MICROCAPITAL BRIEF: Bank of Maldives Borrowing $40m from ADB, JICA, OeEB, for Blue Economy, SMEs, Tourism

The multilateral Asian Development Bank (ADB) recently announced a syndicated funding package of USD 41 million for the Bank of Maldives Plc (BML) to support tourism and other sectors. ADB syndicated the funding, which encompasses

MICROCAPITAL BRIEF: AMK of Cambodia Borrowing $7.5m for Green Microfinance via Bond Issue from BII, Symbiotics

Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently disbursed USD 7.5 million to Cambodia’s AMK Microfinance Institution to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products, such as

MICROCAPITAL BRIEF: Annapurna of India Borrows $10m from MicroVest to Expand Microfinance for Rural Women

MicroVest, an asset management subsidiary of US-based DAI Global, recently lent USD 10 million to Annapurna Finance, an India-based microfinance institution (MFI) that lends to groups of women for purposes such as agriculture, crafts, solar lighting and housing improvements. The MFI also lends to

MICROFINANCE PAPER WRAP-UP: “The Relationship Between Financial and Social Performances in Microfinance: Insights from the Provision of Agricultural Loans in Cambodia,” by Tristan Caballero-Montes

In the context of agricultural lending in Cambodia, Dr Caballero-Montes assesses the extent to which microfinance institutions (MFIs) are able to pursue both financial and social objectives. The author contends that

MICROCAPITAL BRIEF: Jeevan Bikas, Pula, UNCDF Partner on Index Insurance for Farmers in Nepal

The Nepali microfinance institution Jeevan Bikas Laghubitta Bittiya Sanstha, Swiss insurance technology (insurtech) firm Pula and the UN Capital Development Fund (UNCDF) recently announced the completion of a pilot program combining technical assistance, subsidies and financial education to design and deploy an index-based insurance product for Nepali smallholder farmers. The program provided 15,000 smallholder farmers with insurance covering

MICROCAPITAL BRIEF: Activists Block Access to 3 Microfinance Institution Branches in Nepal, Accusing MFIs of Causing Over-indebtedness

Members of the Nepal Communist Party reportedly placed locks on the doors of two microfinance institution (MFI) branch offices in the western Nepali province of Sudurpaschim. Access to a third branch in the province also was blocked before police removed

MICROFINANCE EVENT: Navigating the Future of Impact Investing in Asia; May 9, 2023; Hong Kong, China

Attendees at this conference will debate investing “with the intention to generate social and environmental impact alongside a financial return” in Asia and worldwide. The topics to be covered include: 1) the current status of the sector; 2) methods for

MICROFINANCE PAPER WRAP-UP: “Financing the Blue Economy;” by Michael Adams et al; Published by Asian Development Bank, UNDP, UNEP

The Asian Development Bank (ADB) describes the “blue economy” as including 16 ocean-related market segments. The authors rank these segments in order of

MICROCAPITAL BRIEF: Cambodia Microfinance Association, NBC Launch Project to Increase Financial Literacy, Consumer Protection

The National Bank of Cambodia (NBC), the country’s central bank, and the Cambodia Microfinance Association (CMA) recently launched a project called Strengthening Safe Finance in Community. The goal is to boost “financial literacy, consumer empowerment, and protection” to “enhance safe and secure use

MICROCAPITAL BRIEF: Arohan of India Raises $11m in Equity from FMO to Expand Microfinance, Including via Technology

Arohan Financial Services, an India-based microfinance institution (MFI) offering credit and insurance services to groups, individuals and other MFIs, recently accepted an equity investment in local-currency equivalent to USD 11 million from the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO). Arohan plans to use the fresh capital

MICROCAPITAL BRIEF: Incofin Launches Water Access Acceleration Fund (W2AF) with $39m to Invest in Africa, Asia

The Belgium-based investment firm Incofin recently launched the Water Access Acceleration Fund (W2AF), a private equity fund with the objective of reaching 30 million people with access to safe drinking water, primarily in Africa and Asia. In particular

MICROCAPITAL BRIEF: Semaai Raises Equity from Accion, XA Network, Beenext, Surge for Technology Supporting Farmers, Agricultural MSMEs in Indonesia

Semaai, an Indonesia-based agricultural technology firm, recently obtained bridge funding in an equity raise led by Accion Venture Lab, a unit of US-based nonprofit Accion, and XA Network, a Singapore-based venture capital firm, with ongoing investors Beenext and Surge increasing their exposure to Semaai. Although the amount invested by each party has not been released, the goal

MICROFINANCE EVENT: Technology for Change Asia; March 20-21, 2023; Singapore

The third iteration of this annual event will focus on how technology “can be applied to long-standing social challenges to connect with the consumer.” The event offers virtual sessions on March 20 and in-person sessions on March 21 on topics including: (1) Unlocking the Power of

MICROFINANCE PAPER WRAP-UP: “Microfinance, Over-indebtedness and Climate Adaptation: New Evidence from Rural Cambodia;” by Vincent Guermond et al; Published by Royal Holloway, University of London

The authors of this report argue that microfinance loans in Cambodia are leading to over-indebtedness amongst farmers, inhibiting their ability to adapt to climate change. The aggregate

MICROCAPITAL BRIEF: Incofin Closes India Progress Fund with $77m to Promote Financial Inclusion, Agricultural Value Chains

The Belgium-based investment firm Incofin recently completed the final close of its India Progress Fund with a total of USD 77 million raised to support financial services providers and actors in

MICROFINANCE PAPER WRAP-UP: “Financial Inclusion That Works for Women,” by Sam Mendelson, Published by e-MFP

This paper explores model practices in financial inclusion for women through the work of the winner and nine semi-finalists for the European Microfinance Award 2022. Mr Mendelson sorts the lessons learned into three approaches to how financial services providers (FSP) can foster women’s financial inclusion: offering