SPECIAL REPORT: Mariel Mensink Presents Agri-Finance Lending Scorecard to Rural Outreach and Innovation Action Group at e-MFP’s European Microfinance Week

Mariel Mensink of ICCO Terrafina Microfinance, an affiliate of the Dutch Interchurch Organization for Development Cooperation (ICCO), spoke yesterday during the opening day of the European Microfinance Platform’s (e-MFP’s) European Microfinance Week, presenting the agri-finance scorecard, a tool that loan officers can use to assess the repayment capacity of potential microborrowers. Continue reading

SPECIAL REPORT: e-MFP’s Microfinance & Environment Action Group Focuses on Quantitative Measures

As part of the first day of the European Microfinance Platform’s (e-MFP’s) European Microfinance Week, e-MFP’s Microfinance & Environment Action Group met today to elaborate its plan for the next two years. Marion Allet of the Paris-based Participatory Microfinance Group for Africa (PAMIGA) led the group in a set of exercises to explore the Action Group’s three areas of focus: Continue reading

MICROCAPITAL BRIEF: FINCA International to Offer Microfinance Services to Fund Off-Grid Solar Systems in Africa

The Foundation for International Community Assistance (FINCA International), a US-based nonprofit microfinance network, has announced that it will offer microfinance services to fund “off-grid solar systems”[1] in Africa. Continue reading

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MICROCAPITAL BRIEF: Oesterreichische Entwicklungsbank (OeEB) Invests $11m in Sanad Fund for MSME for Lending to Micro-, Small, Medium-sized Enterprises (MSMEs) in Middle East, North Africa

Oesterreichische Entwicklungsbank (OeEB), the development bank of Austria, has invested EUR 10 million (USD 10.7 million) in Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa. Continue reading

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MICROCAPITAL BRIEF: ACTIAM-FMO SME Finance Fund Closes at $162m with New Investment from Pensioenfonds Vervoer; Increased Investments from Spoorwegpensioenfonds, Stichting Pensioenfonds Openbaar Vervoer

The ACTIAM-FMO SME Finance Fund, which is managed by Actiam, a Netherlands-based asset manager, and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently closed at approximately EUR 150 million (USD 162 million). Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $9m to Kyrgyzstan’s Kompanion; $5.4m to Morocco’s Albaraka to Finance Micro-, Small, Medium-Sized Enterprises (MSMEs)

The UK-based European Bank for Reconstruction and Development (EBRD) has lent the local-currency equivalent of USD 9 million to Kompanion Financial Group, a microfinance institution (MFI) based in Kyrgyzstan, and EUR 5 million (USD 5.4 million) to Albaraka, the first Moroccan MFI to partner with EBRD [1] [2]. Continue reading

MICROCAPITAL BRIEF: Equity Group Acquires ProCredit Bank Congo to Expand to Democratic Republic of the Congo

After receiving approval from regulators in Kenya and Democratic Republic of the Congo (DRC), Equity Group, a Kenya-based commercial bank, recently acquired 79 percent of the shares of ProCredit Bank Congo, which is located in DRC and focuses on serving small and medium-sized enterprises. The price of the acquisition has not been disclosed. Continue reading

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MICROFINANCE EVENT: Microfinance Egypt Summit, March 23-24, 2016, Cairo, Egypt

Event Name: Microfinance Egypt Summit

Event Dates: March 23-24, 2016

Event Location: The Nile Ritz-Carlton Cairo, Egypt Continue reading

MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Buys 20% Equity Stake in Microfinance Deposit Organization Matin of Tajikistan

For an undisclosed price, Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small, Asian microfinance institutions (MFIs), recently purchased a 20-percent stake in Matin, a Tajikistan-based microfinance deposit organization (MDO). Continue reading

MICROCAPITAL BRIEF: European Investment Bank (EIB) Lends $9.8m to Kenya’s Faulu Microfinance Bank to Finance Micro-, Small, Medium-Sized Enterprises (MSMEs)

The European Investment Bank (EIB), the long-term lending institution of the European Union (EU), recently lent Faulu Microfinance Bank (Faulu MFB), a Kenya-based microfinance institution (MFI), KES 1 billion (USD 9.79 million) under EIB’s East African Community Microfinance Facility [1]. Continue reading

