Microfinance and Microcredit Investment | Microcapital.org - Page 2
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Thursday, April 10, 2014

MICROCAPITAL BRIEF: India-based Satin Creditcare Raises $4.7m in Equity from Norwegian Microfinance Initiative (NMI)

Satin Creditcare Network (Satin), an Indian microfinance institution (MFI), recently announced that it has raised INR 284 million (USD 4.7 million) in equity from the Norwegian Microfinance Initiative (NMI), a Norway-based public-private partnership that invests in and offers technical support to MFIs. Continue Reading »

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Wednesday, April 9, 2014

MICROCAPITAL BRIEF: Etisalat Lanka of Sri Lanka, Dialog Axiata of UAE Partner to Extend Ezcash Mobile Payment System in Sri Lanka

Dialog Axiata (DA), a Sri Lankan mobile communications subsidiary of Malaysia’s Axiata Group Berhad, reportedly has announced that it will begin a partnership with Etisalat Lanka (EL), a cellular network owned by the Emirates Telecommunications Corporation of the United Arab Emirates, to extend Dialog’s “eZcash” mobile payments to EL’s customers in Sri Lanka. Continue Reading »

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Wednesday, April 9, 2014

MICROCAPITAL BRIEF: American Refugee Committee (ARC) Sells Liberia-based Liberty Finance to DCRB Investments

The American Refugee Committee (ARC), a US-based nonprofit that provides humanitarian assistance in Africa, Asia, Haiti, and the Middle East, recently announced that it has sold its Liberia-based microfinance institution, Liberty Finance, to DCRB Investments (DCRB), a private investment company based in Liberia. Continue Reading »

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Wednesday, April 9, 2014

MICROCAPITAL BRIEF: responsAbility Investments Lends $4m to Opportunity International Bank of Malawi

ResponsAbility Investments AG, a Swiss-based investor in microfinance and other sectors, recently announced the disbursement of a loan of USD 4 million to Opportunity International Bank of Malawi Limited (Opportunity Malawi), a member of the US-based Opportunity International network. Continue Reading »

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Tuesday, April 8, 2014

MICROCAPITAL BRIEF: India-based NeoGrowth Raises $1.7m from Aspada Investment Company

NeoGrowth Credit, an Indian non-bank financial company that makes working capital and inventory loans to small and medium-sized enterprises (SMEs) in the country, recently announced that it has raised INR 100 million (USD 1.7 million) from Aspada Investment Company, an Indian investor in early-stage businesses that target low-income consumers. Continue Reading »

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Tuesday, April 8, 2014

MICROFINANCE EVENT: Caribbean MicroFinance Alliance (CMFA) to Host “Fifth Caribbean Microfinance Forum: Building an Environment for Entrepreneurs to Excel,” June 2 – 5, 2014, Montego Bay, Jamaica

Event Name: The Fifth Caribbean Microfinance Forum: Building an Environment for Entrepreneurs to Excel

Event Date: June 2 – 5, 2014

Event Location: Iberostar Rose Hall Suites Hotel, Montego Bay, Jamaica Continue Reading »

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Tuesday, April 8, 2014

MICROCAPITAL BRIEF: KfW, Belgian Investment Company for Developing Countries (BIO), Developpement International Desjardins, Lundin Foundation Commit $41m to AfricInvest Financial Sector Fund

AfricInvest-TunInvest Group, a Tunisia-based private equity firm, recently announced the closing of a third round of capital-raising for its AfricInvest Financial Sector Fund, a vehicle that invests in financial institutions that lend to small and medium-sized enterprises (SMEs) in North and Sub-Saharan Africa. Continue Reading »

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Tuesday, April 8, 2014

MICROCAPITAL BRIEF: European Microfinance Platform (e-MFP) Announces Fifth Microfinance Award of $132k for Environmental Initiatives

The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 130 microfinance organizations and individuals, has announced the 5th European Microfinance Award, which is themed “Microfinance and the Environment” to celebrate institutions offering new initiatives in environmental stewardship and sustainability in natural resources management. Continue Reading »

