) Leaders Aim for Cooperation among Regulators for Financial Inclusion in Africa

During the World Economic Forum (WEF) in South Africa, business and political leaders from multiple African countries including Kenya, Nigeria, and South Africa among others, emphasized the need for collaboration among regulators in order to promote financial inclusion globally. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Planning to Loan $50m to Bank CenterCredit of Kazakhstan for On-lending to Micro, Small, Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is considering the disbursement of KZT 9.3 billion (USD 50 million) to Bank CenterCredit, a commercial bank in Kazakhstan. Continue reading

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MICROCAPITAL BRIEF: Canada to Contribute $10m to International Organization of La Francophonie to Promote Entrepreneurship in Sub-Saharan Africa

The International Organization of La Francophonie (IOF), a Paris-based organization of 80 French-speaking countries, and the government of Canada recently announced an agreement under which Canada would contribute approximately USD 10 million to IOF to promote employment for women and youth through entrepreneurship in francophone Sub-Saharan Africa. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10m to BasisBank of Georgia for On-lending to Small, Medium-sized Enterprises (SMEs); Energy Efficiency Projects

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, has announced that it is “deepening its partnership”[1] with Georgia’s BasisBank by disbursing it a credit package of USD 31.5 million. Continue reading

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MICROCAPITAL BRIEF: International Labour Office’s (ILO’s) Impact Insurance Facility, Agence Francaise de Developpement (AFD) Seek to Stimulate Innovation in Microinsurance in Sub-Saharan Africa

The Impact Insurance Facility of the UN’s International Labour Office (ILO) and the French government’s Agence Francaise de Developpement (AFD) recently signed a three-year partnership seeking to strengthen the resilience of middle-income workers in the informal sector in Sub-Saharan Africa. Financial details of this partnership have not been reported. Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Seeks Partners for Customer-Centric Financial Services Project

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center devoted to worldwide growth of financial access, is searching for financial service providers with whom to partner to increase customer centricity within the providers’ systems. Continue reading

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