Category: Key Players

MICROCAPITAL BRIEF: Accion Launches $10m Venture Lab to Invest in Microfinance Institutions, Other Financial Inclusion Start-Ups

Accion, a US-based nonprofit microfinance organization, recently announced that it has launched Venture Lab, a USD 10 million investment vehicle that will provide seed capital to financial inclusion start-ups across the world. 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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MICROCAPITAL BRIEF: Asian Development Bank (ADB) to Lend $20m to Chinese Banks to Support Microfinance Institutions in Rural China

The Asian Development Bank (ADB), a multilateral institution based in the Philippines, will provide a loan facility of CNY 130 million (USD 20.6 million) to unspecified partner banks to “help them build their wholesale lending capacity to microcredit companies” in central and western China. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Spain, Netherlands, Luxembourg Partner to Support Mobile Financial Services in Remote Regions of Latin America, Caribbean

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is working to encourage the provision of “mobile financial services to underserved populations in remote areas of Latin America and the Caribbean.” Continue reading

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MICROCAPITAL BRIEF: Bangladesh-based BRAC to Expand Microfinance, Health, Education, Agricultural Projects in Tanzania

BRAC (formerly the Bangladesh Rehabilitation Assistance Committee), a Bangladeshi nonprofit development organization, reportedly has announced plans to expand “pro-poor development projects in health, education, microfinance, farming and livestock sector” in Tanzania within an unspecified timeframe. Continue reading

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MICROCAPITAL BRIEF: “Istanbul Declaration” Proposes Discussion of Income Inequality, Women’s Empowerment, Environmental Sustainability at United Nations (UN) “Rio + 20” Conference in Brazil in June

Participants in last week’s United Nations (UN) Global Human Development Forum in Istanbul, Turkey, have adopted an “Istanbul Declaration” that calls for unified action against global social inequities and environmental degradation at the UN “Rio + 20” Conference on Sustainable Development to be held in Brazil in June 2012. Continue reading

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MICROCAPITAL BRIEF: Informal Savings in Rural Rwanda through Voluntary Savings and Loan Scheme Reaches $3.18m

NGO CARE Rwanda, a branch of Swiss relief agency CARE International (CARE), reportedly stated that the amount of rural informal savings have reached approximately RWF 1.9 billion (USD 3.18 million) as part of its Voluntary Savings and Loan (VSL) scheme targeting Rwanda’s unbanked population. Continue reading

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MICROCAPITAL BRIEF: Japan International Cooperation Agency (JICA) Invests $2.6m in First MicroFinance Bank Limited-Pakistan (FMFB-P)

The Japan International Cooperation Agency (JICA), a development institution of the Japanese government, has signed a subscription agreement with the First MicroFinance Bank Limited-Pakistan (FMFB-P) to invest PKR 240 million (USD 2.6 million) in the microbank to assist in FMFB-P’s expansion of microfinance operations in Pakistan. Continue reading

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MICROCAPITAL BRIEF: Freedom from Hunger, Oikocredit to Implement Health Protection Through Microfinance Institutions in Ecuador, Peru

Freedom from Hunger, a US-based non-governmental organization that aims to alleviate poverty, and Oikocredit, a Dutch cooperative investment fund, plan to partner with six microfinance institutions (MFIs) in the Andes mountains of Ecuador and Peru to implement Freedom from Hunger’s microfinance and health protection model. Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Completes Securitization Deal Totaling $63m

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly has raised INR 321 crore (USD 63 million) from four undisclosed banks “by selling securities backed by pools of loans to woman borrowers outside its home state of Andhra Pradesh.” Continue reading

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MICROCAPITAL BRIEF: Global Human Development Forum to Issue “Istanbul Declaration” on Social Justice Issues to be Raised at United Nations “Rio + 20” Conference on Sustainable Development

The United Nations’ (UN’s) Global Human Development Forum, which has begun in Istanbul, Turkey, will involve the discussion of social justice and environmental protection issues to be negotiated at the UN “Rio + 20” Conference on Sustainable Development, which will be held in Rio de Janeiro, Brazil, in June 2012. Continue reading

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MICROCAPITAL BRIEF: GABV Report: Microfinance Institutions, “Values-Based” Banks Stronger than Mainstream Banks

The Global Alliance for Banking on Values (GABV), a nonprofit network of 15 “values-based” banks, released a report it commissioned at its recent annual conference in the Canadian city of Vancouver, British Columbia, suggesting that values-based banks (VBBs), banks that prioritize social progress, are financially stronger than mainstream banks. Continue reading

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MICROFINANCE EVENT: Sixth Annual University of Pennsylvania Microfinance Conference, “Microfinance 2.0: An Agenda for Revival”, March 24, 2012, Philadelphia, USA

Event Name: Sixth Annual Penn Microfinance Conference “Microfinance 2.0: An Agenda for Revival”

Event Date: March 24, 2012

Event Location: Jon M Huntsman Hall, The Wharton School, University of Pennsylvania, 3730 Walnut Street, Philadelphia, Pennsylvania, USA Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation, USAID Issue $1m Guarantee to Microfinance Institution Proempresa of Peru

Grameen Foundation, a US-based nonprofit organization that aims to help microfinance institutions (MFIs) replicate Grameen Bank’s joint-liability lending model, and the United States Agency for International Development (USAID), a government agency that provides economic and humanitarian assistance, have issued a USD 1 million joint guarantee to support Proempresa, a Peru-based MFI. Continue reading

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