MICROCAPITAL BRIEF: IFC, FMO, SBI-FMO Invest $22m in Equity in Sri Lanka’s Sanasa Development Bank

The International Finance Corporation (IFC), a member of the US-based World Bank Group; the government-backed Netherlands Development Finance Company (which is also known by its Dutch acronym FMO); and Singapore-based SBI-FMO Emerging Asia Financial Sector Fund recently placed equity investments totaling USD 22 million in Sri Lankan-based Sanasa Development Bank (SDB Bank).

MICROCAPITAL BRIEF: IFAD, Cambodian Government, Private Sector Investing $60m in Microfinance, Infrastructure Program to Help 15k Farming Families Expand Operations

The government of Cambodia recently announced it has commenced the first phase of a project intended to aid 15,000 small-scale farming families in growing their operations by “building infrastructure to help farmers, and offering special microfinance deals.”

MICROCAPITAL BRIEF: Solomon Islands’ National Provident Fund Launches youSave Retirement Savings Plan for Self-employed With Support from UN’s PFIP

The National Provident Fund, a government-backed retirement trust in the Solomon Islands, recently launched youSave, a savings plan designed to help self-employed islanders establish and contribute to retirement accounts as do “formally employed” citizens.

MICROCAPITAL BRIEF: IFC, Japan International Cooperation Agency (JICA) to Invest $1.5b in Infrastructure, Microfinance, SMEs Over 5 Years

The International Finance Corporation (IFC), a member of US-based World Bank Group, recently agreed to launch a multifaceted project in partnership with the Japan International Cooperation Agency (JICA), a development institution of the Japanese government.

MICROCAPITAL BRIEF: Women Leverage Microfinance to Create Agribusinesses in Fushun, China

From 2010 through 2017, the city of Fushun, in northeastern China, invested CNY 2.8 billion (USD 406 million) in a subsidized microcredit program for agriculture, reaching 57,000 female entrepreneurs, primarily those whose husbands live elsewhere for work.

MICROCAPITAL BRIEF: IFU, Finnfund, Danish Family Office Invest $8m in BOPA for Asian Microfinance

Base of Pyramid Asia (BOPA), a microfinance investment company in Singapore, recently informed MicroCapital that it has raised a total of USD 8 million in equity funding from the Investment Fund for Developing Countries (IFU), which is owned by the Danish government; the Finnish Fund for Industrial Cooperation (Finnfund), which is backed by the Finnish government; and a Danish family office.

MICROCAPITAL BRIEF: Water.org Launches WaterCredit Investment Fund 3 to Facilitate Access to Sanitation, Clean Water in Cambodia, India, Indonesia, the Philippines

WaterEquity, the “social impact investment” subsidiary of US-based NGO Water.org, recently launched the WaterCredit Investment Fund 3 with the goal of raising USD 50 million to “invest in enterprises serving water and sanitation needs among the world’s poor.”

MICROCAPITAL BRIEF: Hedge Fund Route One Buys 0.88% Equity Stake in India’s Bharat Financial Inclusion for $15m

US-based Route One Fund I LP recently spent approximately INR 990 million (USD 15.4 million) to purchase 0.88 percent of the shares of Bharat Financial Inclusion, a for-profit non-banking microfinance institution (MFI) in India, via an open market transaction.

MICROCAPITAL BRIEF: Sri Lankans Urge Government to Allow Microfinance Institutions to Offer Microinsurance, Access Credit Information Bureau

M M Attanayake, the president of the 71-member Lanka Microfinance Practitioners’ Association (LMFPA), recently urged policymakers to amend existing law to allow microfinance institutions (MFIs) to offer microinsurance.

MICROFINANCE BRIEF: Pakistan’s Khushhali Microfinance Bank Borrows $20m from ADB for Farmers, MSMEs

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently announced it will loan USD 20 million to Khushhali Microfinance Bank Limited of Pakistan to “expand access to credit for agriculture-related borrowers and small businesses.”

MICROFINANCE EVENT: Microfinance Pasifika’s Financial Inclusion Innovation Summit; August 29-31, 2017; Port Moresby, Papua New Guinea

Event Name: Financial Inclusion Innovation Summit 2017

Event Date: August 29 – 31, 2017

Event Location: Stanley Hotel, Port Moresby, Papua New Guinea

Summary of Event: Previously known as Pacific Microfinance Week, this summit will address topics such as wealth creation, accelerating access to finance for small and medium-sized enterprises, how to ensure customer needs are being met

MICROFINANCE EVENT: 3rd Sankalp Southeast Asia Summit; September 19 – 20, 2017; Jakarta, Indonesia

Event Name: Third Sankalp Southeast Asia Summit 2017: Local Problems, Global Solutions

Event Date: September 19 – September 20, 2017

Event Location: Hotel Bidakara; Jakarta, Indonesia

Summary of Event: The focus of the summit is to “strengthen Southeast Asia’s entrepreneurship ecosystem,” and the theme of this year’s iteration is “Local Problems, Global Solutions.” Discussions will address topics such as policy, health, energy, financial services and agriculture.

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: MBK Borrowing $15m from FMO to Grow Group Microfinance Loan Portfolio in Indonesia

Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution providing group loans to women in Indonesia, recently borrowed USD 15 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Netherlands-based development finance institution. This is the third loan FMO has provided to MBK

MICROCAPITAL BRIEF: Asian Development Bank (ADB) Places $10m Equity Investment in Satin Creditcare Network to Support Microfinance for Women in Rural India

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently made an equity investment of USD 10 million in Satin Creditcare Network Limited, a for-profit Indian microfinance institution (MFI). The funding will be used to “expand and broaden” the institution’s services for unserved

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: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1].