MICROCAPITAL BRIEF: International Finance Corporation (IFC) Syndicates $81m Loan for Banco Industrial do Brasil (BIB) to Support Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it has arranged a loan package of USD 81.2 million for Banco Industrial do Brasil (BIB).

MICROCAPITAL BRIEF: MicroFinanza Rating Issues 8 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Asia, Latin America

During June, Italy’s MicroFinanza Rating (MFR) issued four microfinance institutional ratings. Ecuador’s Insotec earned a rating of BBB with a stable outlook.

MICROCAPITAL BRIEF: IDB Loans Colombia $450m for Goals Including Facilitating Access to Capital for SMEs, Improving Financial Inclusion

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently announced it will extend a loan of USD 450 million to the government of Colombia with the goal of helping to “solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system [and] promote financial inclusion.”

MICROCAPITAL BRIEF: MIF Invests $5m in Nxtp Labs Fund for Tech Firms Seeking Social Impact in Argentina, Paraguay, Uruguay

The Multilateral Investment Fund (MIF), a member of the IDB (Inter-American Development Bank) Group, recently announced it will invest USD 5 million in equity in a fund launched by Nxtp Labs, an Argentine supporter of technology start-ups in areas such as (fintech), education (edtech), and reducing negative environmental impacts (cleantech).

MICROCAPITAL BRIEF: Incofin Sells Equity Stakes in Microfinance Institution Financiera Confianza of Peru, Affiliate of Fundacion BBVA MicroFinanzas

Belgium’s Incofin Investment Management (Incofin IM) recently informed MicroCapital that three of its funds, Incofin CVSO, Volksvermogen and Rural Impulse Fund I, have sold their stakes in Financiera Confianza, a Peruvian microfinance institution (MFI) affiliated with Fundacion BBVA MicroFinanzas, which in turn was launched by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) in 2007. While the sizes and prices of the stakes, which included all Confianza shares held by Incofin IM funds, remain confidential, Incofin IM reports that the funds earned “over

MICROCAPITAL BRIEF: MicroFinanza Rating Announces Client Protection Certifications, Ratings in Asia, LAC

During May 2017, Italy’s MicroFinanza Rating (MFR), under license from the US-based Smart Campaign, determined that Kyrgyzstan’s Kompanion Bank and FINCA Pakistan have complied with the certification standards derived from the Smart Campaign’s seven client protection

MICROCAPITAL BRIEF: Incofin Sells 55% Equity Stake in Colombian Microfinance Institution Crezcamos to Its Founder, Mauricio Osorio

Belgium’s Incofin Investment Management recently informed MicroCapital that its Rural Impulse Funds I and II have sold all of their shares of Crezcamos, a Colombian microfinance institution (MFI), to

SPECIAL REPORT: Women Advancing Microfinance (WAM) New York Presents “A Purpose-led Career,” June 21, 2017

The New York chapter of Women Advancing Microfinance, a group that organizes events and provides scholarships supporting women involved in social entrepreneurship, is hosting an event called “A Purpose-led Career,” at which a panel will discuss setting and achieving personal and career

MICROCAPITAL BRIEF: Vision Microfinance Funds of C-Quadrat Loan $45m in Countries Including Bangladesh, Cambodia, Tajikistan, Nicaragua

C-Quadrat Asset Management recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 45 million during April to unidentified providers of financial services in a range of countries including Cambodia, Nicaragua and Tajikistan as well as – for the first time –

MICROCAPITAL BRIEF: MicroFinanza Issues 13 Institutional, Credit, TrueLift Ratings to Microfinance Institutions in Haiti, Latin America, Togo

During April 2017, Italy’s MicroFinanza Rating issued four microfinance institutional ratings. Two of these were to affiliates of French NGO Entrepreneurs du Monde: BB- with a stable outlook to Assilassimé Solidarité of Togo and CC “under observation” to Palmis Mikwofinans Sosyal of Haiti. The other two are

MICROFINANCE EVENT: Social Performance Task Force (SPTF) Annual Meeting; June 6 – 8, 2017, Mexico City, Mexico

Event Name: Social Performance Task Force 2017 Annual Meeting

Event Date: June 6 – June 8, 2017

Event Location: Mexico City, Mexico

Summary of Event: This meeting will include plenary speeches, working group meetings and networking sessions relating to financial inclusion regulation, social outcomes data collection, and analysis and advances in “client-centric” technology [2]. The event will begin with an introductory session on the Universal Standards for Social Performance Management (SPM) and the resources available to financial service providers for measuring and improving their social performance. This is the first time this event is taking place in Latin America since 2013.

MICROCAPITAL BRIEF: Financiera FINCA Nicaragua Launches $10m Bond Offering to Expand Microfinance Lending

Financiera FINCA Nicaragua, an affiliate of US-based microfinance NGO FINCA International, recently registered a bond program totaling the equivalent of USD 10 million from which it subsequently issued one- and three-year bonds totaling USD 1.1 million. Investors over-subscribed

MICROCAPITAL BRIEF: Incofin’s agRIF Raises $27m for Financial Inclusion in Agriculture from Investors Including AXA, KBC, Korys, Invest in Visions, MRBB

Belgium’s Incofin Investment Management recently informed MicroCapital that its agRIF, the successor to the Rural Impulse Funds I and II, has raised USD 27 million in unspecified portions from multiple investors, bringing its size

MICROCAPITAL BRIEF: Quona Capital Management Raises $141m for Accion Frontier Inclusion Fund from Chase, MaserCard, AXA, Prudential, MetLife

Quona Capital Management, which is based in the US city of Washington, recently announced that it has raised USD 141 million from multiple investors for the Accion Frontier Inclusion Fund (AFIF), a fund backed by the US-based nonprofit Accion and managed by Quona Capital. The participating funders are US-based corporates including JP Morgan Chase & Co., MasterCard, Prudential Financial

MICROCAPITAL BRIEF: Whole Foods Market’s Whole Planet Foundation Raises $2.2m to Support Microfinance Institution Partnerships in 11 Countries, Including Expanding Work with Grameen America to New York, Miami

The Whole Planet Foundation, an affiliate of US-based grocer Whole Foods Market, announced it has secured donations of USD 2.2 million (as of March 17) towards its goal of raising USD 3.2 million by the end of March 2017 to grant for microlending through