Category: Key Players

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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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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