Category: Key Players

MICROCAPITAL BRIEF: US Secretary of State Hillary Clinton Expresses Concern over Investigation of Bangladeshi Microfinance Institution Grameen Bank

US Secretary of State Hillary Clinton has expressed her support for Nobel Peace Laureate Dr Muhammad Yunus and urged the Bangladeshi government “not to undermine the independence of the Grameen Bank.” Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), West African Monetary Union (UEMOA) to Establish Credit Bureau to Support Small-scale Businesses

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with the eight countries of the West African Monetary Union (UEMOA in French) to increase access to finance for the region’s small-scale businesses. Continue reading

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MICROCAPITAL BRIEF: South Korea Donates $1m to International Finance Corporation (IFC) to Support Small and Medium-sized Enterprises

The Korean Ministry of Strategy and Finance (MOSF) has signed an agreement with the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, to provide USD 1 million to support programs for small and medium-sized enterprises (SMEs) in emerging markets. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $16m to Agricover Credit to Increase Funds for Farmers in Romania

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a loan of EUR 12.5 million (USD 16.5 million) to agriculture-based financial institution Agricover Credit IFN to increase lending to farmers in Romania and promote modernization in the industry. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), SANASA Insurance to Provide Microinsurance to Farmers in Sri Lanka

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with Sri Lankan microinsurance company SANASA (Thrift, Credit and Cooperative Society in Sinhala) Insurance to “develop flexible, affordable, weather-based agricultural insurance products in Sri Lanka to minimize the impact of crop losses due to floods or droughts.” Continue reading

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MICROCAPITAL BRIEF: Grameen-Jameel Loans $1.5m to Jordan Micro Credit Company (Tamweelcom)

Grameen-Jameel Microfinance Limited, a joint venture of the US-based Grameen Foundation and the UK-based Abdul Latif Jameel Foundation, reportedly has provided a loan of USD 1.5 million to the Jordan Micro Credit Company (Tamweelcom), a Jordan-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), UK’s Department for International Development (DFID) Invest $263m in New Global SME Finance Facility

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has invested USD 200 million in the Global SME Finance Facility, a program that combines “donor funding with funding from international development institutions to expand lending to small businesses in emerging markets.” Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Launches $65m East African Community Microfinance Facility

The European Investment Bank (EIB), the investment body of the European Union, has launched the East African Community Microfinance Facility, a EUR 50 million (USD 65.4 million) loan program to “encourage job creation and increase access to long-term funding for micro and small enterprises” in East Africa. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $13m to Ohridska Banka of Macedonia to Increase Lending to Small and Medium-sized Enterprises

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 10 million (USD 13.1 million) to Macedonia’s Ohridska Banka “to increase access to finance for small and medium enterprises and boost economic recovery in the country.” Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to NBD Bank of Russia to Support Small Businesses

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a five-year loan of RUB 300 million (USD 10 million) to Russia-based NBD Bank to support small businesses in small company towns in central Russia. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $25m in Indian Equity Firm BanyanTree, Investor in SMEs

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to invest up to USD 25 million in India-based private equity firm BanyanTree Capital Advisors Limited, and investor in small and medium-sized enterprises (SMEs) in India. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $10m in Equity in Chilean Insurer Aseguradora Magallanes

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has invested USD 10 million in equity in Chilean insurance company Aseguradora Magallanes (AM) in an effort to expand the availability of insurance products, such as life and agribusiness insurance, to owners of under-served small businesses in Chile. Continue reading

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