MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), European Bank for Reconstruction and Development (EBRD) Loan $4m to Mikrokreditna Fondacija Mi-Bospo of Bosnia and Herzegovina

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently notified MicroCapital that it has opened a EUR 1.5 million (USD 1.9 million) credit line for Mikrokreditna Fondacija Mi-Bospo, a microlender in Bosnia and Herzegovina (BiH) that loans exclusively to women [1].

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considering $100m in Loans for National Bank of Egypt for Micro-, Small, Medium-Sized Enterprises; Trade Finance

The UK-based European Bank for Reconstruction and Development (EBRD) recently revealed the pending approval of a finance facility of up to USD 100 million for the National Bank of Egypt (NBE), which is wholly owned by the Egyptian government.

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $13m to Newly Launched Sberbank BH of Bosnia and Herzegovina for Housing, Micro- and Small Enterprise (MSE)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment company, and Sberbank BH, the Bosnia and Herzegovina branch of government-owned Sberbank of Russia, recently signed a EUR 10 million (USD 13.3 million) loan agreement.

MICROCAPITAL BRIEF: Caterpillar Foundation Donates $19m to Opportunity International to Reach 17m People in Africa, Asia and Latin America

Opportunity International, a US-based nonprofit organization that provides financial services to poor people in 24 countries, recently announced that Caterpillar Foundation, the philanthropic arm of US-based equipment manufacturer Caterpillar Inc., has granted Opportunity two multi-year donations totaling USD 19.2 million [1].

MICROCAPITAL BRIEF: Sanad Fund for MSME to Loan $2m to Al Majmoua of Lebanon for Microenterprises

The Sanad Fund for MSME (micro-, small and medium-sized enterprises), an initiative that invests in financial institutions in the Middle East and North Africa, recently agreed to grant a senior loan facility of USD 2 million to Al Majmoua, a Lebanese nongovernmental organization (NGO) that lends to microenterprises.

MICROCAPITAL BRIEF: FINCA Becomes Majority Shareholder of Kashf Microfinance Bank of Pakistan with $8.4m Investment

Kashf Microfinance Bank Limited (KMBL), a Pakistan-based microfinance bank (MFB), recently announced an equity injection of PKR 824.7 million (USD 8.4 million) from FINCA Microfinance Coöperatief U.A., a Netherlands-based entity controlled by US-based NGO FINCA International.

MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU) Receives $2.45m from UN’s MicroLead for Liberia Credit Union National Association

The World Council of Credit Unions (WOCCU), a US-based association of credit union trade groups in 54 countries, recently received a four-year, USD 2.45 million grant from the United Nations Capital Development Fund’s (UNCDF’s) MicroLead program that it will direct to its new member organization, the Liberia Credit Union National Association (LCUNA), a network of 300 credit unions in Liberia that serve 36,000 individuals.

MICROCAPITAL BRIEF: IFC Loans $70m to SB Sberbank of Kazakhstan to Support Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it would loan the local-currency equivalent of USD 70 million to Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) in Kazakhstan, a subsidiary of government-owned Sberbank of Russia, in an effort to increase financial access for small and medium-sized enterprises (SMEs) in Kazakhstan [1].

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Arranges $470m in Loans for Itau Unibanco of Brazil for Women Entrepreneurs, Funded by Bank of America, Bank of Tokyo Mitsubishi, National Bank of Abu Dhabi, Development Bank of Japan

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced it will disburse a local-currency loan equivalent to USD 470 million to Itau Unibanco, a Brazilian bank, in an effort to increase the financial inclusion of women-owned enterprises in Brazil.

MICROCAPITAL BRIEF: International Finance Corporation (IFC), European Investment Bank (EIB), Agence Française de Développement (AFD), European Commission Establish $380m Middle East, North Africa Small, Medium-Sized Enterprises Facility

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it is partnering with the European Investment Bank (EIB), the long-term lending bank of the European Union (EU); Agence Française de Développement (AFD), France’s international development agency; and the European Commission, the legislative body of the EU, via the Neighborhood Investment Facility (NIF), to establish a USD 380 million financing facility for small and medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA).

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considering $78m Facility for Sekerbank of Turkey for Micro-, Small, Medium-Sized Enterprises

The UK-based European Bank for Reconstruction and Development (EBRD) recently revealed the pending approval of a EUR 60 million (USD 78 million) finance facility for Sekerbank T.A.S., a Turkish commercial bank.

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $2.6m to Mobiasbanca – Groupe Société Générale of Moldova for Residential Energy Efficiency

In an effort to boost residential energy efficiency in Moldova, the UK-based European Bank for Reconstruction and Development (EBRD) recently loaned EUR 2 million (USD 2.6 million) to Mobiasbanca, a Moldovan commercial bank and subsidiary of France-based Groupe Société Générale SA, to be on-lent to individual households, housing associations, management companies, condominiums and energy service companies.

MICROCAPITAL BRIEF: European Commission, European Investment Bank Launch Small, Medium-Sized Enterprise Financing Website

The European Commission (EC), the legislative body of the European Union (EU), recently introduced an online portal featuring small and medium-sized enterprises (SME) stock prices and providing SMEs with information on the following EC programs: the Competitiveness and Innovation Program (CIP), which offers business support services; European Progress Microfinance Facility, which supports microcredit providers; Risk Sharing Instrument Facility (RSI), which supports debt financing to SMEs for research, development and innovation projects; and the Joint European Resources for Micro to Medium Enterprises (JEREMIE), which allows EU member states to use EU structural funds to finance SMEs via equity, loans or guarantees [1].

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $10m to KazMicroFinance of Kazakhstan for Micro-, Small, Medium-Sized Enterprises in Rural Areas

The UK-based European Bank for Reconstruction and Development (EBRD) will loan the local-currency equivalent of USD 10 million to KazMicroFinance (KMF), a Kazakhstan non-banking financial institution, in an effort to increase access to credit for micro-, small and medium-sized enterprises in rural areas of the country [1].

MICROCAPITAL EVENT: 3rd Latin American Forum on Social Performance: Responsible Finances and Development, June 3-4, 2013, Panama City

Event Name: 3rd Latin American Forum on Social Performance: Responsible Finances and Development

Event Date: June 3-4, 2013

Event Location: Continental Hotel, Via Espana and Ricardo Arias Street, Panama City, Republic of Panama

MICROCAPITAL BRIEF: State Bank of Pakistan’s Credit Guarantee Scheme for Small, Rural Businesses Extends Loan Repayment Term to 5 Years

The State Bank of Pakistan’s (SBP’s) Credit Guarantee Scheme for Small and Rural Businesses (CGS), which aims to increase financing to small and medium-sized enterprises (SMEs) in rural areas via retail banks, reportedly will extend client loan terms from three years to five years in an effort to increase economic opportunities by facilitating the purchase of tractors and other agricultural tools.

MICROCAPITAL BRIEF: PKF Chartered Accountants Advises Royal Bank Zimbabwe to Downscale to Microfinance Institution

PKF Chartered Accountants, the Zimbabwean member of UK-based businesses services firm PKF International, reportedly has advised Royal Bank Zimbabwe Limited, a defunct bank, to convert its commercial banking license to a microfinance institution (MFI) license, which carries lower capital requirements set by the Reserve Bank of Zimbabwe (RBZ), the country’s central banking institution.