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Tuesday, April 8, 2014

MICROCAPITAL BRIEF: Bank of America Invests $10m in Calvert Foundation to Support Financial Access for Women Entrepreneurs in Low-, Middle-income Countries

Bank of America, a US-based financial services provider, is investing USD 10 million in Calvert Foundation, a US-based nonprofit organization specializing in social-impact investment, to provide loans to organizations that increase financial access for women entrepreneurs in Africa, Asia, Eastern Europe and Latin America [1]. Continue Reading »

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Tuesday, April 8, 2014

MICROCAPITAL BRIEF: Grameen Foundation Receives Innovation Grant from GSMA’s mWomen

The Global Systems for Mobile Association (GSMA), a London-based association of 1,000 mobile operators and associated companies, recently announced that its mWomen programme has awarded the Grameen Foundation, a US-based nonprofit organization, its Innovation Fund grant of an undisclosed amount. Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union to Provide Technical Assistance to Small, Medium-sized Enterprises (SMEs) in Tunisia

The Small Business Support (SBS) team of the European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, recently began operations in Tunisia, with plans to provide small and medium-sized enterprises (SMEs) with technical tools and management skills in order to help them innovate, increase efficiency and boost productivity. Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: Microfinance Market in Sudan Reaches 700k Borrowers, $352m in Funding

The Sudan Vision, a Sudanese daily newspaper, recently reported that, as of the end of 2013, the outreach of the country’s microfinance sector had grown to approximately 700,000 borrowers, up from approximately 490,000 the year before and 244,000 in 2011. Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: Incofin Investment Management’s Rural Impulse Fund (RIF) Acquires 15% Equity Stake in Financiera El Comercio (FIELCO) From Accion Gateway Fund

Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM), recently announced that it has acquired a 15.3-percent stake in Financiera El Comercio (FIELCO), a microfinance institution focused on rural and agricultural markets in Paraguay. Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: Kenya Women’s Finance Trust (KWFT) Receives $16m in Equity Investments from Incofin’s Rural Impulse Fund II (RIF II), Norwegian Microfinance Initiative (NMI) Fund III, NMI Frontier Fund

Kenya Women’s Finance Trust (KWFT), a Kenyan microfinance institution (MFI) that was established in 1982, recently announced that it has received equity investments totaling KES 1.37 billion (USD 16 million) from three funds: a total of KES 692 million (USD 8 million) from the Norwegian Microfinance Initiative (NMI) Frontier Fund and NMI Fund III, with the remaining KES 692 million (USD 8 million) placed by the Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM). Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: LeapFrog Invests $29m in Equity in Institute for Financial Management and Research (IFMR) Capital of India

LeapFrog Investments, a for-profit private equity fund based in Mauritius that invests in microfinance, reportedly has invested USD 29 million in return for a minority stake of undisclosed size in the Institute for Financial Management and Research (IFMR) Capital, an Indian non-banking financial company that facilitates funding for organizations that serve low-income people. Continue Reading »

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Monday, April 7, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $29m to Center-Invest Bank (CIB) of Russia for On-lending to Small, Medium-sized Enterprises (SMEs) in Southern Russia

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has loaned RUB 900 million (USD 29 million) to Center-Invest Bank (CIB), a Russian commercial bank, for on-lending to small and medium-sized enterprises (SMEs) in southern Russia. Continue Reading »

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Monday, April 7, 2014

MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 11th Annual Conference, June 19 – 20, 2014, Lisbon, Portugal

Event Name: European Microfinance Network (EMN) 11th Annual Conference

Event Date: June 19 – 20, 2014

Event Location: Sana Lisboa Hotel, Lisbon, Portugal Continue Reading »

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Sunday, April 6, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Disburses Syndicated Loan of $125m to Sri Lanka’s National Development Bank (NDB)

The International Finance Corporation (IFC), the private investment arm of the US-based World Bank Group, recently disbursed a four-year syndicated loan of USD 125 million to National Development Bank (NDB), which is owned by the government of Sri Lanka, in an effort to improve access to funds for micro-, small and medium-sized enterprises (MSMEs) in Sri Lanka. Continue Reading »

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