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Tuesday, April 15, 2014

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $26m to Yapi Kredi of Turkey to Support Leasing to Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a senior loan of EUR 20 million (USD 26.4 million) to Yapi Kredi Leasing, a financial institution that is majority-owned by Turkish commercial bank Yapi Kredi, to support its leasing services for micro-, small and medium-sized enterprises (MSMEs). Continue Reading »

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Saturday, April 12, 2014

MICROCAPITAL BRIEF: AlHuda Centre of Islamic Banking and Economics (CIBE) to Provide Training, Capacity Building Services to Organization of Islamic Cooperation (OIC) Member Countries

AlHuda Centre of Islamic Banking and Economics (CIBE), a Pakistan-based NGO that promotes Islamic banking, and the Statistical, Economic and Social Research & Training Centre for Islamic Countries (SESRIC), a subsidiary of the Turkey-based Organization of Islamic Cooperation (OIC), have signed a memorandum of understanding to provide training and capacity building services to the central banks of the 57 member countries of OIC. Continue Reading »

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Tuesday, March 25, 2014

MICROCAPITAL BRIEF: European Union, European Bank for Reconstruction and Development (EBRD) Support 100 Small, Medium-sized Enterprises (SMEs) in Egypt

The European Union and the Small Business Support program of the European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, recently held an event in the Egyptian city of Alexandria to highlight their support for approximately 100 small and medium-sized enterprises (SMEs). Continue Reading »

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Monday, March 17, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $21m Loan to Compagnie Internationale de Leasing (CIL) for Micro-, Small and Medium-sized Enterprises (MSMEs) in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is considering offering a senior, unsecured loan of approximately EUR 15 million (USD 21 million) to Tunisian leasing company Compagnie Internationale de Leasing (CIL) to expand its servicing of micro-, small and medium-sized enterprises (MSMEs) in Tunisia. Continue Reading »

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Monday, March 17, 2014

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue Reading »

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Friday, March 14, 2014

MICROCAPITAL BRIEF: European Bank For Reconstruction and Development (EBRD) Brings “Small Business Support” Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms

The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in the UK, has brought its Small Business Support (SBS) facility for small and medium-sized enterprises (SMEs) to Jordan. Continue Reading »

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Monday, March 10, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union, Republic of Turkey Provide $469m For Female Entrepreneurs in Turkey

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, in partnership with the European Union and the Republic of Turkey, is launching a “Women in Business Programme” in 2014 to provide financial and technical support services totaling EUR 338 million (USD 469 million) for female entrepreneurs in Turkey. Continue Reading »

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Tuesday, March 4, 2014

MICROCAPITAL BRIEF: Silatech, PlaNet Finance to Support Youth Entrepreneurship in Egypt, Lebanon, Palestine

Silatech, a Qatar-based social enterprise that serves young people in the Middle East and North Africa, has signed on to support the Youth Entrepreneurship Project (YEP), an initiative founded by French non-governmental organization (NGO) PlaNet Finance and funded by the European Union that seeks to empower young people by supporting three microfinance institutions (MFIs): Alexandria Businessmen’s Association of Egypt, Lebanese Association for Development (Al Majmoua) and Palestine’s Arab Center for Agricultural Development (ACAD). Continue Reading »

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Thursday, February 20, 2014

MICROCAPITAL BRIEF: Arab Gulf Program for Development (AGFUND) Partners with Philippines Chamber of Commerce and Industry (PCCI) to Bring Ibdaa Microfinance Bank to Eighth Country

The Arab Gulf Program for Development (AGFUND), a Saudi Arabia-based development organization, and the Philippines Chamber of Commerce and Industry (PCCI), a policy- and advocacy-oriented group that represents approximately 35,000 businesses in the Philippines, have signed an agreement to create an iteration of the “Ibdaa Microfinance Bank” (IMB) that is intended to increase financial inclusion of poor people and micro-, small and medium-sized enterprises (MSMEs) in the Philippines [1][2]. Continue Reading »

