Category: Key Players

MICROCAPITAL BRIEF: Private Equity Firms Investing in Indian Microfinance Institutions (MFIs) After Two-Year Hiatus

Private equity firms are beginning to invest in Indian microfinance institutions (MFIs) that offer products such as insurance, pension plans and chit funds in order to diversify their portfolios. It is reported that private equity firms have invested INR 7.5 billion (USD 138 million) in Indian MFIs this year, as compared to INR 2.5 billion (USD 46 million) invested in 2011. Continue reading

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MICROCAPITAL BRIEF: To Boost Usage, Mobile Money Service Providers in Nigeria Told To Focus on the Unbanked

A representative of the Nigerian arm of Accenture, a consulting firm with its headquarters in Dublin, Ireland reportedly has advised mobile money service providers in Nigeria to re-strategize their operations so as to increase patronage of their services. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Daiwa Securities of Asia to Issue Microfinance Bond in South Africa, Turkey

The International Finance Corporation (IFC), a member of the US-based World Bank Group, will issue a microfinance bond to Japanese retail and institutional investors in an effort to expand financial access for poor people in South Africa and Turkey. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $453k to Opportunity Microcredit Romania

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment fund that mobilizes capital for microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of USD 453,000 to Opportunity Microcredit Romania (OMRO), a Romanian MFI that is a member of the US-based Opportunity International network. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility loans $1.2m to Caja Municipal de Ahorro y Credito de Maynas of Peru, Disburses First Tranche of $15m Loan to Vision Fund International

ResponsAbility Social Investments, a for-profit Swiss fund manager, recently informed MicroCapital that it has loaned the local-currency equivalent of USD 1.2 million as subordinated debt to Caja Municipal de Ahorro y Crédito de Maynas, a Peruvian microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: FinMark Trust 2012 FinScope South Africa Survey: Banking Population Increased from 63% to 67% in Past Year

According to the recent FinScope South Africa survey from South African nonprofit FinMark Trust, 22.5 million individuals over the age of 16 are part of South Africa’s banking population, which is equivalent to 67 percent of the country’s adult population. Continue reading

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MICROCAPITAL BRIEF: isePankur.com Now Connecting Lenders From Across Europe With Borrowers in Estonia

IsePankur, an Estonian online lending platform allowing individuals and small and medium-sized enterprises to borrow and lend to each other, recently began allowing anyone within the European Union to loan as little as EUR 5 (USD 6.40) to individuals and organizations in Estonia. Continue reading

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MICROCAPITAL BRIEF: Brazil Doubles Microfinance Loan Ceiling to $19,000

Brazil’s National Monetary Council, a body charged with regulating and monitoring Brazilian capital markets and financial institutions, recently increased the limit for each microcredit loan from BRL 20,000 (USD 9,840) to BRL 40,000 (USD 19,677). Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Commits Technical Assistance To Indian Credit Bureau, High Mark

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently agreed to provide technical assistance to High Mark, an Indian credit bureau, in an effort to encourage microfinance lenders in India to use credit bureaus in assessing the repayment capacity of borrowers. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Funds Loan $5m to Microfinance Institutions in Ecuador, Peru

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in asset allocation, analysis and management as well as microfinance, recently disbursed loans to four microfinance institutions (MFIs) in Peru and one in Ecuador. Continue reading

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MICROCAPITAL BRIEF: Making Finance Work for Africa (MFW4A), Munich Re Foundation Survey: African Microinsurance Tripled in 3 Years

A recent study being released this week by Making Finance Work For Africa (MFW4A), an initiative that aims to coordinate financial sector development among African governments, and Munich Re Foundation, the charitable arm of the German reinsurance company, indicates the microinsurance market in Africa has grown by 200 percent in the past 3 years. Continue reading

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MICROCAPITAL BRIEF: Habitat for Humanity, Citi Foundation, Multilateral Investment Fund (MIF) Unveil The Housing Microfinance: Product Development Toolkit

Habitat for Humanity, a US-based nonprofit organization, and Citi Foundation, the charitable arm of US-based financial services provider Citigroup, recently unveiled “The Housing Microfinance: Product Development Toolkit” in an effort to increase lending to improve housing for poor people worldwide. Continue reading

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MICROCAPITAL BRIEF: Bank Mandiri, Pos Indonesia Open Joint Microcredit-Postal Branch in East Java

Bank Mandiri, a government-owned provider of financial services to private and state-owned businesses as well as individuals and microentrepreneurs, recently opened its first office in Sidoarjo, East Java, as part of its partnership with Pos Indonesia, the national postal service. Continue reading

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MICROCAPITAL BRIEF: Lack of Law and Order Causes Microfinance Institution (MFI) Ujjivan of India to Put Lending Operations on Hold in Parts of Bihar

Ujjivan Financial Services, a Bangalore-based microfinance institution (MFI), recently put its lending operations on hold in the districts Vaishali and Muzaffarpur in the Indian state of Bihar after an October attack on its customer relations officer, Achchhe Lal Prasad. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $2.5m to KazMicroFinance of Kazakhstan, Imon International of Tajikistan, Frontiers of Kyrgyzstan, Thaneakea Phum of Cambodia

Absolute Portfolio Management GmbH (APM), Austrian-based investment and asset management company that offers microfinance institutions (MFIs) financing and investment strategy advisory services, recently disbursed a loan of USD 1 million to KazMicroFinance (KMF), a microfinance institution (MFI) in Kazakhstan, via the Dual Return Fund, a sub-fund of Vision Microfinance created by APM that issues direct loans to MFIs in developing countries. Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Seeks Input On Capacity Building For Financial Inclusion

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center dedicated to advancing financial access for poor people worldwide, is calling for interested individuals to respond to a short survey designed to clarify the demand for and the supply of capacity building services needed to advance financial inclusion.  Continue reading

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MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) Share, Asmitha of India, Again Looking to Merge

Share Microfin Limited and Asmitha Microfin Limited, two microfinance institutions (MFIs) based in Hyderabad, India, reportedly have rekindled efforts to execute a merger. Continue reading

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MICROCAPITAL BRIEF: Absolute Dual Return-Vision Microfinance Fund Invests $3.2m in FINCA Russia, AzerCredit of Azerbaijan, Bank Constanta of Georgia, Mikrofin of Bosnia and Herzegovina

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance and asset management, recently disbursed USD 3.2 million in loans to microfinance institutions (MFIs) in Russia, Azerbaijan, Georgia, and Bosnia and Herzegovina through a microfinance investment vehicle that it manages, the Dual Return-Vision Microfinance Fund. Continue reading

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