MICROCAPITAL BRIEF: EBRD, TaiwanICDF Lending $4m to Moldovan Express Leasing

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will loan USD 4 million to Express Leasing and Microcredit, a non-bank financial institution in Moldova that has been owned by US-based private equity firm NCH Capital Group since 2009.

MICROCAPITAL BRIEF: Accion Microfinance Bank to Borrow $1.6m from Citibank Nigeria to Support 5k MSEs

Accion Microfinance Bank (Accion Nigeria), the Nigerian partner of US-based nonprofit Accion, recently announced it will borrow NGN 500 million (USD 1.58 million) from Citibank Nigeria, an arm of US-based financial services provider Citigroup, for on-lending to “support the development of approximately 5,000 micro and small enterprises in the country.”

MICROCAPITAL BRIEF: Myanmar Finance International Borrows $2m from Maybank, Symbiotics for Microfinance

Myanmar Finance International Limited (MFIL), a microfinance institution owned by Myanmar Investments International Limited (MIIL), Myanmar Finance Company Limited (MFCL) and the Norwegian Investment Fund for Developing Countries (Norfund), recently announced that it has secured a local-currency loan facility worth USD 1 million from Switzerland-based Symbiotics.

MICROCAPITAL BRIEF: Netherlands’ FMO Lending $7.5m to ASA Pakistan for Microloans, Financial Education for 50k Women

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently announced it will loan USD 7.5 million to the Association for Social Advancement (ASA) Pakistan, a microlending unit of Mauritius-based ASA International Holding, “to provide funding and financial education to about 50,000 women and their families.”

MICROCAPITAL BRIEF: Equator’s Shore Capital Fund III Raises $15m from AfDB to Invest in Financial Inclusion in Africa

The African Development Bank (AfDB), a multilateral institution providing loans and grants to governments and private companies in Africa, recently agreed to invest USD 15 million in Shore Capital Fund III, which is managed by Equator Capital Partners LLC, a US-based “impact” fund manager, with the goal of “expand[ing] access to affordable and responsible financial products and services for the underserved market.”

MICROCAPITAL BRIEF: Netherlands’ FMO Issues $344k Convertible Loan to Umati Capital Kenya, Fintech Funding Agricultural Value Chain Actors

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently announced it will finance Umati Capital Kenya, a financial technology (fintech) firm, with a convertible facility in local currency equivalent to USD 344,000.

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Syndicates $81m Loan for Banco Industrial do Brasil (BIB) to Support Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it has arranged a loan package of USD 81.2 million for Banco Industrial do Brasil (BIB).

MICROCAPITAL BRIEF: Women’s Financial Inclusion Community of Practice Launches Website

As part of its launch, the Women’s Financial Inclusion Community of Practice (COP) recently released its website, https://www.microfinancegateway.org/organization/womens-financial-inclusion-community-practice, which is intended to facilitate discussions on best practices and solving shared challenges relating to delivering financial services to women with low incomes.

MICROCAPITAL BRIEF: Entrepreneurship Program for Innovation in the Caribbean (EPIC) Organizing Angel Investors to Improve SME Support

The World Bank Group’s Entrepreneurship Program for Innovation in the Caribbean (EPIC) is providing a framework for “angel” investors to work together to entertain pitches from and fund the development of “start-ups and early-stage enterprises” in the Caribbean region.

MICROCAPITAL BRIEF: IFC Lending $5.6m to Romania’s Garanti Leasing to Finance Women-owned SMEs

Garanti Leasing, a subsidiary of the Garanti Group Romania specializing in financing real estate, vehicles and agricultural equipment, recently announced it will borrow EUR 5 million (USD 5.6 million) from the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, in order to increase funding for women-owned small and medium-sized enterprises (SMEs).

MICROCAPITAL BRIEF: IDB Loans Colombia $450m for Goals Including Facilitating Access to Capital for SMEs, Improving Financial Inclusion

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently announced it will extend a loan of USD 450 million to the government of Colombia with the goal of helping to “solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system [and] promote financial inclusion.”

MICROCAPITAL BRIEF: IFC Invests $4.5m in Medical Credit Fund to Support SME Providers of Healthcare in Africa

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced it will invest USD 4.5 million in the Medical Credit Fund (MCF), a unit of the Dutch nonprofit PharmAccess Group, to finance small and medium-sized enterprises (SMEs) that provide healthcare services in Africa.

MICROCAPITAL BRIEF: Solomon Islands’ National Provident Fund Launches youSave Retirement Savings Plan for Self-employed With Support from UN’s PFIP

The National Provident Fund, a government-backed retirement trust in the Solomon Islands, recently launched youSave, a savings plan designed to help self-employed islanders establish and contribute to retirement accounts as do “formally employed” citizens.

MICROCAPITAL BRIEF: IFC, Japan International Cooperation Agency (JICA) to Invest $1.5b in Infrastructure, Microfinance, SMEs Over 5 Years

The International Finance Corporation (IFC), a member of US-based World Bank Group, recently agreed to launch a multifaceted project in partnership with the Japan International Cooperation Agency (JICA), a development institution of the Japanese government.

MICROCAPITAL BRIEF: Hedge Fund Route One Buys 0.88% Equity Stake in India’s Bharat Financial Inclusion for $15m

US-based Route One Fund I LP recently spent approximately INR 990 million (USD 15.4 million) to purchase 0.88 percent of the shares of Bharat Financial Inclusion, a for-profit non-banking microfinance institution (MFI) in India, via an open market transaction.