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Monday, February 17, 2014

MICROCAPITAL BRIEF: Switzerland’s State Secretariat for Economic Affairs (SECO) Commits $9m to Sanad Fund to Support Micro-, Small and Medium-Enterprises (MSMEs) in the Middle East and North Africa (MENA)

The State Secretariat for Economic Affairs, a Swiss government agency that works in developing countries and is known by the acronym SECO, reportedly has invested EUR 5.5 million (USD 7.4 million) in the Sanad Fund for Micro-, Small and Medium-Enterprise (MSME), a Luxembourg-based entity that funds financial institutions in the Middle East and North Africa (MENA). Continue Reading »

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Sunday, February 9, 2014

MICROCAPITAL BRIEF: Al-Amal Microfinance Bank of Yemen to Receive $4.2m Donation from Saudi Fund for Development

The Al-Amal Microfinance Bank of Yemen has received a donation of USD 4.2 million from the Saudi Fund for Development (SFD), the international aid agency of the Saudi government [1]. Continue Reading »

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Friday, February 7, 2014

MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $500k to Reef Finance in Palestinian Territories for On-Lending to Rural Clients

The Sanad Fund for Micro-, Small and Medium-Enterprise (MSME), a Luxembourg-based investment company that funds financial institutions in the Middle East and North Africa, has agreed to issue a senior loan facility worth USD 500,000 to Reef Finance, a nonprofit microfinance institution (MFI) that operates in the Palestinian Territories of West Bank and Gaza. Continue Reading »

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Monday, February 3, 2014

MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan

Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan. Continue Reading »

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Friday, January 31, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $64.8m to Banque Tuniso-Kowetienne of Tunisia for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs), Trade Financing

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a loan of EUR 40 million (USD 54.8 million) to Banque Tuniso-Kowetienne (BTK), a Tunisia-based commercial bank. Continue Reading »

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Thursday, January 16, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $2m to FINCA Jordan for On-Lending to Micro-, Small Enterprises (MSEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it will disburse a senior loan of USD 2 million to Foundation for International Community Assistance (FINCA) Jordan, a microfinance institution (MFI) based in Jordan that is a part of the US-based, nonprofit FINCA International microfinance network. Continue Reading »

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Monday, January 13, 2014

MICROCAPITAL BRIEF: World Bank’s International Development Association Donating $50m to Support Microfinance Investment Support Facility for Afghanistan (MISFA), Afghanistan Credit Guarantee Facility

The World Bank, a US-based multilateral institution, recently approved grants totaling USD 50 million to the Microfinance Investment Support Facility for Afghanistan (MISFA), a government-backed microfinance funder, and the Afghanistan Credit Guarantee Facility, an organization that provides partial risk guarantees on loans retail institutions disburse to small- and medium-sized enterprises, in an effort to stimulate economic growth in the country by increasing access to financial services for micro-, small and medium-sized enterprises (MSMEs). Continue Reading »

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Saturday, January 11, 2014

MICROCAPITAL BRIEF: Grameen-Jameel Microfinance to Loan $2m Each to Microfund for Women of Jordan, Al Majmoua of Lebanon

Grameen-Jameel Microfinance Limited, a nonprofit Cyprus-based joint venture of the US-based Grameen Foundation and the Saudi Arabia-based nonprofit Abdul Latif Jameel Community Initiatives, recently declared that it will loan USD 2 million each to Microfund for Women (MFW), a microfinance provider in Jordan, and Al Majmoua, a Lebanese nongovernmental organization (NGO) that lends to microenterprises. Continue Reading »

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Wednesday, January 8, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $4m to Microfund for Women (MFW) of Jordan to Support Onlending to Female Entrepreneurs

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that provides loans and other services in 36 countries, recently announced that it will extend a senior loan of USD 4 million to Microfund for Women (MFW), an NGO microlender in Jordan, to support onlending to female entrepreneurs. Continue Reading »

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