MICROCAPITAL BRIEF: MFIs in Asia, Central America Borrow $10m from C-Quadrat’s Dual Return Vision Microfinance Funds

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds lent a total approximately equivalent to USD 10 million to unidentified microfinance institutions (MFIs) in Guatemala, India, Kazakhstan, Nicaragua and

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $12.5 to MFIs in Latin America, Southeast Asia

An arm of Austrian fund manager C-Quadrat, C-Quadrat Asset Management, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds lent a total approximately equivalent to USD 12.5 million to unidentified microfinance institutions (MFIs) in four Latin American countries – Bolivia, El Salvador, Guatemala and Peru – as well as

MICROCAPITAL BRIEF: Fundación Paraguaya Offering Loans in Paraguay for Stoves with Lower Environmental Impact, Supported by DiD, Econoler, IDB

Fundación Paraguaya, a Paraguay-based non-governmental organization, recently introduced a credit product intended to facilitate “the purchase of environmentally friendly technology,” particularly induction stoves, which run on electricity rather than gas or charcoal. In a pilot program, 383 women who purchased induction stoves

MICROCAPITAL BRIEF: Calvert Foundation Buys $5m in Subordinated Notes from Eco.Business Fund in Effort to Mitigate Climate Change in Latin America

The Calvert Social Investment Foundation, a US-based institution supporting the “social and environmental impact sectors,” recently invested USD 5 million in the Eco.Business Fund, a lender to financial institutions in Latin America that seek to mitigate climate change. The financing is in the form of subordinated notes, the first time the Eco.Business Fund has borrowed in this manner.

MICROCAPITAL BRIEF: MicroFinanza Rating Issues 13 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Albania, Morocco, Namibia, Asia, Latin America

During July and August, Italy’s MicroFinanza Rating (MFR) issued five microfinance institutional ratings. Morocco’s Attadamoune Micro-Finance was assigned the grade B+ with a stable outlook. Ecuador’s Fundación Espoir and Albania’s FED Invest both earned grades of BB with stable outlooks. Two institutions earned grades of

MICROFINANCE EVENT: Munich Re Foundation, Microinsurance Network, APESEG to Host 13th International Microinsurance Conference, November 7-9, 2017, Lima, Peru

Event Name: 13th International Microinsurance Conference: Inclusive Insurance for the Mass Market

Event Date: November 7 – November 9, 2017

Event Location: Swissotel; Lima, Peru

Cost: The maximum fee to attend the conference is USD 1,390, with a range of discounts available, including tiered reductions for those registering by September 1 and October 31. There is no fee for representatives of regulatory and supervisory authorities.

Summary of Event: This conference aims to engage stakeholders on “accelerating growth and economic viability in microinsurance.” It will feature roughly 80 speakers covering topics including: microinsurance across Latin America and the Caribbean; the role of microinsurance in economic development; digital technologies for microinsurance; and the relationships among data, analytics and the future of microinsurance.

MICROCAPITAL BRIEF: Fairtrade Access Fund Loans $750k to Colombia’s Cooperativa DelosAndes for Coffee Mill

Germany-based development bank Kreditanstalt für Wiederaufbau (KfW) recently notified MicroCapital that the Fairtrade Access Fund (FAF), which invests in initiatives supporting farmers in developing countries, has loaned USD 750,000 to Cooperativa DelosAndes, a Colombia-based coffee cooperative, to co-finance a wet mill. 

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