MICROCAPITAL BRIEF: Reserve Bank India (RBI) Eases Microfinance Interest Rate Norm to Allow Cheaper Loans to Members of Scheduled Castes (SC) Earning Less than $2.50 Per Day

The Reserve Bank India (RBI), the nation’s central banking authority, has eased the maximum allowance of a variance of 4 percent between minimum and maximum interest rates on loans by microfinance institutions (MFIs) in order to encourage the provision of cheaper loans to those members of Scheduled Castes (SC), historically disadvantaged people in India, who earn less than double the international poverty line defined by the United Nations (UN) as USD 1.25 per day. Continue reading

MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $9.2m to Microfinance Institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua, Peru

During October 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 9.2 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua and Peru. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $9.2m to Microfinance Institutions (MFIs) in Cambodia, Congo, Ecuador, India, Kenya, Nicaragua, Peru Posted in Deals, Eastern Europe and Central Asia

MICROFINANCE PUBLICATION ROUND-UP: Legislation for Client Protection; Consumer Satisfaction in India; Women’s Financial Inclusion Data

“Client Protection Principles: Model Law and Commentary for Financial Consumer Protection;” published by the Microfinance CEO Working Group; April 2015; 66 pages; available at: http://microfinanceceoworkinggroup.org/wp-content/uploads/2015/04/CPP-Model-Laws-April-2015.pdf

This publication offers guidelines for creating legislation to protect low-income consumers of financial services. Continue reading

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Awards Small Finance Bank Licences to 10 Microfinance Institutions (MFIs)

The Reserve Bank of India (RBI), the central banking authority of the country, recently has given “in-principle approval”[1] of the requests for Small Finance Bank Licences of the following microfinance institutions (MFIs): Jaipur-based Au Financiers, Jalandhar-based Capital Local Area Bank, Ahmedabad-based Disha Microfin, Chennai-based Equitas, Chennai-based ESAF Microfinance and Investments, Bengaluru-based Janalakshmi Financial Services, Guwahati-based RGVN (North East) Microfinance, Chennai-based Suryoday, Bangalore-based Ujjivan and Varanasi-based Utkarsh. Continue reading

MICROCAPITAL BRIEF: European Commission (EC) Launches EaSI-MicPro, a New Online Information on Microcredit Providers

The European Commission (EC), the executive body of the European Union (EU), recently launched EaSI-MicPro, a new online platform where microcredit providers can present information about their operations. Continue reading

MICROCAPITAL BRIEF: Fidelity Information Services (FIS) Launches “Banking on Demand” Management Information System in India, Targeting Microfinance Institutions (MFIs), Other Small Financial Services Companies

Fidelity Information Services (FIS), a US-based banking and payment technology provider, has launched “Banking on Demand,”[1] a service that uses “shared technology infrastructure”[1] to allow financial services companies to manage their operations without establishing their own banking infrastructure. Continue reading

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MICROFINANCE EVENT: Vision Fund Zambia, Financial Sector Deepening Zambia to Host Online Event on Savings Groups, Microfinance Institutions During Center for Financial Inclusion’s FI2020 Week

Event Name: Zambia Event, FI2020 Week

Event Date: 8 AM – 4 PM CAT, November 4, 2015

Event Location: Online

Event Cost: Free Continue reading

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MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $261m through European Programme for Employment and Social Innovation (EaSI), Supporting 20,000 Microenterprises via Romania’s Nextebank, 5 Western European Microfinance Institutions (MFIs)

The European Commission, the European Union’s executive body; the European Investment Fund (EIF), an EU-affiliated provider of finance to organizations that lend to small and medium-sized enterprises (SMEs); and six European microfinance institutions (MFIs) recently signed guarantee agreements under the European Programme for Employment and Social Innovation (EaSI), an initiative that supports “the modernisation of employment and social policies,”[3] job mobility, microfinance, microenterprises and social inclusion in the European Union. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Commission, European Investment Fund (EIF) to Guarantee $261m through European Programme for Employment and Social Innovation (EaSI), Supporting 20,000 Microenterprises via Romania’s Nextebank, 5 Western European Microfinance Institutions (MFIs) Posted in Deals, Key Players